Apple is 'rising star' of the stock market

Discussion in 'MacBytes.com News Discussion' started by MacBytes, Nov 3, 2004.

  1. macrumors bot

    Joined:
    Jul 5, 2003
    #1
  2. Moderator emeritus

    Joined:
    Jun 25, 2002
    Location:
    Gone but not forgotten.
    #2
    It closed at $55.31 today and had a high over $56.00, so I was wrong. I mentioned that, after a year of the G5 iMac, Apple would be solidly at $55. For being wrong, I don't feel so bad.
     
  3. macrumors 6502a

    macridah

    Joined:
    Feb 18, 2004
    Location:
    Nor-Cal
    #3
    apple time is now and their momentum probably won't stop anytime soon. I trade stocks frequently and broke the rule of never falling in love with a stock and just cut your loses.

    I bought apple on a dip when it dropped from 50 to 25 in a couple of days. I thought it was a steal of the century until it dropped to 13. This was 2001-ish and instead of cutting my loses when it went to 20, i held on. At 13, i not only double my bet to have a lower cost average, I went x5. My cost average now is ~15. I still don't plan on selling anytime soon. With the G5 iMac selling like hot cakes, xmas around the corner ... i'll wait til the next earnings announcement--but probably still not sell .... there is still tiger baby.
     
  4. macrumors 65816

    ChrisFromCanada

    Joined:
    May 3, 2004
    Location:
    Hamilton, Ontario (CANADA)
    #4
    I am so glad I told our broker to buy at $38 dollars about a month ago. And I think it is only going to get better the demand for G5 iMacs has skyrocketed and christmas is coming. Time to buy people!
     

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