Apple Shares Rise to Record as Mac, IPod Sales Surge

Discussion in 'MacBytes.com News Discussion' started by MacBytes, Nov 28, 2006.

  1. macrumors bot

    Joined:
    Jul 5, 2003
    #1
  2. macrumors 68030

    Joined:
    Oct 24, 2003
    Location:
    The Amalgamated States of Central North America
    #2
    I am never taking financial advice from my father again. He advised me over and over to sell my Apple stock. I had gotten really lucky he said.

    I bought 8 shares of Apple (all of my money) at 63.4 a share because I heard an analyst say it would go to $99 a share.

    My dad finally wore me down and I sold at 71.09...arggg and now it's at 91!

    Well, you may say, at least you made some money. Actually I did not. I almost broke even. I had invested all my money previously into DirecTV when I heard they were launching 14 rocket ships into space with new satellites. Well I don't think those rocket ships ever took off cos I never heard about those plans again and I lost a lot of money, finally cut my losses, bought Apple, and about broke even.

    But what could have been! Well, I guess the moral of this story is that BOTH my father and I are bad with money.
     
  3. macrumors 604

    iJon

    Joined:
    Feb 7, 2002
    #3
    Yeah I've had it since about 45, still haven't sold it. I feel with the possibilities of an iPhone they can generate some new revenue. I'm thinking it can hit 100 but it may not be until they release their next earnings. Let's hope.

    jon
     
  4. macrumors 6502a

    Joined:
    Aug 10, 2003
    Location:
    USA
    #4
    1.8 million macs during the holidays?? Apple is going to blow that figure straight out of the water. I suspect they'll sell closing in on 3 million for the holiday quarter. If they don't speed up the Switcher rate by a lot over the holidays, they'll be fighting with Vista for post-XP switchers.
     
  5. macrumors P6

    twoodcc

    Joined:
    Feb 3, 2005
    Location:
    Right side of wrong
    #5
    i thought that was a pretty good article. now i just gotta wait for that phone.....
     
  6. macrumors newbie

    Joined:
    Apr 27, 2004
    #6
    I bought 150 shares at $64.50... Waaay back in about '99. Since then it has split twice, so I'm up to 600 shares. Do the math, and I am one haaaappy Apple fan!
     
  7. macrumors 603

    Rocketman

    Joined:
    Dec 2, 2001
    Location:
    Claremont, CA
    #7
    Steve usually splits when the price is firmly near 100. Looks like it will be announced soon.

    The news in this report is a confirmation of a $300 price point for the iPhone.

    The Mac and iPod sales figures are speculation, but since Steve has been practicing UPOD, Any surprise will be to the upside.

    Also note both the article and I refer repeatedly to Steve Jobs, and not "Apple Computer, Inc"? That is different from virtually any other corporate stock reports.

    Rocketman
     
  8. macrumors 68030

    princealfie

    Joined:
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    Location:
    Salt Lake City UT
    #8
    Go Apple!
     
  9. macrumors 6502a

    Joined:
    Oct 27, 2006
    Location:
    Brisbane, Australia
    #9
    How can I buy Apple shares? What steps should I take?
     
  10. macrumors 68040

    Kwyjibo

    Joined:
    Nov 5, 2002
    #10

    This isn't a lateral action by Steve himself where he wakes up one morning and decides to split the stock.

    Where are you getting this precedent? The stock has split twice in the last twenty years and the last time it was at like 90 ish. So that was just once, once does not make a pattern.

    Theres no reason for them to split the stock, if you want to search on why this is sort of silly you can do a search on here or on google and find some well written posts on the topic.
     
  11. macrumors P6

    IJ Reilly

    Joined:
    Jul 16, 2002
    Location:
    Palookaville
    #11
    For the record, AAPL has split three times in the past 20 years: 1987, 2000, 2005. In 2000 it was around $100; in 2005 it was around $90. I suspect the board will vote another split soon, assuming the share price holds up.
     
  12. macrumors 68000

    Aniej

    Joined:
    Oct 17, 2006
    #12
    Is that a joke? Not to be pompous, but have you ever heard of these little things called securities exchanges often referred to as NASDAQ, and S&P 500?

    Apple is traded on NASDAQ, call or get a broker.
     
  13. macrumors regular

    Joined:
    Jul 22, 2006
    #13
    Too late :p
     
  14. macrumors 6502a

    Joined:
    Oct 27, 2006
    Location:
    Brisbane, Australia
    #14
    I heard of NASDAQ, but I don't know how these things go. Thanks anyway.
     
  15. macrumors 68020

    winmacguy

    Joined:
    Nov 8, 2003
    Location:
    New Zealand
    #15
    If it is any consolation, my my father was pretty scepticle when I bought my appl stocks and he has a very strong financial background. I bought the shares @$73 US with NZ currency because I know enough about the company and Steve Jobs to have a good idea of what the shares are likely to do - more so than my father. I am expecting a big return on my investment at some stage in the future. If I had solely taken my father's advice I probably would never have bought the shares.
     
  16. macrumors 68020

    winmacguy

    Joined:
    Nov 8, 2003
    Location:
    New Zealand
    #16
    Either contact a stock broker or stock broking firm, investment bank or get hold of a financial adviser at your own bank or look on google. This like might help
    http://finance.yahoo.com/q?d=t&s=AAPL.
     
  17. SMM
    macrumors 65816

    SMM

    Joined:
    Sep 22, 2006
    Location:
    Tiger Mountain - WA State
    #17
    I am a (relatively) long-time stockholder. I have actually owned the stock much longer than I have used the products. Needless to say (but saying it anyway), I am very happy with the stock's performance. The one thing I am not, is surprised.

    Apple is making the right decisions, straight across the board. I really like their cash position. They are not spending like a bunch of undisciplined kids. They make profit, they pay-off loans and long-term financial obligations. They are capitalizing the majority of their major assets. In short, they are doing just the opposite of what our government is doing.

    I really like their diversification and they way they have grown it. The feelings I have about Apple can be summarized in one word; confidence. They have installed in me a confidence that they have a plan, know what they are doing, and have the people in-place to make it succeed. With their track record, since the turn of the century, this is the type of company you want to invest in, and stay the course.
     
  18. macrumors 68000

    Aniej

    Joined:
    Oct 17, 2006
    #18
    What a great, to-the-point, and articulate comment on the nature of this security. The only tiny little addition I would make is their decision to not pay out dividends, but your point that "they make profit" is in actuality inclusive of this point. I think we could make a whole thread discussing this actually and relating the interesting products and management decisions to their securities.
     

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