Ka Ching Ka Ching :-)

Discussion in 'Apple, Inc and Tech Industry' started by Apple Corps, Jan 9, 2007.

  1. Apple Corps macrumors 68020

    Joined:
    Apr 26, 2003
    Location:
    California
    #1
    Well, it took some courage to purchase and hold onto Apple stock over the last several years. Patience has paid off today - I sold 600 shares @ $91.20 per share - some with a cost basis of about $22.00 and it was all retirement tax sheltered :D :D :D

    My judgement tells me that Apple Inc. stock will shortly flatten, decline and then languish throughout the spring as the iTV hype is already built into the current price and the iPhone is still 6 months away - a very long time in the high tech world.

    A bright future for the new Apple Inc. - I will certainly buy back in as the hype and price drops down over the next few (days, weeks, months,??).

    Go Apple Inc. :)
     
  2. Amber macrumors regular

    Joined:
    Mar 23, 2006
    #2
    How would I go about buying Apple Shares? I know nothing about it. Can I pay online?

    Well done by the way!
     
  3. Mr. Anderson Moderator emeritus

    Mr. Anderson

    Joined:
    Nov 1, 2001
    Location:
    VA
    #3
    Yeah, scary how it went up $7 today - usually it goes up before an event and then drops.

    I imagine we'll see it go over $100 now, though. I bought some before it split last - not sure how much I have now - but its all good :D

    D
     
  4. Apple Corps thread starter macrumors 68020

    Joined:
    Apr 26, 2003
    Location:
    California
    #4
    Amber - basically you would go online to a financial firm like fidelity.com and open a brokerage account. You may well want to open a "retirement brokerage" account so that your capital gains (profits) are sheltered from taxes until retirement withdrawls. You would deposit $$$ into what is often called a money market SWEEP ACCOUNT where your $$$ reside and earn 4.5% - 5.5% currently. When you see the stock you want at the price you like you go online and place a buy order for som many shares at either the "market price" or at a limit order where you set the price that you will pay. The trade gets executed (assuming there are sellers at what you are offering) and the $$$ depart your SWEEP ACCOUNT and you now own those shares. Just the opposite when you decide to sell. Fees range from around the $6 - $15 per TRANSACTION.

    Hope that helps :)
     
  5. Apple Corps thread starter macrumors 68020

    Joined:
    Apr 26, 2003
    Location:
    California
    #5
    Mr. Anderson - I agree it might bump up a bit - my guess is that it will not ht $100 this go around. I am counting on a drop to around $82 per share, at which time I will jump back in.

    A lot of the "rumors" did not come true:

    no large HD monitor
    no new displays
    no C2D mini
    no ultra thin MBP
    no speed bumps
    no iWork 07
    no iLife 07
    no news on leopard
    no iPhone shipping near term 6 MONTHS !!!!!!!!!!!
    iTV already built into the stock price & NOT 1080p capable - LAME SPECS

    There are some other rumors I may have missed, but...............
     
  6. Amber macrumors regular

    Joined:
    Mar 23, 2006
    #6
    Thanks, people always make stocks seems so complicated when really I think some people don't want to let others know what they do.

    So realisticly what's the minimum I'd need to spend/buy for it to be profitable if the shares went up taking into account the transaction fee.
     
  7. Sdashiki macrumors 68040

    Sdashiki

    Joined:
    Aug 11, 2005
    Location:
    Behind the lens
    #7
    and the capital gains taxes and the various rules for day trading and terms for holding onto stocks before selling, its all fees and taxes, though Im the last person to ask about stocks...

    what I do know is you cant buy today, sell tomorrow, make $10,000 and actually keep the whole $10,000.
     
  8. jeremy.king macrumors 603

    jeremy.king

    Joined:
    Jul 23, 2002
    Location:
    Fuquay Varina, NC
    #8
  9. Apple Corps thread starter macrumors 68020

    Joined:
    Apr 26, 2003
    Location:
    California
    #9
    You got that right :-0 We just got back from Macworld - plenty of iPod accessories, laptop bags, speakers, headphones, docks, BUT no real beef. The iPhone was encased in a plastic cylinder with everyone taking pics.

    We have been to many Macworlds and this one was a disappointment - not much to really see & touch.
     

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