Apple Stock Hits All-Time High on Earnings Strength

[MacRumors]

Apple's stock price has hit an all-time high today, surging over 4% at the moment to top $207 per share. The peak eclipses Apple's previous high set in late December 2007. Apple's stock subsequently sank to a low of under $80 per share in late 2008 amid uncertain economic times before rebounding strongly over the past eight months.

Apple's total market capitalization is currently approximately $186 billion, placing the company behind only Exxon Mobil, Microsoft, and Wal-Mart in market cap rankings of American companies.

Apple's stock has seen a significant bump over the past couple of days in the wake of a stellar earnings report on Monday and subsequent price target upgrades from analysts looking ahead to future performance.

Article Link: Apple Stock Hits All-Time High on Earnings Strength

 

[sam10685]

I sold stock when it was at 80. Now I'm going to buy it all back.

Edit; I seem to be upsetting people and I'm sorry. This post is sarcasm. Why would I ever do that??

 

[Small White Car]

People are finally starting to realize that Apple is performing this well in a recession.

Add to that, Apple tends to spend more money on R&D during downturns, meaning that once the economy picks up they'll have even more cool toys right when the companies that cut back are just starting to re-hire.

Should be fun.

 

[thegoldenmackid]

As soon as it hits 211 my broker has been told to dump a small amount of shares.

 

[TheBritishBloke]

I really wanna buy shares in AAPL, if anyone knows a good UK Stock broker, please PM me!

 

[BornAgainMac]

How long before it passes Microsoft?

 

[cameronjpu]

Apple's total market capitalization is currently approximately $186 billion, placing the company behind only Exxon Mobil, Microsoft, and Wal-Mart in market cap rankings of American companies.

Who volunteers to be the last sucker?

 

[cameronjpu]

I sold stock when it was at 80. Now I'm going to buy it all back.

You'll regret that

 

[OllyW]

I sold stock when it was at 80. Now I'm going to buy it all back.

You don't seem to have got the hang of this investment lark yet.

 

[Maserati7200]

I had a feeling it wou;d surge after i saw that iMac...

 

[Mike07335i]

I am shocked at how fast it has gone up. Definitely my best stock. I bought a chunk in the 80s earlier this year. I was going to sell this morning but then it took off so I am still holding. I am itching to sell but how much higher is it going to go.. Its crazy.....

$208.50 now...

Mike

 

[puffnstuff]

I really wish I bought some stock back when Steve Jobs died

 

[DMann]

Performance like this during these economic times is truly remarkable - Greatly looking forward to the holiday quarter.

 

[rickdollar]

I sold stock when it was at 80. Now I'm going to buy it all back.

I have to admit, I did the SAME thing. On January 20th of this year. Fortunately, I kept about half and bought some more when it got back to the 120's. But still... what a dope.

 

[ChrisA]

I sold stock when it was at 80. Now I'm going to buy it all back.

I'm with you on that. I'm a typical amateur investor also. When I see stock go up like this and hit a peak I buy a lot of it. I don't want to "miss out". But then when it tanks I usually sell it all because it might go even lower.

Don't laugh. I think we're the majority of investors.

Once I heard about this other system called "buy low, sell high". But I've never been able to figure that out. Why would you buy stock that is "low"? Doesn't that mean the company is not doing well? Who'd want to own that? And then when it's high that means they are doing well. Why sell off your stake in a company that is doing well? I just don't understand. I'll stick with my system.

 

[theheadguy]

Add to that, Apple tends to spend more money on R&D during downturns...

Out of curiosity, where did you learn this?

 

[SirOmega]

Yeah, Pipper Jaffray has a target price of $277/sh. I don't think thats entirely reasonable. However, $225 is my sell target for the moment. Its flexible however, depending on what Apple does (announces, ships) between now and then.

The questions I'm looking at are - whats the stock going to do when Apple announces their tablet? Does it go up or down? Looking back to the iPhone, between the announcement and 6 months after release, the stock went up all the way from the 80s to 200. The only thing to bring it back down was worries about Steve's health.

 

[rdowns]

Amazing, this stock shows no resistance. This quarter should be a blow out with so many new toys to buy for xmas. And then we have the tablet to drive growth next quarter (I hope).

My unrealized gains on my AAPL stock- 1,749.01%

 

[Ramashalanka]

I sold stock when it was at 80. Now I'm going to buy it all back.

Sell low, buy high. Works every time (for the rest of us).

 

[sam10685]

You'll regret that

It was a joke.

You don't seem to have got the hang of this investment lark yet.

You got it!

 

[joshfoth]

$100K Subaru

In 2005 I sold a chunk of Apple stock to buy a Subaru Outback. Nice to know that I now own a $100K Subaru.

Might as well bling it out!

 

[cameronjpu]

It was a joke.

Sorry, you must be new here Text doesn't carry sarcasm, so if you want to get that across, it takes more than it does in person.

 

[Saladinos]

I was going to buy some of this when it was at 80. God damn.

 

[audioteknika]

How do I buy stocks online ?

 

[minik]

I dived in on the same day as Macworld Expo 2009 and it's my first time for this kind of thing. No regret.