Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
Aapl = 71.60
- Thread starter iGary
- Start date
- Sort by reaction score
It's funny how quick people are to brag about their gains, yet you never hear them say a peep about their losses. 
Also, hindsight is 20/20, so it's easy to make backward-looking statements. The trick is to have the foresight to know what to do now and in the future.
Also, hindsight is 20/20, so it's easy to make backward-looking statements. The trick is to have the foresight to know what to do now and in the future.
~Shard~ said:It's funny how quick people are to brag about their gains, yet you never hear them say a peep about their losses.
I peeped about mine. See above.
Actually, I never lost money on AAPL, because I bought in so early, but I did see half of my paper profits go up in smoke in a matter of minutes. September 2000, I will never forget it. I was literally spending the money --drawing a large cashier's check from my bank to pay for an expensive item I'd just bought, and thinking I needed to sell some of my shares in AAPL later that week to replenish my bank account. Literally, as that check was being written, AAPL was plummeting 50% in after-hours trading (and kept falling for years after that).
Talk about a lesson learned the hard way!
IJ Reilly said:
Yes, I noticed that, nice to see, in a way (as opposed to people just bragging about their wins.)
I have had my share of losses as well, but my gains have always outweighed the losses, so I count myself as fortunate. I play the stock market everyday, and have had my shares or high times and low times as well - yes, 2000/2001 was a wacky time! People definitely need to exercise caution when playing with the markets, as they tend to be quite unforgiving. ~Shard~ said:
I actually only bought a quarter of a share. Sad I know, but it is over 400 and I'm a mere college student.
silverback66 said:
You do realize how much the stock will have to go up for you to actually make money, especially after you figure in your commission costs?
derajfast said:
This is commonly done through DRIPs, but there are other programs out there as well which will let you do this.
Considering the stock has gone up about 150 dollars in the past month I'm not especially worried about it and my commision cost is only 4 dollars per trade.
Did something happen that's causing the stock to go like it is today or is this just the usual ups and downs?
silverback66 said:
What was your entry point? Even if your 1/4 of a share has gone up $150/share, (which I doubt it has), that means you've made 150/4 = $37.50. Less $4 to buy, and $4 to sell, that leaves you with $29.50. Definitely nothing to write home about.
The above is a good example to anyone wondering if they should buy 1 share, or fractions of a share of a company with the intent of making money - as you can see, it's just not worth it.
SOmetimes I want to kick my own ass.. I bought a bunch when it was down at $12ish a while back and held onto it for a long time... sold it at $60. A few months later, it split and now look at it.. DAMNIT!
yellow said:
Hindsight is always 20/20, my friend. You made some money on it, don't get greedy.
It's when people get greedy on the stock market that they usually get burned. If it's any consolation though, I know how you feel, I've been there many times myself over the years that I've been investing. The whole dot.com boom and bust was quite an interesting time for me...
~Shard~ said:Hindsight is always 20/20, my friend. You made some money on it, don't get greedy.
But.. but.. it's my right as an American!
yellow said:But.. but.. it's my right as an American!
Sorry, yes, as a Canadian sometimes I forget about Americans and those types of "rights".
silverback66 said:
An analyst downgrade produced some rapid profit taking. This kind of thing is to be expected with a stock that has appreciated so much so quickly. A lot of investors will hit the exits the moment the news isn't 101% good.
jhu said:
Not necessarily -- so much depends on momentum. Nearly everything is being interpreted as good news for Apple lately it seems, which is quite different than it was just a few years ago, when even good news was often received poorly by the markets.
Even the announced downgrades were qualified with the proviso that Apple has lots of opportunities ahead to grow profits. So far as I know, nobody has lowered their target prices.
Anyway, this correction was overdue. Better 5% now than 25% later.
bousozoku said:The interesting thing is that Apple is affecting other, unrelated stocks.
1) what other stocks are you referring to?
2) michael dell doesn't give a rats ass because he's already a multibillionaire