Apple 1Q 2008 Results: Record $1.58 Billion Profit

[sitarro]

Too bad that doesn't include the $20 iPod apps, eh?

You do know that it's 20 bucks for a copy of Snood, right? 20 dollars won't take you and a friend to see a lousy movie...... when will the whiners get over it?

 

[sitarro]

That just isn't true! You can't blame this all on the down market. Apple has fallen from above 200 in December to under 125 in January. That drop is enormous. It far exceeds the recent down turn of most stocks.

Investors just believe that Apple has performed as well as they are going to perform and are not a good buy for the future.

They might be right but then again if AAPL over performs next quarter then we will see a reversal. I only wish I would have sold my stock at 200.

People like you who start crying as soon as a stock drops are the reason it is where it is, same as with the gas futures. Amateurs should stay out of the stock market.

 

[IJ Reilly]

But that itself is predicated on caring on having the stock whenever it does peak. If that doesn't matter to me, I can be happy with a relatively large profit, even if it isn't the absolute most I could have made later on.

To me, one criteria would be to sell when the company's stock price goes well in excess of record prices (or a price not hit in many, many years). Or just goes well above what seems reasonable (subjective, of course) for the time.

IOW, guessing. As I've discovered painfully, I'm not especially good at guessing.

More specifically, AAPL's share price has been supported by the company's growth in profits, which have been spectacular. This is why the stock has set so many record highs. AAPL was probably getting a bit ahead of itself when it touched $200 last month, but no so far ahead that its seemed completely unreasonable, given the company's amazing growth rate.

The stock market is a very emotional place. Unless you are a professional trader who knows how to read those emotions, then you are better off buying what you know and holding on for as long as you feel the investment is fundamentally sound, and as best you are able, ignoring the daily, weekly and even monthly market gyrations. In all the years I've been a stock market investor, this is the strategy which has worked the best for me.

 

[digitalbiker]

People like you who start crying as soon as a stock drops are the reason it is where it is, same as with the gas futures. Amateurs should stay out of the stock market.

Troll.

 

[Lord Sam]

apple, apple

I was expecting Apple's stock to shoot up after a new revolutionary product at MacWorld, but after I saw the presentation, and the negative comments others were giving it, I shorted Apple. Whoopee! The market is unpredictable, but I thought that the expectation that Apple had to live up to was just too much for even it. Obviously, the market crashing had something to do with it, but Apple hasn't performed up to expectations. Their conservitive second quarter profit predictions just speeded up the fall.