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Apple Stock Opens Trading at $300 Per Share
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Quote me on that! My money would go somewhere else. For example, HMV.L is at 48p and I think even if it goes down to around 35, the Christmas sales and their new strategy to tackle iTunes and decreasing book sales, along with an early-November dividend should push it up to 70p. Two years ago, it was around 200p, it was almost half that a year ago. This is not a failing company but a company under challenging times.
Quote me on this, I am waiting for my next payout and I might buy HMV for a few thousand pounds. It's not bulletproof, but at over $300, AAPL isn't either.
We are talking about AAPL here and even at $315 its P/E is barely above the S&P's average. If you just compare Apples revenues with the giants around it like exxon, walmart then it makes it look ridiculous that Apple is that high up but we all know how profitable Apple are. Apple is also still growing at a massive rate too.
You can quote me on this, we'll be at $500 by 2012.
I'd go for HMV if I was you. But if you want a very speculative but high potential stock then look no further than Ambac Financial (ABK). I bought in at 0.78 and have already seen gains of 38% in just TWO days. Its been as high as $90 just 3 years ago. My initial investment of just $2,000 would be worth $350,000, return of 12,000%
if we ever got to that price. So I thought what the hell, go with your gut! 
We cant decide when to sell our stock maybe wait until $400? or sell now and buy a new car? lol we bought ours at $87
Or if your feeling even more risky then YRCWD is for you.
$3.50 at the moment but has been over $1000 historically
...The analyst rated the stock an "underperform" and applied a $0 price target.
YRCWD is up 12% today! Its still a junk stock but there is a chance that you could make ridiculous money from this.
It was too risky for me so I went for ABK which is now up 38% since I bought it!
We cant decide when to sell our stock maybe wait until $400? or sell now and buy a new car? lol we bought ours at $87
Certainly don't sell yet, its still on an upward curve.
I really believe these results are going to be a blowout even given the already high expectations!
Another thing I hadn't thought about is when Apple overtake Exxon: billions of dollars invested in index-tracking funds will switch from Exxon to Apple if the Cupertino-based company does hit the top and the switch could push down Exxon's value further, accelerated by hedge funds and technical traders who make bets based on the rebalancing of major indexes, and would be ready to short the oil company's shares.
I don't see that. When Apple overtakes Exxon, the proportion of Apple / Exxon shares stays the same, only the value changes.
If it's a traditional index fund, they are theoretically holding all of the securities in the index. Things will get difficult if there is a cap at e.g. 10%. If one stock rises to reach that cap, the managers of the fund will have to sell a part of their shares. Acctually, this will have the opposite consequence of what you predict.
Shame this guy has been banned. HMV are in trouble and stock has plummeted to 26p a share.
Apple has gone up to $329 a share in the meantime.
Shame this guy has been banned. HMV are in trouble and stock has plummeted to 26p a share.
Apple has gone up to $329 a share in the meantime.
Nice find!
In the ephemeral world of internet forum opinion, it's good to see people occasionally being held accountable for their blather.
