Apple's Share Price Soars Past the $500 Mark

[jlocker]

I cry, in 1998 and I worked for Apple, Apple stock was down to 14 dollars a share and we were 2 months from bankruptcy. People forget at that time Apple was very close to going out of business or being bought out. Apple learned valuable lessons in the late 80's and 90's so they would not have a repeat of almost having a fire sale of the company. Why oh, why did I not buy a thousand shares at that time

 

[Expos of 1969]

I am happy for those who have done well with the stock. I kick myself for selling. In 1999 I purchased 100 shares at $10 or $11 but was caught up in the pre-crash trading and sold after the company seemed to be going nowhere. I also had some PALM and getting rid of it was a good move.

 

[PlayUltimate]

I am happy for those who have done well with the stock. I kick myself for selling. In 1999 I purchased 100 shares at $10 or $11 but was caught up in the pre-crash trading and sold after the company seemed to be going nowhere. I also had some PALM and getting rid of it was a good move.

I held on but ended up selling in 2008.

 

[Expos of 1969]

I held on but ended up selling in 2008.

OK, the coffee is on you

 

[satchmo]

Geez, and all this before the iPhone 12 launch with it's rumoured and very popular iPhone 5 style design.

I'm not sure it's sustainable, but the economy might just recover to support massive iPhone 12 sales.

 

[LizKat]

I should have bought more.

I gave my AAPL a little haircut while I was selling some of a few other holdings. Figured it would rise anyway during the runup to the ex-date of the split. Markets in general have got so rlch now that trimming even things worth hanging onto can be justified, no matter if what was left before a haircut was all gravy anyway. Having a little cash on board and ready to invest after the next bottom is never a bad idea.

 

[johnparjr]

Hmmm I bought 100x$86=$8600 so now its worth $50,000+ oh yeah

 

[GregorMae]

Also the news about Apple movements in India ...

 

[Baymowe335]

Apple has added ~$500B in market cap in the last month or so. I don’t see any fundamental reason for that other than wall street has decided Apple is where they want to park their money.

The fundamentals can be wrong, and were, for long periods of time...years. But things can change quickly. Microsoft was $25-$30 for 20 years with powerful earnings, cash, and market dominance. The business changed somewhat, but mostly, the narrative changed as they pushed Azure and Windows as a service, much like Apple has done.

I’m not saying it hasn’t been fast, but the valuation Apple’s earnings received was totally, totally too low and wrong.

Apple has shown their ability to execute quarter after quarter, in many environments and successfully flipped the narrative to a services business with the most loyal customer base in the world.

 

[Baymowe335]

I gave my AAPL a little haircut while I was selling some of a few other holdings. Figured it would rise anyway during the runup to the ex-date of the split. Markets in general have got so rlch now that trimming even things worth hanging onto can be justified, no matter if what was left before a haircut was all gravy anyway. Having a little cash on board and ready to invest after the next bottom is never a bad idea.

Trading is pretty much always a bad idea, despite how good at it you think you are. In the end, you’re probably better staying in and adding consistently. Way too hard to know “bottom” or top. People thought Apple topped at $200.

 

[centauratlas]

I wish stock splits would be required of all publicly traded companies once their stock hits a certain value threshold. Stocks that sit at $1000, $1500, $2000 per share do nothing but keep new investors from sharing in the gains, and re-enforces old money / fat cat traders.

For example, it's absolutely ridiculous that Amazon is currently valued at $3,300+ per share.

Just so you know, many brokerages like Schwab and Fidelity - others too - allow you to purchase fractional shares. Some brokers call them "slices". So you could buy 0.1 shares of Apple. Or 0.01 of Amazon. And they have $0 cost trading.

You could buy $500 worth of Apple, Microsoft, Amazon, BAC etc stock divided equally.

So in reality, the price per share really doesn't matter if your brokerage is using current technology to allow the purchase of fractional shares.

 

[agsystems]

" Apple's time as a $500+ stock will be short-lived even if it doesn't drop due to market trading, as the company's four-for-one stock split will take place at the close of trading on Friday, lowering Apple's share price to around $125 "

^^this - I am always amazed how otherwise 'smart' people get dupe by this maneuver - I heard from at least 4 of my friends say they stock it is too high now but will wait until it goes 'down' to ~120+ after the split - really?

 

[StellarVixen]

Biggest bubble world has ever seen.

 

[centauratlas]

Apple announced a 4:1 split on July 30. It's happening soon.

Today is the date of record which could explain the pop today - people want to get in before the split. I believe the split adjusted trading is 8/28 after the market close. (Kind of irrelevant if that is the reason).

 

[Baymowe335]

" Apple's time as a $500+ stock will be short-lived even if it doesn't drop due to market trading, as the company's four-for-one stock split will take place at the close of trading on Friday, lowering Apple's share price to around $125 "

^^this - I am always amazed how otherwise 'smart' people get dupe by this maneuver - I heard from at least 4 of my friends say they stock it is too high now but will wait until it goes 'down' to ~120+ after the split - really?

Get smarter friends.

 

[Baymowe335]

Biggest bubble world has ever seen.

Not for Apple...learn some finance before making these blanket statements.

 

[ondert]

And there it goes down to 497$ again now.

 

[jayducharme]

Hmmm I bought 100x$86=$8600 so now its worth $50,000+ oh yeah

I remember that time, and had considered buying stock at that point but thought it was priced too high. I'd never make it on Wall Street...

 

[lixuelai]

Bought a few shares today to add to my portfolio. Like the prospects of Apple going into 5G and Apple Silicon.

 

[Mr. Dee]

I wish stock splits would be required of all publicly traded companies once their stock hits a certain value threshold. Stocks that sit at $1000, $1500, $2000 per share do nothing but keep new investors from sharing in the gains, and re-enforces old money / fat cat traders.

For example, it's absolutely ridiculous that Amazon is currently valued at $3,300+ per share.

I wish I bought that when I could, but I let my Financial Advisor cloud my better judgement. I was actually gonna buy 12 grand of Amazon back in December after viewing a news segment where Russell Wilson gave 12 grand worth of Apple stock to his team players that would be estimated to worth 250,000 in 10 years.

 

[DeepIn2U]

Guys you're freaking KILLING me for the after split price Killing me!!

 

[triton100]

And in the midst of a global pandemic? When things return to a new normal next year it will go past $600.
You heard it here first.

That prediction 5232152

 

[Greenmeenie]

Hmm. To buy now or wait until after the split tomorrow?

 

[ateslik]

Trading is pretty much always a bad idea, despite how good at it you think you are. In the end, you’re probably better staying in and adding consistently. Way too hard to know “bottom” or top. People thought Apple topped at $200.

This is the best comment in this thread. Like Spock always says, "Stay long and prosper".

 

[Phone Junky]

Hmm. To buy now or wait until after the split tomorrow?

Better five months ago.