Apple's Stock Price Officially Crosses the $400 Mark

[RobNYC]

I still have money in my IRA that I need to invest so I guess I'll do that after the split.
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I feel such regret for not purchasing when it was down in March.

You'll have a chance after the split.

 

[kyleh22]

But guys, I thought “aPpLe iS DoOmEd tO fAiL”?

said no one since 90s
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I feel such regret for not purchasing when it was down in March.

hindsight it 20/20 - no point kicking yourself now...You know what they say, "the best time to invest is yesterday."

 

[PlayUltimate]

I feel such regret for not purchasing when it was down in March.

On the other side of the coin, feel good that you didn't buy when it was up in March.

I feel slightly bad for those that predicted a decline yesterday after earnings. Those that went short or bought puts are ruined.

 

[newyorksole]

If it's only going up why not add more?

Good point Lol.

 

[ryanwarsaw]

said no one since 90s
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hindsight it 20/20 - no point kicking yourself now...You know what they say, "the best time to invest is yesterday."

A more relevant saying is "the best time to plant a tree was 20 years ago. The second best time is today." Historically f you only bought stocks at their all time highs you would do well. If you only bought at all time lows you would suffer companies that keep hitting all time lows go out of business.The winners for the most part just keep winning.

However at some point if somebody didn't buy the lows in March they are likely never to buy it ever anyway.

 

[ryanwarsaw]

Good point Lol.

They even made it "cheaper" for you to do so. They have a huge buyback program still going. The split is going to get the Robinhood crowd snapping up Apple. A lot of investors right now only care if a stock is above or below a certain price. Above $50 or above $100. No concern of multiples.

 

[lazyrighteye]

I feel such regret for not purchasing when it was down in March.

Well then jump in at the end of Aug. so you're not saying the same thing down the road.

 

[GfPQqmcRKUvP]

But guys, I thought “aPpLe iS DoOmEd tO fAiL”?

This is the most cliche thing to say and it constantly gets repeated for some reason. I guess everyone likes to feel persecuted or vindicated. When was the last time someone with any credibility said Apple is doomed?

 

[Baymowe335]

This is the most cliche thing to say and it constantly gets repeated for some reason. I guess everyone likes to feel persecuted or vindicated. When was the last time someone with any credibility said Apple is doomed?

Go look at some threads when Apple stopped reporting iPhone unit sales or iPhone X threads or a so So quarter calling for Apple peak. It’s constant here. Believe me, I have responded to many people here trying to explain that Apple was undervalued. I have the best track record here.

 

[DesertNomad]

The bounce back is quite incredible but not unexpected. You'd be a fool to have sold shares late March or early April.

For everyone that bought shares, there was someone who sold them.

 

[dogslobber]

Cook has failed AAPL shareholders with this Spindler-esque iPhone strategy. Apple products should be describable in 4 boxes not this horrendous product mix from a logistics guy. Cook is off the boil.

 

[firewood]

After this 4:1 split, the price at which Steve Jobs sold all but one share of his AAPL founders stock will drop to under 10 cents (USD) per share. And his family is still worth billions. That takes a galactic amount of genius + luck!

 

[Mr. Dee]

Well then jump in at the end of Aug. so you're not saying the same thing down the road.

I might just do that.

 

[hipnetic]

Ugh. Kicking myself for selling all of my Apple stock on 3/30. Oh well.

 

[dragoon2745]

With the stock split Apple is signaling to the market it expects its share price to continue to climb. Looks like investors are buying into that narrative.

 

[Apple Freak]

Following yesterday's strong earnings report, Apple's stock price has officially broken through the $400 mark in regular trading today, rising over 5% to sit at roughly $406.

I'm confused, I read an article earlier today that said AAPL would drive down the volatility on the Dow Jones Industrial Average and it made me wonder why AAPL wasn't on Nasdaq like most other tech stocks. The above screen shot does indicate that AAPL is on Nasdaq.

What gives?

Found the article: https://9to5mac.com/2020/07/31/aapl-stock-split/

 

[SuperCachetes]

I still have money in my IRA that I need to invest so I guess I'll do that after the split.

Well then jump in at the end of Aug. so you're not saying the same thing down the road.

Out of curiosity, other than one’s immediate ability, what is the logic behind waiting? Is it assumed the stock is going to fall over the next month? I would not make that assumption, but that's just me.

Buying "x" shares now vs. "4x shares" later is really the same thing, merely procrastinated - you'll just miss out on whatever happens in August. FYI... the world was a different place in 2014, but AAPL went up more than 10% in the month preceding its 7:1 split date. Just something to think about.

said no one since 90s

Plenty of people say it around here; they're just incorrect.

Ugh. Kicking myself for selling all of my Apple stock on 3/30. Oh well.

I'd kick myself, too. Kinda did the same with TSLA earlier this summer. Doubled my money in a matter of weeks but left another 100% gain on the table because of self-preservation. Ah well. I have an exit strategy for AAPL, but it is a stock that I don't think I would ever sell ALL of.

With the stock split Apple is signaling to the market it expects its share price to continue to climb. Looks like investors are buying into that narrative.

For the most part, the last 20 years confirms that narrative.

 

[ader42]

What’s confusing?

The Dow Jones Industrial Average is an index of 30 stocks, one of which is AAPL that is listed on Nasdaq.

 

[Mark McDermott]

I put my IRA into $625 worth of Apple stock in 2001. This date, I am a quarter-millionaire… on paper.

 

[vvs14]

But guys, I thought “aPpLe iS DoOmEd tO fAiL”?

Give this line a rest already. Its not original and you don't sound witty or funny.

 

[vvs14]

This is the most cliche thing to say and it constantly gets repeated for some reason. I guess everyone likes to feel persecuted or vindicated. When was the last time someone with any credibility said Apple is doomed?

Seriously. Its just annoying at this point.

 

[C DM]

Cook has failed AAPL shareholders with this Spindler-esque iPhone strategy. Apple products should be describable in 4 boxes not this horrendous product mix from a logistics guy. Cook is off the boil.

Seems like the stock has definitely "failed".

 

[ryanwarsaw]

Apple closes more than 10% higher $425 and change. The people who are hesitant to buy literally just missed a big move while typing their replies here. Fun day.

 

[myscrnnm]

I'm confused, I read an article earlier today that said AAPL would drive down the volatility on the Dow Jones Industrial Average and it made me wonder why AAPL wasn't on Nasdaq like most other tech stocks. The above screen shot does indicate that AAPL is on Nasdaq.

What gives?

Found the article: https://9to5mac.com/2020/07/31/aapl-stock-split/

I don't see what the problem is. It doesn't make the Dow less volatile, it just has a smaller effect on changes to the value of the Dow because it's weighted by stock price, not market capitalization. The DJIA is a stock index. Nasdaq is a stock exchange on which AAPL is listed and traded. The two things are not mutually exclusive.

 

[Baymowe335]

What a company. Finally getting the respect on Wallstreet it deserved years ago. Oh well, allowed me to build shares while people constantly missed the point.