My method of eventually obtaining an iPad

Discussion in 'iPad' started by OutsideTheCube, Apr 1, 2010.

  1. OutsideTheCube macrumors newbie

    Joined:
    Apr 1, 2010
    #1
    So I've decided I want an iPad. Eventually anyway. Instead of waiting idly by just wondering what it will take to force my arm into paying for one, I've decided to do the following.

    I just bought 10 shares of Apple stock, and only when I've realized gains of $499 (plus a little extra for tax), will I hunker down to purchase one. Any one have any guesses as to when/if that momentous occasion will happen?

    Shares are $236 right now, so I would have to sell around $290 to make the purchase (including tax). I've read some analyst opinions and $300 is certainly within range. So, help me out people and start buying some iPads!


    P.S. This is my first post, so be nice!
     
  2. chriskzoo macrumors 6502

    Joined:
    Aug 25, 2005
    #2
    Should have never sold the 40 shares I bought at $25 a pop :(

    I did sell them at 100, though, bought them back when it went back to $80 and then sold them again at $100, so I can't complain too much :)
     
  3. aaquib macrumors 65816

    aaquib

    Joined:
    Sep 11, 2007
    Location:
    Toronto, Canada
    #3
    You do realize Apple is still has a means to go before it approaches $290?

    I don't see it happening for at least six months. Analysts seem to be expecting too much and Apple is once again the golden company. Remember in 2009 when it turned from the golden company to the whipping boy? Stock manipulation was evident with amounting rumors of Steve Jobs imminent death brought the stock down quite a bit. Some would say it was because of the recession, but that obviously isn't true as Apple was still having record-quarter after record-quarter and constantly smashing the Street's expectations.
     
  4. fusconed macrumors member

    Joined:
    Jan 16, 2008
    Location:
    Portland, OR
    #4
    Purely my unsubstantiated opinion...

    I would say that you're probably going to be waiting a long time if you are hoping to pay for the entire purchase with gains in the stock for that few shares. Looking at the history of the stock price since before the iPhone, there have, of course, been great gains, but significant losses on those gains as well. I would say that you will probably be able to pay for half of the cost by the end of Summer (assuming the iPad really starts to take off and this year's iPhone along with iPhone OS 4.0 also help). I think most of the gain from the initial ideas of the iPad have already been realized, but who really knows? I'm not in the market at all, so I really have little basis to convince you of my point, that's just how I see it.

    Best of luck to you though. I keep looking at the stock price wishing I would have made something happen back when the iPhone was announced (under $100), because I really thought that it was going to take the company somewhere, but it's just hard to spend the money. :)
     
  5. racer1441 macrumors 68000

    Joined:
    Jul 3, 2009
    #5
    You're not sure you want to pay $499 out of pocket for an iPad, but you bought two grand worth of stock. :rolleyes:
     
  6. kernkraft macrumors 68020

    kernkraft

    Joined:
    Jun 25, 2009
    #6
    Whatever some 'experts' claim, I don't think that $300 will happen.

    There is so much hype and speculation that it's difficult to see clearly. Also, as someone already suggested, in successful periods, Apple's share price went down. Not long ago, it was in fact below $80. It shouldn't happen again, but whatever goes up can come down.

    Currently, Apple is having a historic high. Is it likely to go up? You would be mad not to consider that it can go down. Besides, we are in an economic recovery. Simply having your investment in one share hovering around its current position is not a good investment, when there are much better opportunities. This is the time to buy low-value shares and risk that these companies either go down completely or get their share prices increased substantially.

    The highest return on Apple can be around 25%, if the 'best case scenario' happens. That might take months, it might never happen. In six months time, you can get a killing at some of the utility and financial stocks. I think it was Morgan Stanley's analyst that calculated the risk. Their 'worst case scenario' also included pretty nice margins and growth. That is never a good start to guess the worst that can happen.
     
  7. SchneiderMan macrumors G3

    SchneiderMan

    Joined:
    May 25, 2008
    Location:
    Apple state
    #7
    Once the iPad comes out Apple stock will fall by a lot.. Everyone will want to sell.
     

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