You're correct...Apple produces "consumer gadgets/toys" while IBM (REAL computers and Op. Systems :)) and Microsoft (along with Unix) absolutely DOMINATE their perspective niches too. Anyone who bought IBM a year or so ago would have virtually doubled their investment btw. Lots of you guys bought APPL on the unsustainable hyper-bubble it was in last year and have lost your perspective imo. IBM and MSFT will be doing very nicely ten years from now....count on it! Not sure about Apple (somewhat of a consumer fad imo) than can be replaced very easily. Consumers can be a fickle bunch :D

You're right, Lucky Brand Jeans might be a better comparison.

Motion, you initially bought at $580.
It then went to $700.
Were you tempted to sell at $700, or did you want to buy more at $700.
Now that it's $393, what is your plan?

I agree.

I've been a member here since whatever it says on my User Name. I've read the "loser" gold- silver thread.

I've read the Apple thread. I'd state for the record that you should ignore or go short everything posted here.

I've been going short. It's been like "pure sex".

The Apple short and the gold/silver short has worked perfectly. I love it.

Do you "experts" have any other market timing commentary?

I'd like to short against it.

With all due respect Vintage (and I DO pay attention to your posts), I've been on these threads also, and you'd have lost your a$$ taking the contrarian position (shorting) the moves I've made on APPL, gold, or stocks in general. I hope you've made bazillions, but I have no regrets either.

ps: You should get rid of your race cars...your driving absolutely sucks compared to the professionals :)

Of course I keed...but hope you get the point.

I may seem like a complete knucklehead to you, but I did load up on AAPL at $50 back in the day and made a few bucks. I have also shown many people here how to get 12% + on their money, which I continue to do.

I did load up on AAPL at $700 because I felt strongly that it was headed for $1000. I was wrong, but I continue to believe it will get there eventually. Apple has a strong history of creating new categories and I think they'll continue that. Johnny Ives is a brilliant designer, and I believe in him.

I haven't thrown anything at this I wasn't willing to lose anyway, so all is good. Its only money, yeah?

Cautiously optimistic... I have picked up more for $400-410 lately to average things a bit. Looks like its going to be a busy fall for new products, but I worry about Apple losing their focus, like they did back in the Gausse, Scully days when they were introducing too many lackluster products.

up 24.69.....:) Apple jumps as Icahn tweets about ‘large’ stake
Billionaire activist talks with Tim Cook about increasing buyback....correction: 26.89...

well, I'm glad I got in ahead of Icahn

Yes, do the opposite of whatever tabs says.

Carl Icahn ✔ @Carl_C_Icahn

We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come.

Carl Icahn ✔ @Carl_C_Icahn

Had a nice conversation with Tim Cook today. Discussed my opinion that a larger buyback should be done now. We plan to speak again shortly.
1:25 PM - 13 Aug 2013

Come on, baby!!!

LOL.

As of today, I'm pretty close to even. I bought at a high of $550, but then also bought at various times since then, when it was much lower, so I'm averaged at around $500.

I don't have a huge amount in it, $20K or so in total, so I'm not too worried.

AAPL isn't going broke, that's for sure. And at some point there will be another period of "irrational exhuberance" for it again. These stocks seem so "trendy."

Still, wish I would have bought Tesla at $40 instead of AAPL at $550! That's about where Tesla was when I started buying APPL.

I posted this back in March. Still feel that way. Looks like I have some company...

I'm back in black as of today.

Now I wish I would have doubled my holdings when it was selling at $398!

This morning FBN said it was a buy.
.
However, yesterday a fellow on FBN said Apple was doomed w/o Jobs.

I'm at -17% aggregate. Still optimistic...

Good news for some of you to recoup early losses.

My gut tells me the same thing.... that the magic is gone. We'll see. iTV and iWatch could prove to be HUGE market leaders with a vast market. The transition from cable/dish television content to Internet provided content is just beginning. And, its bigger than computers, iPods, iPads, etc. There's still huge potential for Apple to lead.

Apple have scheduled a press conference in China the day after the Cupertino one. This could be a China Mobile deal announcement & that's a whole bunch of new potential customers . . . they have 137.9 million 3G users.

Ian

The problem with China is that there are many different iPhone clones out there in the wild already.

10+ iPhone Clones You Never See Before

You can't underestimate the status of a real iPhone. All the emerging markets are clamoring for them.

I thought we were talking about investing in cool tech, not status symbols. SmileWavy

Ah ****, we've lost fan boi #1! :)

If it gets back to $550, I'm going to sell.

(Of course, that will ensure that it will go to $650+ within 30 days, you guys can thank me then).

There is no difference to the 20s/30s mid/upscale Chinese consumer. Real brand name goods - as opposed to the fakes - are highly sought after. Louis Vuitton, Gucci, Apple - they are all the same.

Ian

This "status" comes from the fact it works, has a warranty, has a support infrastructure; the chargers don't electrocute people, it integrates with the iTunes ecosystem, etc. The upwardly-mobile part of the Chinese population recognizes the value of a fully engineered product over a reverse-engineered product.

I remember when I could get a knockoff Rolex for $30 or so. And it was all the same to me, because I'm not a watch guy. But you know what, Rolex is doing just fine despite cheap copies.

Keynote coming up tomorrow... Anybody picking up some more AAPL?

Yes, and that's why I will happily pay double or triple for something that works well. Especially when I know it can be sold at a premium down the road to fund the next upgrade. Seems like a no-brainer to me, but what do I know.

No surprises yet.... stock price is flat...

Guess investors are not happy, LOL.

5C at $549 unlocked too expensive to boost demand in China. Estimates were $350-450.

ok, S or C??

Stock down $10 at 3 PM ET, guess not a lot of market excitement.

The stock prices today & probably tomorrow have nothing to do with stockholders. These are all the margin buyers fighting it out. It is yo-yoing.

Ian

Isn't the yo yo ing related to the announcement on new phones?

"Buy on the rumor, sell on the news". Any news . . .

Ian

I don't want a S-C I will wait for the Carrera version. :p

Investors are happy. for example I only have a 25% gain so far, and going to hold for a 2x or 3x gain in a few years.

Speculators & Traders are not happy - and if they bothered to calculate their gains/losses over the long term including all the costs and taxes, they would be a lot less happy - ignorance is bliss.