September 12, 2013
– Comments (7) |
RELATED TICKERS: AAPL
I am looking for an AAPL exit point.
Thank you, AAPL. As a longtime investor and user - it was an awesome 31 years.
Well I actually bought more yesterday. I'll throw my hat in with Icahn any day of the week. Plus I plan on getting the 5s.
I am looking for an AAPL exit point
Well, my tea leaves told me $650 was the time to bail (before the high of $700, but still a nice exit point)
If you have held this long why would you sell now when the stock actually seems cheap?
Bonus, you get a dividend to wait.
Disclosure- Why oh why didn't I buy APPL @$90 during the crash. It's still on a watchlist from 08-09 (ughh!!!)
Interesting that all the pundits say this unveiling was a bust. I've never owned an Apple anything due to pricing but like their quality. The lower costs i-phone with a contract is the first time I have been interested and probably will buy
LOL Harry God my pre-March 2009 list is long!
Programmers were quite excited about 64 bit cpu and new additions to software. App ecosystem is biggest moat of iOS versus Android and especially W8.
So.. Apple still going to be a luxury (and high margin) phone and software business for a while. Profits should stay high.
I think lots of investing pundits don't really understand any depth besides flashiness and whats hot. The core business is quite healthy here and plenty of chances for innovation.
I think I will hold onto my shares.. though they have cost basis of $408. I would like to see $600/share.
Note, I am also excited about MSFT and NOK. I think the phones NOK made are quite exciting. I would have bought a Lumia 1020 if T-mobile had this. Or a 920 or 928.
I am waiting for 8" windows 8 tablets, then I might get one of those if it has a built in GPS. Haswell CPUs and intel! Those are exciting! 3d cameras in laptops and Oculus Rift headsets. Lots of new things coming.
Honestly, lots of great tech around the corner.
I sold most of my stake at $678, and mentioned it in this space for anyone who wanted to follow suit, HCG. My cost basis is well under $100 - I have been holding some of these shares a very long time indeed.
Why did I wait until now? Because Tim Cook has been running the company for 3 years and that is enough time in the big tech sector for him to bring the "next big thing" he's been working on to market.
There is no next big thing. Apple has lost a huge amount of talent, has done nothing to replace it, is changing the workplace into the usual toxic suit-dominated environment - one of my smartest friends who has worked there for 20 years was just fired - and innovation is no longer on the minds or the lips of the other 30 or so folks I know who work there; they are just keeping their head down and worried about keeping their jobs.
There is a lot of great tech around the corner, no doubt. I'm expecting Intel, Google and Samsung to bring it; I'm no longer sure about Apple - first time in 31 years, as I say, that that's been true, although I had doubts in 1996 too - and since that's the case, I no longer find I need to own stock in Apple.