It's on sale. :)
Anyone buying AAPL today?
By CL Follow Tue, 24 Apr 2012, 8:40am 1,670 views 15 comments
In Oakland CA 94602
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If I had extra dough I would.
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Clambo,
based on your previous posts you bought around $70,000 worth when it was near the peak. Now you don't have any extra money to invest? You should not be giving advise to others to buy when you can't afford to buy yourself.
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I have a percentage in mind for an individual stock, stock funds, and bonds, etc.
I will keep a certain % in my Vanguard Total Bond Market as a type of cushion.
I just paid my TAXES, among other recent expenses, so I don't feel as flush today as I did last week.
If I found new money on the sidewalk I would *positively buy AAPL* now.
My recent buys of AAPL were moving some money from one bond fund into AAPL. I decided I don't need the same % of money to languish in a bond fund as I did last year.
The point of my buying AAPL was a decision that I would have better long term results with AAPL than with the bond fund.
You need to know a few things.
1. many of the people in the financial planning business who ostensibly give "advice" are broke. I know them.
2. you don't know my professional background. Let's leave it at that.
3. my opinion about what one should do is no different from many others. mr Buffet for example chooses stock buys on a 10 year time horizon. This is correct.
4. Selling my bond fund was the only option I would ever consider to buy AAPL unless I suddenly found $70,000 in the street. Why? Because I would not sell a mutual fund and pay taxes on my gains to buy AAPL.
5. Only a fool would have $70,000 cash laying around in the last few years. I don't keep much cash in the bank as a rule.
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When I bought more AAPL in Jan 2009 I put it into Roth because I also predicted they would pay dividends and I am that much of a cheapskate.
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You think the earnings will impress tonight?
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NOPE!
I tripped out on a stop sell order recently.
Made a bunch of money, happy to pay those short term capital gains.
Sitting on the sidelines today.
If it drops real bad tomorrow I might start thinking about reentry.
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Vicente,
Good job!
Even if you believe in something really bad, a run up of 55% in two and half months should make you think. It's one thing when it's a 5B company, another when it was 400B company.
Who knows, the earnings could be great tonight and the stock would go up to 650, but it still makes sense to take some money off the table when you have a parabolic run up.
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Vicente says
Right on!
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clambo,
Is hard to converse with traders when you're an investor. Bought AAPL in 1997 and held till now. Gain-to-date is more than 50 times. Some of my trader-friends lost their shirts and none is able to make that much gain. Trading gave you a sense of control and 'short-term' achievements. For AAPL, it is better to subjugate to Apple management.
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clambo says
Probably why you don't have extra dough. ;)
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I shoulda done did it. :(
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Interesting that they still got good earnings despite reports of sales drop off. Over $12 per share well above estimates of $10 per share.
I'm listening on the conference call.
Hmmm.
If I had to pin my doubts on anything, it would be entirely personal anecdote that my "new iPad" delivery came from China really quick. This was despite having waited until about a week after ordering opened, and then watching the promised 3 weeks delivery start getting shorter and shorter....hey it's delivered. Sure, maybe they laid on extra shifts, maybe overestimated delivery to give them slack. It was just such a noticeable change for me versus the previous ordering experiences where delivery time was fairly accurate. It made me worry demand was slipping.
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Conference seems good news all around. Meh.
No AAPL for me tomorrow I think.
Starting to think about my next target already, that list of Dividend Aristocrats sounded good.
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Just to clarify something SFace said on a previous thread about Apple's influence on the S&P500. From FT:
It accounts for 4.2 per cent of the S&P 500 and more than a fifth of the S&P’s tech sector... Without Apple, the S&P 500’s gain of 9.1 per cent so far this year would be around a more modest 8 per cent.
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More explanation than anyone wants to know:
I had parked some money in Jan 2009 in VanguardTotalBondMKTIndex. I kept it there in lieu of in the BANK. Fuck banks.
After having a nice bunch of interest and a surprise *capital gain*, I decided a week ago to add a little more to my *long term investment*.
So, my *interest and unexpected serendipidous capital gains* paid a portion of my AAPL purchase.
I would buy more AAPL right now if I found some extra cash laying around.
I maintain a certain amount of dough as a cushion and it's hard to resist investing it all, but I have to have a cushion for unexpected events.
I have zero interest in realizing short term gains with an investment with AAPL.
The shares I bought will be paying for my whims and desires in a couple of decades.
What's also nice about Vanguard is they let you exchange shares in the bond fund for a money market and then trade the money market for AAPL, within a minute. That was kinda fun. They are polite with their Voyager Select clients too. $2/ per trade with a human on the phone beats the shit out of $300 to visit a suit in person to buy some shares (ancient history lesson).
T.RowePrice also gives similar service to their so-called "select clients."
God bless America, T.Rowe Price, Vanguard and Apple.