Let's start off the new year with one of the markets most talked about stock - Apple. What are your thoughts on Apple's next move?
Market watch has been resurrected!
I'm kicking myself for not selling my very substantial position at $700. That said, I think this stock makes it back to $700 after they report a better than expected holiday season. They poll all kinds of age groups from kids to adults and the bulk of the most requested holiday gifts are Apple products.
Im watching my family members under 6yrs old and over 60yrs old adopt Apple product as we speak. no one does it better, and until they do, I'm sticking with APPL.
I base this on nothing but my gut. I purchased my first iPod back in 2003 and within a week spent every penny I had on shares of AAPL. I was in college at the time and every last penny was a few grand. That few grand turned in to a downpayment on my house a few years later.
I have been loading AAPL aggressively in Dec and just again today. It is hard not to calculate apple going back to $650 in a month or two. It appears to be a no brainer. Apple is the temporary victim of it's phenomenal success.
I base this on nothing but my gut. I purchased my first iPod back in 2003 and within a week spent every penny on shares of AAPL. I was in college at the time and every last penny was a few grand. That few grand turned in to a downpayment on my house a few years later.[/QUOTE]
Great to have the willpower and foresight at that age to sacrifice for the future.
My portfolio is completely overweight in AAPL and I recently added to my position.
Do you follow these guys? http://www.asymco.com/2013/01/07/est...-2013-quarter/
They are typically suprisingly accurate but, I haven't followed them in the last year or so. I remember them getting blowout quarters correct when the street was grossly underestimating. Its worth a read. And you'll like their charts