Sell Apple! Sell Apple!

Discussion in 'Stock Market' started by DavidS, Jan 14, 2009.

  1. DavidS
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    DavidS Anti-Tea Party Member

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    Apple CEO Jobs takes medical leave - Yahoo! Finance

    I've had 5000 shares of Apple at $150/share for a while. I've always thought they were going to rebound.

    CEO of Apple, Steve Jobs, is taking a leave of absence citing health reasons. Apple shares have been halted in after hours trading.
     
  2. Luissa
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    Luissa Annoying Customer Supporting Member

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    I wouldn't sell! My brother sold Amazon to early about ten years ago when they split three times and went up 200. Plus people are starting to go to Apple over Microsoft! But I am no expert!
     
  3. DavidS
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    DavidS Anti-Tea Party Member

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    Uh, a stock split is a GOOD thing. Instead of 5,000 shares at a margin of 5%, you'd have 10,000 shares with the same margins.
     
  4. Luissa
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    Luissa Annoying Customer Supporting Member

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    I meant he sold before they split! sorry
    I was senior in high school that year and in economics class we were given a million dollars fake of course to invest in stock. I told my group to invest in amazon and we made a million dollars along with ebay and won for our class! Man if I only really had money then!
     
    Last edited: Jan 14, 2009
  5. DavidS
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    DavidS Anti-Tea Party Member

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    Apple is going to open tomorrow around $70/share. That's a $15 drop, or close to 20%.
     
  6. Luissa
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    Luissa Annoying Customer Supporting Member

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    The market is bad right now, but most say don't sell stock in companies like Apple. Don't they always say sale high buy low! What you should really do is buy more stock. I mean do you really think they are going to go out of business any time soon????
     
  7. DavidS
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    DavidS Anti-Tea Party Member

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    Because w/o Steve Jobs running Apple, Apple is NOTHING. He is the CENTER of the Apple universe. If Bill Gates got sick before Windows 95, Windows would never be what it is today.
     
  8. Toro
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    Toro Diamond Member

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    Stock is down $10 in the after-market.

    Apple has $30 per share in cash on the balance sheet. I'm hoping it gets whacked so I can buy some.
     
  9. Dante
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    Dante On leave Supporting Member

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    time to buy after a few more drops.
     
  10. Paulie
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    Paulie Platinum Member

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    David, you're a moron if you sell Apple.

    The stock is down on panic about Jobs. The company itself is well posititioned to weather the recession otherwise. Their balance sheet is healthy, their products are selling, and they have a lot of cash. The main thing they lose with Jobs is his sales pitch. Otherwise, the COO who's taking over the daily CEO duties is well capable of handling things.

    And I don't believe for a second that you laid $750,000 on a stock. I don't even believe you HAVE that much money. Combine this with the other stock purchases you've mentioned in the past, and you're well over a million dollars invested. I'm sorry dude, but your business ventures are not making you a million dollars. You either inherited a large amount of money, or you're lying.

    And I guess all anyone wants to talk about in this subforum is Fortune 500 companies, and whoever the news talked about recently. :rolleyes:

    Just as I figured.
     

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