Apple Pie

My favorite pie is apple. It’s a great dessert to top off a “man’s meal”, i.e., a big joozy ribeye steak– ‘medium rare’, corn on the cob, baked potato, and a bucket of beer. You just can’t go wrong with them fixin’s.

Apple Inc. [[AAPL]] , $176.86, is one of those stocks that is a favorite this summer among tech investors. Basically, it’s been working, when other ideas haven’t—and I don’t think you can go wrong buying APPL here, if you’re willing to hold on to it. 

I bought more last week at $163.45, and still own shares from November 2001 at $10.57 (split-adjusted). I’ve bought it steadily over the years to the point that It is, by far, the largest position in my portfolio (not my trading account). Obviously, it has paid me well to hold on to it.

We will see it back over $200 sooner than we might think. This stock is a keeper and one I want to own long-term and not trade out of.

My sources are telling me that there is a nice buzz going on at the company. Things are upbeat. Management is optimistic about trends in iPhone sales. Their estimate of 4.2 million units for the quarter might actually be pretty conservative. 3G demand is much stronger than expected. This is a catalyst that will propel the stock even higher from here. 

Disclaimer: Investing involves risk. Know what you’re buying. You could lose money, so be prepared to get your head handed to you on a wooden platter at any time, without notice. This is not an endorsement to buy Apple stock, but it is an endorsement of apple pie.