When I heard about the CDMA iPhone, I bought QCOM and made a 20% profit. Plus I added to my existing VZ position, now up 25% plus dividends.
If I would have just bought AAPL, I would have watched the stock ramp 100 points/40% since September. It gained $100 billion in market value. Between one earnings reporting season the stock gained $100 billion in market value.
Now I ask you; do you think the new iphone is built-in to 10x perfection? It obviously doesn’t matter because every hedge fund keeps buying day after day. In fact, in just one week, the stock has added about $20 billion in value.
Are these people insane? Maybe it is I who is nuts for not owning it but it will continue to ramp without me. I am almost ready to make a bet that this is the Swan Song of Apple.
Let the flames begin!
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Yeah, I’ve heard someone mention the VZ iPhone top before.
I for one am just happy to see it out just so I don’t have to hear about it anymore.
Now I think you are just trying to steal blog traffic! 🙂
That said, if I was an insider with vested options I’d be cashing in!
all the indicators point to an overbought condition on appl,but i think most people who are holding have this feeling that it has more room to go,on friday it was given another pt of 380. coupled with verizon,who said “last year” that they are “hookin Up”.with aapl,so holders think that after today’s action there could be more upside. and with earnings right around the corner for them,that shares are still being accumulated. personally when i bot the lot that i have now,my target was 325,and that price action has been consolidating now,but closer we get to earnings and after is where you’ll see some “brutal” profit taking. me, i’m hoping to unload just a few to cover my investment,and the rest will be free. you got to think though, this company actually makes things, and has been the only nucleus that has held up the naz for the last 3 yrs………………next Q for vz is gonna be a killer. i missed the divy this Q,but if your holding from ex date till next Q, your making coin.
I don’t see why there can’t be a real pullback, but AAPL is growing revenue at 50% if I remember correctly. And the story nowadays is not the iphone but the ipad. Plus Apple TV, which will encroach on netflix and others…
Agreed. Apple’s price is based on their ability to innovate further. However, innovation is sporadic and can’t be counted on. First year they fail to create the next iPhone, iPad, iPod is the year the stock dies.
All great points by those above … Howevah, have you been to the mall lately or your local Apple store … never seen a store as jammed packed as that store, every time! Was there this weekend, so crowded I had to escape, I asked ‘when’s a good time to come back less crowded’, the 20 something girl who worked there just laughed at my honest question.
Just my 2 cents ….
Fine and dandy. There is no consumer product that is worth $310 billion…
scott,you remember when the Beatles hit the scene.now,look how many years after that, their popularity,and the love affair by the people being so strong that there is no way to take something that is set in peoples hearts, and not love them, for so many years. the love by these aapl worshippers is the same. given time,when this “love” spreads in other countries, as it is developing now like wild fire aapl will be worth a half trill or better,its only inevitable,by the popularity alone. throw a mac,and a pc in front of a kid today, then watch em……..its easy to accept a company that actually makes something and be worth whatever…………my beef is,how the hell can a “make nothing” company like pcln warrant it’s price. thats more of a joke to me than appl’s price
The hell with AAPL, if you want to see insanity in action look at CRM or OPEN. A timely short in AAPL could turn out to be chump change compared to those two.
BTW Scott thanks for the heads up on LLL a couple weeks ago. Sold out Friday and it was nice.
Bought some AAPL 310 puts yesterday…if it cracks, we all know the market will crack too.
aye. that is the thought. when aapl goes down, everything else will follow.
agreud,even though they have been single handedly holding up the naz since 07.jefferies just came out with another pt on aapl, 450. man,all i got to say is,get your exit strats ready and nimble.and almost focus on nothing else except when it comes time dump,you’ll need all the elbow room to manuver
Don’t short the leaders, they always fall last
Pick on the garbage
Not to mention the fact you are trading countertrend
January effect is in effect….hope you follow my advice….$$$$$
and “that was”?
My advice is …BUY BUY BUY until the end of July…..I think Scott might be crying with his VXX trade….poor guy…..He should call me for some advice or better yet he can come over to my house since he knows where I live and we could talk stocks and drink some green mountain coffee which he likes.
show me one trader that has never lost a dime, and i’ll show you a liar, is all i gots to say
Up Up Up we go….make sure you tighten your stops or sell your stocks per Scott…ho hum and people pay coin for this advise….ouch and buy VXX double ouch…guess he didn’t learn with fly’s adventure with that security.
stops are for wienies
“What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.”
W. O’Neil
Ain’t that the truth. That’s one of the adages I find the hardest to follow,and time and again, I’ve found stocks I love too expensive and have refused to buy, and they’ve gone on to double and triple. AAPL is exhibit number one.