Buy and ipad or ipod if you like the company and it's products. I don't understand how owning the stock as it's dropping has anything to do with being a fan of the company or the products.
Apple Inc. (AAPL) -NasdaqGS 461.98 12.00(2.67%) 1:18PM EDT - Nasdaq Real Time Price It's not dropping.
I bought them when it was $88 a share. Even at the lowest drop, I am still 3 times my investment. I have already made a shit ton when I sold 900 at the $300 something mark a couple years ago. I am playing with house money. The stock could drop all the way to zero and I still made hand over fist money on the shares. I like owning a piece of the company I am such a fan of. If there was any opportunity to own a little of the Blazers, I would jump on it too. You are looking at this at an investment standpoint. I have enough money strategically invested for growth, long and such. I can keep my 100 shares of apple until the day I die (If the company is even around that long).
I like seeing these types of statements, because it is this type of irrational and illogical thought process that, in my opinion, makes the efficient market hypothesis false. Like I said, buy an ipod, an ipad and an iphone. You'll accomplish the same thing. This is hilarious to me because you have this completely (self-admitted) irrational approach to holding your AAPL shares. Yet earlier in this thread you wanted to try to make a fundamental-based valuation model to determine what the shares are "worth". It is interesting to see somebody admit they have absolutely no care for the fundamentals of the stock to keep them holding, yet will put faith into a fundamental valuation model to tell others what it is worth.
LMAO thanks for the bash on my rational. I guess you can say the same thing to the man buying a "collector gun" right? http://www.bornrich.com/entry/1836-rare-colt-revolver-fetches-1-million-auction/ You have already admitted earlier in this thread that the market is 80% emotional. Buying an ipod or apple computer does nothing to satisfy my fanaticism. Also, this fanaticism got me to buy 1,000 shares of apple when it was $88 a share. This was when so many talked about apple going close to belly up. That fanatical move made me 400% in less than a couple years. Have you ever made 400% in ETFs in a year in a half?
No. A gun collector or car collector may actually use their collections or have them displayed because they like the aesthetics. Having a little statement in your brokerage account doesn't resemble anything like a collection. Don't get me wrong...I do think that the market is mainly emotional, and I'm glad to see you're approach to the market is as well. If the Efficient Market Hypothesis is true, and the market was anything near rational, then stock picking and any other type of strategy to attempt to beat the market would never work, by definition. So, thank you. Nope. But I've also never had a 45% drawdown. Nobody cares (or at least, they shouldn't care) about gains that aren't risk adjusted. Interestingly, one ETF I trade is up 360% in the last year and a half with only a 30% drawdown.
You are trying to tell someone what is a collection. I guess you know all then? LOL. A collector doesn't need the actual object they are collecting. You are most welcome! And I repeat, I gained well over $200 per share when I bought it for $88. Let's do the math shall we? I bought 1,000 shares for $88 ($88,000). I sold 900 shares for $300 (I think it was closer to $290 something) = $270,000. I still own 100 shares of apple valuing at 461 right now ($46,100). In three years, I took $88,000 and turned it to over $300,000. Even if I keep the 100 shares and apple goes out of business, this venture still netted me $182k. So you can call me stupid or emotional all you want. My move netted me a big payload! Well, I have had a good 6 months so far. I am already well above the average!
Been in business since 2001 and have averaged a growth of 20%, even during the recession. My employees are fine. Thanks for your concern though.
What does posting the price have anything to do with selling? I am just reminding Denny and any other that thought that apple was gonna keep dropping that they were dead wrong. Also, I wanted to make sure anyone that thought I was a fool thinking Apple would get to $500 was DEAD WRONG. Since I was bashed on the pricing since it was a $385 share 3 weeks ago, Apple has risen 78 a share.
You answered me below. You don't actually care how well the stock does. You're just concerned about telling people you were "right". Were you sure to tell people you were "wrong" when it fell 45%?
Yes I am clearly telling people I was right. And FYI, you should read the thread when it was dropping. I clearly said it was going to drop more, then should buy when it was at $420. That would net you a $40 profit so far.
