All fair points. I know you guys like to be right way more than you like to be happy so I'll let it go.
It has nothing to do with being right or being happy. It has everything to do with trying to make the most money, while containing risk, with the strategies I use. There is no reason to be in the stock market if not for maximizing risk-adjusted returns. I'm not willing to sit through 20% drawdowns (or 40% from October 2012), especially on individual stocks. If yours or Mags' strategies allow that, more power to you. Everybody has a different approach. But even with the recent run up from AAPL, it is still underperforming the S&P for the year and the last 3 months.
It's in good shape. The new OS for the mobile and computing will be released this fall. Not to mention an upgraded phone, new tower and possibly new displays. Obviously, the TV and watch is under watch too. I'm very happy where the company is going.
It's under performing the S&P. A new OS to make a significant difference in revenue? The "upgraded" phones have been pretty underwhelming lately. Regardless, the point is that while Apple could end up being a great stock choice at some point in the future, it's fresh off a 40% drawdown and under-performing the index. Speculating a time frame and a stock price doesn't seem like a good strategy.
The 5C will help that; expanding into emerging markets with an unsubsidized phone will be a big deal.
http://m.us.wsj.com/articles/BL-MBB-6406 “This is a pretty definitive indication that everyone is buying into this breakout,” Kosar said. He said the next key resistance area is the $506-to-$522 range, which was previously strong support at the May and November 2012 lows. However, Kosar targets an eventual advance to $555.
There's the break above $500. It will be interesting to see where this goes. I don't think it is overvalued, but I'm not buying the stock myself.
I can agree that this is volatile. I have no way of knowing either. I'm actually pretty confused right now.
I have enough exposure to AAPL with my index ETFs, there really isn't any reason for me to buy the stock outright. But I still keep my eye on it for fun.
Yeah it got too expensive for me after it went +300. I just like buying into stocks of at least 1,000 shares. I don't have the cash to buy more than what I have now.
Unfortunately, timing is the most important aspect in the stock market. I could have told you that AAPL will go above $500 by 2020, but that doesn't do you much good.
The iPhone 5C and 5S are coming out at the end of this month. Looks like a great upgrade for the 5S (128gig HD, A7 processor, new OS, fingerprint security, etc).
I heard there is a dual flash and high MP camera, supposedly the best camera in the market for smart phones.
