Investor in the Wilderness - Latest Comments in Apple Investors Is There a Bottom in Sight?

Re: Apple Investors Is There a Bottom in Sight?

chourobin — Sun, 05 Oct 2008 15:27:51 -0000

Do you think a fed interest rate cut would prop the market back in the right direction?

Re: Apple Investors Is There a Bottom in Sight?

Zoe — Tue, 30 Sep 2008 14:23:07 -0000

http://www.zacharybass.com/forum/viewtopic.php?...

Re: Apple Investors Is There a Bottom in Sight?

Constable Odo — Tue, 30 Sep 2008 11:43:21 -0000

Well, I guess you're going to be blamed for pulling Apple's stock price down since you said it had a good chance of dropping. You'll have to bear a lot of responsibility for this one. Apparently a number of analysts are letting investors know that Apple investor's dreams of $200 by the end of the year have gone up in smoke. Huberty giving a target price of $115 and Citi giving a target price of $170 down from $287. Apple zealots really believed Apple was going to $250 or so and were claiming it was undervalued at that price. Wow! Anyone that tried to tell them the stock was going down was considered an Apple hater. We all have opinions and it doesn't mean we hate something just because our opinions are somewhat negative or pessimistic. I bought most of my 1000 shares of Apple before the split, so I'm not going anywhere and I'll just weather this downtrend for six months or so (I hope it's only that long).

Anyway you turned out to be correct as Apple traders bailed out on lowered expectations. LIke they didn't see that one coming by just looking at the overall state of the economy. I'm really disappointed on the recent turn of events since I also had 100 shares of RIM I had bought at $106. Maybe some of these people will learn a lesson about not being so arrogant when they hear the terms "sure thing" and "recession-proof." I guess it's just part of being a zealot to be defensive if somebody says something they don't want to hear. You tried to warn them, but they wouldn't listen.

So be on the lookout for getting blamed for Apple's stock decline. They'll say you caused it. Just own up to bringing the whole stock market down by writing your opinions of why a stock might go up or down. Glad I'm not in your shoes. Hopefully a few people will learn to listen to what you are saying and won't end up throwing all their money away on false hopes. Just keep plugging away with your advice.

I'd like to believe that Apple will recover quickly when the economy recovers since it is a sound company that is expanding with it's retail stores all over the globe. Market share will continue to increase. They are still hiring even in this time of layoffs. I'm not overly concerned in these bad economic times, yet I'm unhappy that it's going to take longer to see that $200 a share price anytime soon.

Re: Apple Investors Is There a Bottom in Sight?

Thom — Tue, 30 Sep 2008 06:22:34 -0000

Zack, I gotta tip my hat to you for trying to bring rational thought to the asylum but lunatics are on the grass. We can bet on the movement of the rain drops but it's only fun with a Long Island Iced Tea in hand. For me, sit back, analyze the movements and look at the long term ramifications and the short term reactions but save your cash for booze.

This was sent to me by my brother-in-law, a bond guy with JP Morgan:
If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left. With Fannie Mae, you would have
$2.50 left of the original $1,000. With AIG, you would have less
than $15 left. But, if you had purchased $1,000 worth of beer
one year ago, drunk all of the beer, then turned in the cans for
the aluminum recycling REFUND, you would have $214 cash. Based
on the above, the best current investment advice is to drink
heavily and recycle.

Amen!