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Good post. My thinking exactly!
Gotta give AAPT credit for the pics with celebs. Nice marketing idea. Go $AAPT.
Don't know where you live but I get Hallmark here in Delaware with Direct TV. I think Direct TV is national, or is it only in Delaware?
Just watched Tim Cook interview on Rock Center at 10:00 PM EST. This was the first time he had a TV interview. I thought he did very well, and showed some CEO ability that has been hidden since Steve Jobs passed on. He seems committed to Apple quality and innovation. Even smiled like he couldn't say anything when questioned about Apple TV. He did say that TV needs to go to the next tech level and that's what Apple does best. Didn't get into stock price but said that Apple is committed to continue to bring quality changes. I'm long so I think Apple will continue to do well and I see continued growth the next few years. There will be ups and downs but long term, there will be more ups than downs. I think that each end of year the stock will be higher than the previous year, so I'm really not worried about weekly or monthly changes. Also, gotta love the dividend.
Went to .03 then down to .029 at 9:50. Good opening.
You may have to wait until Tuesday since the 3 day rule doesn't count holidays (Thursday), which means Wednesday, Friday, Monday, then free to buy Tuesday. I've done the same thing in the past and had to wait 3 full days.
Nice comeback the last two days. I held on to my shares wondering if that was the right move. I could have sold and bought back but not sure when the bounce would occur, so I kept everything on the way down, and can now start to feel better on the way up. Did you get back in before the bounce? Hope you did cause I know you are bullish on REs.
PEACHMAN - Reply if you see this message. We go back to AMNE days. Want to see if you are in TGGI and share some thoughts.
KngmAz - Congrats for making a cool 20k today. Hoping this is the beginning of a great run. If all of the retailers are really going to stock AAPT products starting as early as December, we might actually hit that $1 target that you have talked about. I'm patient, so I'll be happy to see .10 then .50 and if it makes $1, just frosting on the cake. Always appreciate your posts.
Forward
Back in May I questioned why you thought Apple would go down to 425 to fill the gap before it would hit 700. Well, it did hit 700, but it is getting closer to the 425 number. Even though I am disappointed it has dropped and has cost me some money, I am interested in why it did drop. Seems like you were on target. What is your call now?
Also added today. Buy low, sell high!
I saw a post by someone who pasted a news release telling of the Food Lion agreement. This was only a few days ago. Unless I misread it, I'm pretty sure it was a recent agreement. I know this has been in the works for 2 years but I think that whoever posted that would know for sure. If I recall correctly, I thought the article even said it would be in Food Lion shelves in December 2012. If anyone knows for sure, would appreciate a repost.
Patience is a virtue they say. I know some people have been waiting a long time for AAPT to deliver products. With recent news releases and some contacts with management, it appears progress is being made. I, for one, am willing to sit tight and see what happens over the next several months. Let's see if the Central Pet Distribtuors, Food Lion, TJMax, Giant Eagle, Walmart, Pet Stores, etc. start to carry the products. Even if they get the products on the shelves in December, give it a few more months to actually give the stock a boost. Many people jettisoned too soon with companies that delivered after they lost patience and got out too soon. How many stories have we heard about Microsoft and Apple struggling and people got frustrated and got out only to regret it later. AAPT is certainly NOT either of these companies but just when things are starting to look promising with contracts with distributors, is not the time to leave. Historically, Microsoft had their IPO in 1986 and opened at $21 and went to $27 the first day. It had ups and downs and I'm sure many people left when they made a few bucks. With stock splits, One share of MSFT purchased for $21 in 1986 would be worth $8000. Likewise, AAPL had its IPO in 1980 and went for $22. Today, counting stock splits, one share would be worth over $4000. Keep in mind Apple had their ups and downs too, with Steve Jobs even getting fired along the way. Just trying to say, don't expect too much too soon and stay for the long term.
And the best to you also. Thanks for sharing your thoughts. I am planning on keeping mine also for awhile, but would like to see some positive movement to go along with the seemingly positive reports that keep popping up.
What happened? Just a few weeks ago you said that you spoke with the CEO and you were convinced big profits are ahead. Now it sounds like something has changed your mind.
Thanks.
I am thinking about selling MCP, AVL and REE. I like Rare Earths but they have fallen so much during the last two years, I can do better with other companies and get back in when the RE segment improves. I like your candid comments. Any thoughts?
PROTECT ALL: I appreciated your post. It was refreshing to see a post that seemed to be based on logic not hype one way or the other. The hypes are from both sides. I am long with my first purchase of Apple about 6 years ago for $80. I could sell at any time with a good profit by I think I can still make more money here than with other stocks. I'm fine with a drop until it hits the $500 range then I might think about selling, however, I do think this will rebound if not by the end of the year, certainly in 2013 and will hit $700 $800.
Paul Mitchell dog wipes are $9.95 per 45 count. I posted a few days ago about when I visited Homes Goods in Delaware and if I remember correctly, the 45 count was $9.95 list but were 7.95 at Homes Goods. If anyone wants to check my post out, please do as I'm not 100% sure about the $7.95 number, but it was discounted like Home Goods and Marshall's do. Just trying to compare Pawitzer with another product. BTW, they didn't have any Pawitzers.
How many shares do Barry and Lisa own? This is a good indication of a company's success. Someone posted that they have $1M of their own money invested. If they own ton of stock, then they have even more incentive to have the share price increase.
KngmAz: I like your posts. Keep whatever news you have in your posts. Readers can take it or leave it, but you do seem sincere so I, for one, take your comments to be positive from what you heard from the CEO. Before you spoke with him, your posts seemed negative so something has changed your attitude and I take that as positive.
Home Goods report. Just came from Home Goods in Delaware and while my wife did her shopping I ventured to the pet area and didn't see Pawtizer. Oddly, there was a pet sanitizer by Paul Mitchell, the hair and cosmetics company. Their sanitizer had 45 wipes for $12.00 but Home Goods price was $7.95.
Nealg: Good post. I agree with what you are saying. I sent water a post a few days ago asking almost the same type of question. Namely, what is your analysis based on? Anyone can throw out a number...it will never hit 700 again....it will hit 350...I told water that I am not in a whose is bigger game. I really don't care who has a faster, better mouse trap...I'm trying to make money and I think Apple is as good a company that there is to make some money. So if there is a reason to give numbers, say so, don't just give a doom and gloom forecast and then go ha ha when Aapl drops. Seems like these guys like to bust some chops and get attention. I know you can't always trust price targets but it's funny that all of the big time analysts are still saying 750 - 850 price targets with reasons like you pointed out. If someone feels different, please explain your position, just don't make statements without backup. BTW, water didn't respond.
Water262 I have been reading your posts and you seem to be correct. In short, what is your reasoning? Analysts are still bullish ( including Cramer) with 800 - 850 price targets. I'm not an Apple techie. I'm really in to make money so I don't care about who has the best, fastest, most functions, etc. doesn't matter to me. Is this a downturn with an upturn in a few weeks or months, or do you really see this as Apple has peaked and will never see 700 and higher again?
Sorry, not sure what you meant. Do you think DSCO is going to $8 ?
Gotta love the naysayers. For two years now, they have always been saying how low it will go. Six months ago, they were saying it will drop to 450. Well, here we are at 660. Down from 700, but it is at 660. When it hits 800 ( who knows when, but it will), they will say it will drop to 740 and it probably will, then go to 850 in 2 months. Apple is poised to hit 1000 ( it may take a year or so) and will fall back from time to time, but the trend is there. Look at the forecasts, projected revenue and earnings. This stock has legs for the next two years at least.
AlanC Cloud computing is the new tech area to grow like MSFT and AAPL. Finding the right one is the problem. Care to share the company you are looking at or don't you want to disclose it. I understand if you don't. I have been looking at Cloud companies myself but haven't found one I can say I'm comfortable with enough to invest in. i bought AAPL at $80 and finally bought more when it hit $600. I still think even at that price I can make some money. Always looking for opportunities.
Stockpro333 $950 sounds good. What is your source?
Canadapetro - keep posting. I find them interesting. I think we can figure out pumping vs information.
Videos of Project Phoenix at the Mountain Pass site show good progress. Go to the MCP web site and you can see virtual tour and aerial fly over of facility. I would say encouraging progress.
Canadapetro Loved the blast off. Hope MCP does the same in the next 12 months
Does anyone have a feeling where MCP is headed or will end up by the end of the year? I know you can't predict for sure, but are there any thoughts out there based on reasonable analysis.
Forward
I understand what a gap is and the theory to fill it, but I it always isn't a certainty. Are you saying Apple will hit $425 before it hits what many analysts are predicting it to hit between $700 a $1000? You seem much more knowledgable than me so I value your opinion, but it just seems really going against the professionals who make no mention of filling the gap.
AAPL $2000 Fortune Magizine
Andy Zaky, an Apple analyst, just published in Fortune that Apple could reach $2000 by 2015 based on 14 times TTM with projected sales of iPhones shipped of 55M in 2013, 80M in 2014, and 110M in 2015. Article also says Andy has been far more accurate than most analysts in past projections for other companies.
How do shorts work? I understand the concept but how are shorts bought? Are there several with different price targets with dates or just one per month? Why is everybody thinking that the shorts are going for a squeez. Is there a certain number they are looking for? Is there a site where someone can buy a short option for AAPL so I can see how it's done? I bought the stock 5 years ago for the long haul and still think it has growth ahead but can't understand why it has gone down with such good performance. Every analyst has it to go to 700 to 850 with some even projecting 900 - 1000. Is this shorting a bump in the road and when will it end and get back to stock growth based on performance? Any and all explanations are welcome.
Merrill Lynch just projected Apple to hit $810. And keep in mind that ML is so conservative they need to have consensus before suggesting that the Pope may be Catholic!
Kimber1911 Care to share the stock that went from .0001 to .0019 or has the opportunity passed?
I understand where you are coming from. I too own GE, IBM, JNJ, CVX for long term growth but 3 years ago I bought AAPL because of the potential of a 5 year window of opportunity, and it is paying off. If it drops I have an out so I have made more money than the stable companies that I have also invested in. Best of luck to you as well as the Apple investors.
Laize - why not ride the horse and have a stop loss for say $550. That way you can get the profits and be protected if a fallback occurs.