Apple Inc (AAPL)

[spitsong]

That's funny!

Seriously, ace is chiming in again?

Better yet, he's asking what happened to the "$75+ BILLION" (it's actually $70B in market cap) that Apple has lost in the last two months?!

The obvious answer seems to be that it went into the same hole as the $86B in market cap that Microsoft has lost over the last four months.

For myself, after buying AAPL at $87 about a year ago and selling it at $188 about 4 months ago, buying 2/3 of it back at $183 shortly thereafter (and moving the other 1/3 to cash), while I could be happier, I'm still pretty darned happy -- I'm up about 66% in a year on my AAPL, total, with room for significant upside from these reduced levels.

I haven't been watching the ticker lately, mostly because of too darned many other things to do, and so the first I learned that AAPL had a big bounce today was reading your post. I'd previously noticed that AAPL was looking like it would hold $120 and was thinking that maybe it was getting to be a good time to recommit that remaining 1/3. I'm not quite ready to do so yet, however, as the economic outlook is still uncertain, and frankly I can afford to wait and see before making the "buy" decision. So for the moment I'm in a wait and see mode.