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Re: junkHustler post# 3689

Sunday, 06/03/2012 7:39:57 PM

Sunday, June 03, 2012 7:39:57 PM

Post# of 4675
Junk and Ed and anyone else sharing that perception, "the market is always right"..... it winds up being reduced to a tautology: "the stock is currently this price because the stock is currently this price."

So, when Apple (AAPL) was $80 a share in the market nadir of late 2008 into early 2009, was one crazy to have bought it at $90 or $100 a few weeks earlier? How about if one bought it at $100 or $150 on the way back up?

The price at $80 at the nadir was just a BRIEF SNAPSHOT OF ITS VALUE AT THAT MOMENT IN TIME. The supposedly "rational" market doesn't tell you anything about what that stock would be worth 2 years later, or three years later. AAPL has earlier this year hit $640 and, after correcting to $530 is back up to, what, around $570.

If you thought "the market was right" about its price at $80 or $100 around 3 years ago, and didn't load up the truck, you missed (as many of us did) a huge gainer. Me, i bought at $205 and sold at $530.

SO also: those who believe in the longer term value of AMY shares(not looking so much at short term or medium term) may know something the allegedly "omniscient" market knows..... Just saying.