Replies to post #64797 on Apple Inc (AAPL)

[roni]

coreguy wrote:

"I've often said that I am long AAPL for the foreseeable future EXCEPT if I thought he would quit, retire, get sick, or...get pushed out by the options backdating thingie. So, I stayed long and it's been quite a day."

There have been three times since the Fifty dollar range that I have sold all of my AAPL - twice in the pre-market session. All of those were related to the options backdating issues. Each of those times I bought back within a couple of days to a week.

It is the only cloud on the horizon, Steve's future, and I am not sure I will sell again because of it - that does not mean I won't have trailing stops on a portion of our AAPL positions, but I think the Apple Inc. is going to be a growth monster for as far down the road as I can see (may not be very far).

Steve's departure, voluntary or otherwise, would have an immediate impact, but I think I would have to consider it as being a potential buying opportunity - depending on what happened after that. If it were options related, he could conceivably get tossed from his executive position but st

[spitsong]

coreguy re: speculation

When people were speculating that today Steve brought his family to the keynote to announce his retirement

That was me. I had a meeting to get to, I would be away from a computer for about 90 minutes, and I had a big gain to protect. When I heard that Steve's family was at the keynote, I inferred that there was a fair chance that he might retire -- I have suspected for some time that there was some chance that his health issues might recur. I was very happy for him and his family when I saw that he looked hale and extremely chipper onstage, allaying my concerns about his health, but my caution cost me more than a little in lost gains.

AAPL dropped $2 immediately after I put in my order, actually, but after that I was in transit, and by the time I got back to a computer the damage was already done.

Bummer.

Bottom line is that I'm out. I'll probably buy back in, as AAPL looks like it has nowhere to go but up this year.

I sincerely hope that others were smarter than me, and held when I sold.