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santafe2

03/25/12 2:49 PM

#60017 RE: cadillac107 #60014

On Nick's site I only really talk about buys/sells I make in an account focused on long term PM holding and short term equity trading. The average hold time for equities is about 60 days but can be as short as a few hours and as long as a couple of years. In this account I focus on PM, speculative issues and on solid large cap stocks when the market is down.

I am planning to start reporting on a self managed income producing account that I'll begin building later this year. As I get closer to retirement and this long precious metals run comes to an end, I want to be prepared to manage an account that will produce enough income that my wife and I can live on it for the rest of our lives. That will require dividends and other income producing entities.

When I consider AAPL, its only value is management's ability to continue to grow the bottom line. I remember the lean years when Jobs left - or was pushed out of - AAPL. In the 13 years from 1990 to 2003 the stock gained zero unless you were fortunate enough to sell at the top of the tech bubble. When considering non-income producing stocks, there are lots of them I'd buy before I'd buy AAPL. Without Jobs I give them a 80/20 shot at hitting 300 before they get to 1200.

Companies like AAPL don't create great products based on good management. If anything, good management tends to manage genius out the door to a new start-up.