Down from what? 700 a few months ago to 460 today. They need to up their game and stop selling crippled iOS devices if they want to survive.

Ha! If every American company were doing as well as Apple, America would be in MUCH better shape. Don't confuse such vagaries as stock price with performance. Eventually the share price will be more reflective of the company's earnings, growth, and true value, but emotion is often a major factor in determining stock price in the short term.

I'm buying more shares today. By every reliable measure Apple is one of the most stunning success stories in business history.

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" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles

It's fun to watch, though. Here's to a rough, volatile, stock market in 2013. Chaos == opportunity.

Don't buy Apple stock unless you like roller coaster rides. (The valuation is a screaming buy right now)
Apple stock has always been volatile; I owned Apple before the tech wreck of 1999. Bought @ $38
I woke up one morning to see my 'smart buy' a few days before has lost 40% of it's value in the low $20's. I sold and never got back in.... Of course in hindsight...

__________________

"Our Lady of Blessed Acceleration...
don't Fail Us Now"

Yeah, it's a regular death spiral. I bought Apple between 20 and 30 dollars and have held it since. Other than buying some gun co. shares a year or so ago, it's my last connection to the silly stock market.

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You're a daisy if you do.
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84 Euro 240D 4spd. 220.5k sold
04 Honda Element AWD
1985 F150 XLT 4x4, 351W with 270k miles, hay hauler
1997 Suzuki Sidekick 4x4
1993 Toyota 4wd Pickup 226K and counting

Tom,

I watched Jim Cramer last night.......
he spends the first 10 minutes or so talking Apple.

Mad Money, January 23, 2013 - CNBC

Why didn't you sell when AAPL was high (which it still is relative to your basis) especially prior to this year when the cap gains tax increased? You're talking about a huge increase in price, even from $20 to $450.

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1983 M-B 240D-Gone too.
1976 M-B 300D-Departed.

"Good" is the worst enemy of "Great".

Dee8go, you hit it on the head regarding emotion being the driving factor in stock prices. The company is definitely a commercial success story ($137B in cash?!?!) but the stock was overbought and is finally coming down toward sensible prices. I think it's still overpriced and not a good buy. Of course my opinion and $459 (for now) will buy you a share of AAPL.

__________________
1983 M-B 240D-Gone too.
1976 M-B 300D-Departed.

"Good" is the worst enemy of "Great".

pump and dump?

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Not MBZ nor A/C trained professional but a die-hard DIY and green engineer. Use the info at your own peril. Picked up 2 Infractions because of disagreements. NOW reversed.

W124 Keyless remote, PM for details. http://www.peachparts.com/shopforum/mercedes-used-parts-sale-wanted/334620-fs-w124-chasis-keyless-remote-%2450-shipped.html

1 X 2006 CDI
1 x 87 300SDL
1 x 87 300D
1 x 87 300TDT wagon
1 x 83 300D
1 x 84 190D ( 5 sp ) - All R134 converted + keyless entry.

What goes up must come down. I'm sure a lot of people have made money with apple but to me it makes no sense. Things change so rapidly and looking to what happened to RIM, your fortune could be lost any day.

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1984 300SD Orient Red/ Palomino
1989 560SEC
2016 Mazda 6 6 speed manual
1995 Ford F-150 reg cab 4.9 5speed manual

Yes, look what happened to RIM . . . single product line like Nokia and Ericsson. The more apt comparison would be Sony. They used to be the leader in multi product lines, but they were too big to be agile in the marketplace, made the wrong turn on MP3 files and got beat in nearly every market segment they used to dominate.

I bought GE stock at $9 and $6 a share, $25K worth....now its worth $68K in less than 3 years and I'm happy.

I've bought Darden restaurants at $9 and sold 1/2 when it was $55.

I've bought General Mills for years and made plenty on stock splits and dividend reinvestment.

Let's hope the North Koreans chose the iPhone 5 Map program for their new ICBM's! Then they will hit China or Nigeria instead off Washington, DC!

I don't plan to sell it. It's just money and it's going to my kids and their kids, if the little peckerwoods ever have any. Even if it falls to 20 dollars, an unlikely scenario if ever there was one, it's stlll money in the mattress, and it's money in the mattress that reproduced on it's own. I participated in all three of Apple's 2 for 1 splits, beginning in 87. I bought a thousand shares initially with part of an inheritance in 84 or 85. You do the math.

__________________
You're a daisy if you do.
__________________________________
84 Euro 240D 4spd. 220.5k sold
04 Honda Element AWD
1985 F150 XLT 4x4, 351W with 270k miles, hay hauler
1997 Suzuki Sidekick 4x4
1993 Toyota 4wd Pickup 226K and counting

I think Apple is facing the same realignment that IBM had to do 10-12 years ago. Known for their proprietary operating systems and networks, they had to "open up" to become competitive again.

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1985 380SE Blue/Blue - 230,000 miles
2012 Subaru Forester 5-speed
2005 Toyota Sienna
2004 Chrysler Sebring convertible
1999 Toyota Tacoma

That's some good math. Sounds like you have done well. That's sound reasoning in my opinion especially with the amount of cap gains tax you would pay on a sale and the fact that heirs get a step up in basis.

__________________
1983 M-B 240D-Gone too.
1976 M-B 300D-Departed.

"Good" is the worst enemy of "Great".