Any other RJ members watch the market?? Look at Apple Stock soar!!

  • MikemikeMike

    Posts: 6932

    Feb 21, 2012 11:45 PM GMT
    Apple AAPL wow 12 dollar jump today to 514.85
    Wish I bought more when it was 155.00. I remember not too long ago when it was in the 70's range.icon_redface.gif
    also Dollar Tree (DLTR) is 89.35 did get that at 38.77

    My Dad said you can never say "IF" only. Cause my uncle always said if your aunt had balls she'd be your uncle!

    Many are hard to predict but it beats keeping money in the bank or a cd with those shit rates.icon_idea.gif

    What stocks do you guys buy/follow??
  • fbformula

    Posts: 10

    Feb 22, 2012 2:06 AM GMT
    AAPL jumping 100 dollars so far this year alone is..... amazing. 25% in 2 months in a company as stable as Apple, cant beat that Wish I was in it. Unfortunately I pulled out when it was like 320, wish I coulda stayed but had to move some things around icon_sad.gif. I don't watch the market as close as I used to, as I don't have as much time or money to play with at the moment. But I would suggest watching Ford, short term, not so much, not a lot to get excited about right now, but as a longer term investment, Ford looks damn good. As long as Europe doesn't start making more of those headlines the market loves oh so much.
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    Feb 22, 2012 2:15 AM GMT
    I told clients to buy it a few months ago when it was at 360. Sadly, I also told them to sell a convered call against it for $55 with a strike price of $400. Result? They'll only make $95 a share, where they would have made $200 if they'd just bought and held.
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    Feb 22, 2012 2:41 AM GMT
    Currently in Energy sector which have brought me great gains between 36% to 20%, CLB and XTEX.icon_biggrin.gif
  • Suetonius

    Posts: 1842

    Feb 22, 2012 2:54 AM GMT
    I have a friend who still has some of the AAPL that he bought at 13. Wish I had. I sold half by AAPL position at 380. Waiting for the rest to get to 600.

    I do try to diversify so my eggs are in a number of baskets. Have a substantial percentage in energy MLPs. Also was able to get some BAC preferred when it was paying 9%+, and have some NLY, paying about 15%, and SLRC, paying about 10%.
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    Feb 22, 2012 2:55 AM GMT
    I sold all my AAPL when it $500. Made a pretty penny.
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    Feb 22, 2012 2:55 AM GMT
    Dow Jones hit 13,000...the first time since 2008. It must be Obama's fault. The scoundrel. icon_lol.gif
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    Feb 22, 2012 3:07 AM GMT
    meninlove said Dow Jones hit 13,000...the first time since 2008. It must be Obama's fault. The scoundrel. icon_lol.gif


    Wicked isn't he?
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    Feb 22, 2012 3:14 AM GMT
    I've been holding onto Caterpillar stock for a while now. It's over 100% return. I bought and sold GE a couple of times, and cashed in all my chips. Most of my stuff is in mutual funds or boring blue chips.
  • okologische

    Posts: 471

    Feb 22, 2012 3:25 AM GMT
    i bought it when it was $90 suck it!!!!!!!! hahaha
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    Feb 22, 2012 3:27 AM GMT
    Maybelline (Pre-1993), Zion Oil & gas, AgFeed Industries, Inc
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    Feb 22, 2012 6:01 AM GMT
    who do you all use to trade your stocks? i think my bank is charging me too much

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    Feb 22, 2012 11:32 AM GMT
    txguy1605 saidwho do you all use to trade your stocks? i think my bank is charging me too much



    I have a Schwab account.
  • melloyello

    Posts: 149

    Feb 22, 2012 12:05 PM GMT
    Ugh, I bought Apple at 7.40 back in '03. Rode it all the way up to 80 when it was said it had flatlined.

    My personal best is a shit-ton of FCX I bought from $17-18. Went all the way up to $110 and I sold a few shares. Right now after a split its sitting at $44 after a 2:1 split. The dividends basically pay my property taxes and insurance on my house.
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    Feb 22, 2012 1:06 PM GMT
    Companies go through life cycles.... they start out; they prosper and some hang on for a very long time until technology changes. Countries go through cycles as well....aaaahhh.

    The thing is.... if you can spot these cycles and get in on them and sneak out near their peak you'll do just fine. Don't be caught near the top. Look for companies that are making a profit (and not paying a dividend); have a unique product: they are in demand; or they're ripe for a takeover. These will give you the most growth for your capital.

    For retirement look for a dividend. Here's the kicker though... get out when interest rates go up... go for the GIC's. Also, if interest rates go up or inflation goes down .... gold will drop. Oil on the other hand may go down, but never below what it costs to pump it.

    I only buy Canadian stocks so i did lose out on Apple, but i picked up on a few others..... it's all good....
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    Feb 23, 2012 8:05 AM GMT
    So jealous of you APPL stock holders icon_sad.gif
    In 06, I had been following Apple pretty close because I was very interested in getting into the stock market. The stocks were only $60 at the time, and that was when there were talks about the first Iphone to come out in 07, and I had a feeling that it would be a hit just like Ipods had been. But seeing as I was only 17 at the time, I obviously didn't have the funds to dive into the market. Nor did I have anybody who was willing to back me on such an endeavor. Resulting in me still being bitter about the whole thing lol.
    So, kudos to those who got in early!
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    Feb 23, 2012 7:23 PM GMT
    I wish more RJ guys were into finance. Long term it's as important as the gym!
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    Feb 23, 2012 10:20 PM GMT
    meninlove said Dow Jones hit 13,000...the first time since 2008. It must be Obama's fault. The scoundrel. icon_lol.gif


    Yeah, it is his fault that he bailed out Wall Street banksters who are now getting off like gangbusters while the middle and working classes continue to falter.

    The dow hitting 13,000 is doing jack squat for middle and working class wealth, which is dependent on material goods and jobs.

    What a scoundrel!
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    Feb 27, 2012 4:31 PM GMT
    swimguychicago saidI wish more RJ guys were into finance. Long term it's as important as the gym!


    I agree. Saw this datapoint and thought of your comment -

    http://gregmankiw.blogspot.com/2012/02/iq-and-investment-decisions.html

    Even after taking into account factors like income and education, the authors concluded that people with relatively high I.Q.’s typically diversify their investment portfolios more than those with lower scores and invest more heavily in the stock market. They also tend to favor small-capitalization stocks, which have historically beaten the broader market, as well as companies with high book values relative to their share prices


    I haven't looked at AAPL's metrics in a long time but was a bit surprised that they don't look like they're entirely priced out of whack. They have one of the most valuable brands so their current book values would not reflect this intangible but even without that there, cash per share of $32.34 (more now), book value per share of $96.60 and trailing p/e of just under 15.
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    Feb 27, 2012 4:50 PM GMT
    I bought Apple when it was $45/share and figured it was time to jump out when it hit $90/share. Sure, I should have kept it but hindsight is 20/20. Can't be too upset with doubling my money though.

    The better question for RJers would be what stocks do you all think are about to hit a big run that we should all jump on before it's too late!?!?
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    Feb 27, 2012 4:52 PM GMT
    MikemikeMike saidApple AAPL wow 12 dollar jump today to 514.85
    Wish I bought more when it was 155.00. I remember not too long ago when it was in the 70's range.icon_redface.gif
    also Dollar Tree (DLTR) is 89.35 did get that at 38.77

    My Dad said you can never say "IF" only. Cause my uncle always said if your aunt had balls she'd be your uncle!

    Many are hard to predict but it beats keeping money in the bank or a cd with those shit rates.icon_idea.gif

    What stocks do you guys buy/follow??


    My dad's cost basis in Apple is $7. Wish I could say the same! Guess I'm not doing too bad at around $140 cost basis, but still. icon_smile.gif

    I've been buying a lot of CBIS, a penny stock lately. They're the only (I believe) publicly traded medical marijuana stock, based out of Denver. I bought around 2 cents. It's at 10 cents today, so not bad.
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    Feb 27, 2012 4:53 PM GMT
    txguy1605 saidwho do you all use to trade your stocks? i think my bank is charging me too much



    E*Trade.
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    Feb 27, 2012 4:59 PM GMT
    Remember the aftermath of March 10. 2000

    It will happen again. I lost 85 – 90% of my 401k

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    Feb 27, 2012 5:02 PM GMT
    txguy1605 saidwho do you all use to trade your stocks? i think my bank is charging me too much

    Vanguard is good ... not-for-profit and owned by its customers.
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    Feb 27, 2012 5:03 PM GMT
    freedomisntfree saidRemember the aftermath of March 10. 2000

    It will happen again. I lost 85 – 90% of my 401k



    Agreed! When I look at Apple, I'm not worried about them as a company. There's tons of growth potential, especially in China and other emerging markets and, ultimately, I think Android is going to be big loser in all this patent litigation. Google's (grossly overpriced) purchase of Motorola Mobility will probably go down as one of the worst moves in corporate history.

    BUT...I am worried about other factors. The election, the economy, rising fuel and food prices, Iran and it's nukes, etc. Just because you're in a stable company doesn't mean the market is stable. And once fear sets in and people start panic selling, everyone is screwed.

    I definitely plan to bail out of Apple in the not so distant future. I'm not ready to pull the trigger yet, because I think the stock is still going up up up from here, but at some point I'd rather have the cold hard cash than watch it crash with the rest of the market. What goes up...must come down...