Apple Stock Heads Past 4 Year High

[Derek Currie]

Apple stock is heading toward $100 per share according to one Wall
Street pundit:

http://www.eweek.com/article2/0,1759,1731104,00.asp

"In a research note Monday, Piper Jaffray analyst Gene Munster raised his
price target to $100 a share from $52 and reiterated an "outperform" rating
on the shares."
"The bottom line from our survey is that 13 percent of iPod users in our
sample users were formerly PC users that, following the purchase of their
iPod, have already either purchased a Mac (6 percent) or are planning to buy
a Mac within 12 months (7 percent)," Munster wrote.

Whether the success of the iPod will raise the Mac's relatively low
marketshare is yet to be seen. But it obviously can't hurt.

http://www.news.com.au/common/story_page/0,4057,11473023%255E15316,00.htm
l

Customer satisfaction with its iPod music player was creating "wildfire
word-of-mouth marketing" for its Mac computers and other products, Piper
Jaffray analyst Gene Munster said.
Shares of Apple traded at $US61.63 ($79.02 aus) , up $US6.46, or
12 per cent, Monday morning on the Nasdaq Stock Market.

The dream of course is to share the wonders of the Mac platform with as
many in the world as possible simply for the sake of joy; this is quite
a different concept from the cold concept of world domination for the
sake of just cash, forsaking quality for mere quantity. Nonetheless,
Apple is a publicly traded company and has to make its owners happy. It
is great to see that happening, in a big way, again. Result: Apple
riding a decent wave of finances.

Lucky people: bought Apple stock at $13 per share a couple years ago.

:-Derek

[Timberwoof]

Post by Derek Currie
Apple stock is heading toward $100 per share according to one Wall
http://www.eweek.com/article2/0,1759,1731104,00.asp

"In a research note Monday, Piper Jaffray analyst Gene Munster raised his
price target to $100 a share from $52 and reiterated an "outperform" rating
on the shares."
"The bottom line from our survey is that 13 percent of iPod users in our
sample users were formerly PC users that, following the purchase of their
iPod, have already either purchased a Mac (6 percent) or are planning to buy
a Mac within 12 months (7 percent)," Munster wrote.

Whether the success of the iPod will raise the Mac's relatively low
marketshare is yet to be seen. But it obviously can't hurt.
http://www.news.com.au/common/story_page/0,4057,11473023%255E15316,00.htm
l

Customer satisfaction with its iPod music player was creating "wildfire
word-of-mouth marketing" for its Mac computers and other products, Piper
Jaffray analyst Gene Munster said.
Shares of Apple traded at $US61.63 ($79.02 aus) , up $US6.46, or
12 per cent, Monday morning on the Nasdaq Stock Market.

The dream of course is to share the wonders of the Mac platform with as
many in the world as possible simply for the sake of joy; this is quite
a different concept from the cold concept of world domination for the
sake of just cash, forsaking quality for mere quantity. Nonetheless,
Apple is a publicly traded company and has to make its owners happy. It
is great to see that happening, in a big way, again. Result: Apple
riding a decent wave of finances.
Lucky people: bought Apple stock at $13 per share a couple years ago.

I bought some at $20 on the way down ... and then things got so bad I couldn't
afford to sit that out and sold it at a loss to pay for other things.

Don't buy stock unless you can afford to not touch the money for five years.

So, when will the first Windroid bleat that this high stock price is yet another
sure sign that Apple is going out of business?

[Tim Smith]

Post by Timberwoof
I bought some at $20 on the way down ... and then things got so bad I
couldn't afford to sit that out and sold it at a loss to pay for other
things.
Don't buy stock unless you can afford to not touch the money for five years.

Add another clause to that: ", and you are very rich and are a full-time
investor who is buying stock in many companies". For nearly everyone else,
they should have their long-term growth money in an index fund keyed off a
major market index like the S&P 500 or the Dow. Such a fund does better
long term than individual stocks, and you don't even have to think about it.

Investing in individual stocks, such as Apple, for the small investor, is
best only for people who want to put a lot of work into doing worse than the
market averages. :-)

[Timberwoof]

Post by Tim Smith

Post by Timberwoof
I bought some at $20 on the way down ... and then things got so bad I
couldn't afford to sit that out and sold it at a loss to pay for other
things.
Don't buy stock unless you can afford to not touch the money for five years.

Add another clause to that: ", and you are very rich and are a full-time
investor who is buying stock in many companies". For nearly everyone else,
they should have their long-term growth money in an index fund keyed off a
major market index like the S&P 500 or the Dow. Such a fund does better
long term than individual stocks, and you don't even have to think about it.
Investing in individual stocks, such as Apple, for the small investor, is
best only for people who want to put a lot of work into doing worse than the
market averages. :-)

And Apple over the past few years is an excellent example of how much money one
can lose on the stock market?

[Oxford]

Post by Timberwoof

Post by Tim Smith
Investing in individual stocks, such as Apple, for the small investor, is
best only for people who want to put a lot of work into doing worse than the
market averages. :-)

And Apple over the past few years is an excellent example of how much money one
can lose on the stock market?

well it's tricky... you can think you are smart and sell off stock too
early... i sold 200 shares about a month ago, but have lost $2,500 in
that same time period... technically it's not a "loss" but an absence of
"gain"... but it still sucks!

i guess several employees recently sold millions of shares, thus, lost
10's of millions of dollars, or lost the potential... and steve screwed
up the most...

-- Steve Jobs in January 2000 received the largest option grant in
history: 20 million shares with a present value that I estimated were
$471 million. That option grant represented 5.6 percent of the shares
outstanding of Apple Computer Inc. The option promptly sank under water,
as did a second option covering another 7.5 million shares, which was
granted in October 2001. Jobs then took an offer in March 2003 to turn
in all 27.5 million shares for five million free shares then worth about
$75 million. As of the markets close on Nov. 22, those free shares had a
value of $307 million. Had Jobs kept his 27.5 million option shares,
they would have contained, again as of the close on Nov. 22, paper
profits of $678 million. Bad move, Steve.

---

so guess losing $371 million sucks even more... :)

so now i'm putting most everything i have into apple, it's an easy way
to make bucks... as long as you don't sell :) the stock rise has just
begun...

oxford

-

[Edwin]

"Derek Currie" <***@mac.com> wrote in message news:derekcurrie-***@syrcnyrdrs-02-ge0.nyroc.rr.com...

[snip]

Welcome back, Derek.

Did you escape, or were you cured? :-D