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I have been holding 25 shares. I have to think that sooner or later Buffett or some other billionaire will step in, buy a huge block of it, and stabilize the price. Apple has a huge cash position and is well set for the future. I'm not going to buy any more of it, but I'm not selling either.
Markets have no memory ... the faang stocks were getting way to high based on greed .... this is why I don’t buy individual stocks except for fun trading . The punishment can be quite severe when the greed and perception wear off..
Most funds own enough apple to give most of us all the the bet on apple we want. I know my fidelity contra fund is loaded with it as are most funds today
My mother and aunt have shares of AAPL they purchased a few years ago, but they're not selling. I believe AAPL will continue to be a valuable company over the next couple decades. Every large tech stock of older companies has times it doesn't do well, times of turmoil, times it shines.
I worked at AAPL headquarters in the years before Steve Jobs came back, when the company had only about 90 days worth of cash in the bank and employees were leaving for other newer tech companies. CEO Michael Spindler had been replaced by Gil Amelio.
By the same token many top tech companies got way a head of themselves not based on earnings but investor greed and still have not gone back to what they once were many many years ago.
Apple is going to have to be more service oriented vs sales oriented
Don't know if it can change
And China is a thorn...
Live by outsource, die by outsource
Buffett already owns enough Apple to get a little heartburn from this...hurting BH's return
He may not want a bigger bite...
Last edited by loves2read; 01-03-2019 at 07:08 AM..
I believe AAPL will continue to be a valuable company over the next couple decades.
That may be so but it is priced as a growth stock right now, not a value stock. If it's going to be the latter then the price is going to be a whole lot lower.
Apple made a pretty dumb move by placing a $1,000 price tag on the new iPhones.
Not thinking.
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