Invest in Apple? I can't think of anything dumber to invest in except Facebook. What is Apple trading at? Like 600$??? Should have caught the boat when it was at 6 bucks.

solid logic

Whatever... I have never invested in the stock market and never would. it is rigged and a propped up fairy tale that will come crashing down violently soon. Better logic?

there's nothing wrong with hating money

It's an older post I'm responding to, but these are my long term concerns with AAPL. They have very few eggs and in relatively few baskets. Very good eggs and baskets to have right now for sure, but their core profit driver (iPhone) isn't a product. It's a series of products that need to be reinvented every year as a new magic product and that's hard to do.

It's the tech equivalent of movie sequels. Credit to them for making the blockbusters that they have since the iPod but how long can that really be sustained? The iphone is being chipped at and competitors are working voraciously in he tablet market right now, so eventually they'll need the next iThings to come in and make an impact like the iPod, iPhone and iPad lines did.

They can survive a miss here and there no problem. But being a off for a couple of short product cycles would be catastrophic.

those numbers are a big reason why i went short aapl , I think their margins are unsustainable and margins is why it has a near 600 billon market cap.
part of me wants to hold the position as i feel it could break some supports, the other part is telling me not to be a pig and be happy to be up 60 points plus.

edit- i put in a stop at 630.5 , im a wuss

how's the "guaranteed >0.5%" EV coming OP? (you're down somewhere between 4.6-6.2% by my account)

Yea was hoping for a 14th of the month update as well :/

Expensive relative to what?

If you have to ask this question, you shouldn't be posting in BFI. Do a bit of research.

OP is extremely lucky. His first investment, and within months everything he says proves to be wrong (many other posters just as bad). So, he gets his lessen without losing everything. There are many people who get involved in worse investments than this, and then they ride to zero.

Going into this, the best outcome for him would be this exact outcome, which is to quickly lose real money in a short time period. If AAPL had kept going up, then there would come a time in his life when he would have made a life-changing mistake.

OP was WRONG because his reasoning was wrong, and his assumptions were wrong. He was wrong even if AAPL never went below his price. Just like someone who bought a house during the bubble years. They are wrong even if the house price goes up the following few years, because their reasoning was always wrong.

OP is very fortunate to have his reasoning torn to shreds in just months. He hasn't had the decency to show up here, but he still learned his lesson. When you have 20K in an account, invest it all after never having invested before, then have 21.5K in about a month, only to then have about 18K the next month, makes for a valuable lesson.

It could have easily been 10 times this amount. There are people out there who know zero about investing that put life changing money into things like this. The most dangerous thing in the world is to be right about something you know nothing about, so OP is pretty lucky here.

??? On what metric do you think AAPL is expensive?

i said i would post when i cover.. just did at 597. i dont know why, as i think its going lower.

AngerPush is a complete moron who should not be posting anywhere near this forum. Yet for some reason he continues to post with some sort of faux-sense of knowing that comes from years of who knows what.

Anyway, in sum, he's an awful poster and I'd just ignore him like most ppl have.

I was asking this because the person claiming it was expensive seemed like they were clueless. I literally saw them going, wow this is $600 a share, so expensive. The fact that you find my question at issue and not the original comment shows how clueless you are.

Pretty sure OP claimed he sold AAPL at a gain and now is a "professional Google owner" so think it is probably the opposite effect that you hoped. OP likely thinks he is super smart and is good at timing this stuff.

well as one of those who think "wow this is $600 a share, so expensive." . is it expensive on a trailing basis ? absolutely not. its a cash cow and its performance the past decade has not been short of phenomenal for aapl. its going forward that is the problem.

they just guided 4 dollars lower on eps , their margins are shrinking , competition is lining up , their ipad mini is overpriced , a big part of aapl's success is that its a fad/status symbol item (when that goes , so will a big chunk of earnings).

LOL. jws i dont even know why you bother to respond. it's pretty obv what you were implying there.

I never took a position one way or the other about whether I thought AAPL was expensive.

I have zero idea why you think this. I'm learning, as most people itf are, but I know a great deal more than you think I do. I'm by no means close to a "complete moron". I think what I wrote was probably misinterpreted (or perhaps I misinterpreted what I was responding to)

I haven't been reading the thread, admittedly, in quite some time. I interpreted your question as if you were asking what people meant when they say a stock is expensive or not. That's what I thought you meant when you asked "Expensive relative to what". I must've taken your post out of context. I apologize if I came off rude.

I hear people say "wow, that stock is cheap because it's $40, or that one's expensive because it's $600, etc" and I just smh. I guess I thought you were misunderstanding what would make a stock relatively cheap or expensive.

I didn't think it would be this early and this dramatic.

Margin compression will start soon. The next flagship Android phone, the Nexus 4, is going to retail for $349 without contracts.

That's still a pretty hefty margin by the standards of computers, TVs and other electronics goods we buy. But it's going to put a very heavy downward pressure on the prices of iPhones and Samsung Galaxies going forward.

lol. eat sand.

That's a great quote. The NYSE has been around, what, 200 years? But yeah it's all just make-believe.

Whatever. Let inflation get the last laugh.

didn't GOOG somewhat crash recently?

nope, that was me. i'm mostly joking though. neither of these has been >15-20% of my portfolio at any time. i sold AAPL at 671 cuz i stopped believing in their business (at that price) when iphone 5 was announced, not cuz i think i'm amazing at timing the market. i didn't actually buy GOOG at the time, it just became my biggest position.

bump for -16%