Filed under: Apple Financial, Apple
Yesterday AAPL continued its upward growth. The stock gained 36 cents to $100.76 according to Forbes. Apple was one of several Internet stocks trading higher yesterday including Real Networks and Amazon.com. So will investors continue to hold onto their AAPL stock or will they cash out for profit? TUAW remains completely agnostic on the matter so we turn this over to you. What are your thoughts, stock-investing readers?Holding the Command key (aka the Apple key) and pressing Tab will cycle through your open applications. It's easier to Cmd-Tab if you are Copy (Cmd-C) and Pasting (Cmd-V) to and from various applications.
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Reader Comments (Page 1 of 2)
Daniel said 11:10AM on 5-05-2007
There are several analysts that expect AAPL to reach $140 - $200. I don't remember who they were, but they were big name people. Didn't TUAW even blog about one of them?
Anyways-- I'm holding onto my shares until the day His Steveness dies.
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Mitch said 11:12AM on 5-05-2007
I have been battling with this question for a while.
I have confidence that the iPod and more importantly (at least to me) that Macs will continue to grow market share. I still see a LOT of regular folks ditching their PCs and moving to the Macs. I see this trend continuing and even increasing.
However, I am unsure about the commercial success of the iPhone & I am not sure how much the market is looking specifically at the launch of the iPhone. If there is some negative buzz post iPhone launch, will the stock tank?
With large gains (on paper) it's tough to decide if I should sell some shares or not.
Great idea for a post.
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Steve said 12:00PM on 5-05-2007
I'm long regardless of the iphone launch, although I do think that is a significant part of the recent gains. Until rumors begin circulating about Steve's departure, I am holding on.
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Blogd said 12:00PM on 5-05-2007
Apple has so much room to grow I cannot imagine letting go of my shares at this time. Imagine doing that 3 years ago, and then seeing where it is now. And then note how much Apple has grown, relative to its potential to grow.
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Matthew said 12:19PM on 5-05-2007
I bought at $33 sold at $55... should have kept it a lot longer...
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Carl said 12:35PM on 5-05-2007
If people are worried about downside risks, there are investing techniques to reduce that risk without selling your shares. For example, you could buy a PUT option at say, $100. For the duration of the option (options always have an expiration date associated with them), you will always be able to sell your shares for $100 by exercising that option. That way if the price drops, you're covered, at least for the duration of the option.
Just a handy thing to know. There are other more complicated techniques, but this one is just like buying insurance: you're paying to limit your downside risk.
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Micah Neumark said 12:46PM on 5-05-2007
I bought it at $25 right after the $50 to $25 in a day drop. After 2 splits I sold at $75. REALLY profitable but should have kept it apparently...
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tc said 1:07PM on 5-05-2007
Im hoping for another split soon.
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mentalsticks said 1:16PM on 5-05-2007
@6 Options are far from free, for example, a december '07 put uption with a strike price of $100 cost $7.20 yesterday, which means the stock should go up to $107.20 to break even.
I'm holding on to my dear li'l AAPLs for now. I'm curious what suprrises the future may bring: GPS on the iPhone as a little last minute treat? iMac G6 in Shuffle orange? Multitouchscreen displays?
[At the time of writing, this commenter was long in Apple and short in Microsoft)
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Dan Uricoli said 1:17PM on 5-05-2007
I just setup an e-trade account and am going to pick up some shares in Apple, I think its going to rise. I mean they TALKED about the iPhone and boom it jumped $10.00 right?
I think it very well may go up after this next keynote by just TALKING about Leopard and things of that sort. I dont have many shares but with the money I make maybe I will buy more.
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Alan said 1:33PM on 5-05-2007
I have a small ammount of AAPL (bought at $65 a share a little over a year ago). Obviously doing well... however I would not at all be suprised if it goes down post iPhone launch. I think investors are heavily basing the current price on the iPhone, and although it could rise substantially over the next year or two because of iPhone, I think short term it may go down. Just a word of warning about eTrade: after your first year of owning stock with them, they start charging you $40 every 3 months. My next $40 is due in June... so I'll probably be selling just before iPhone comes out. Any thoughts?
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alex said 1:34PM on 5-05-2007
Here's my take: HANG ON TO IT! If the iPhone is a flop, I think you will see an intial downturn in the stock as analysts freak out. But the dust will settle, and we will still see the massive growth company we are seeing nowing. Apple is just starting to pick up steam in the Home Audio/Video arena. While the Apple TV hasnt been a breakout hit, I think most people are waiting for that killer app. HD Movie rental service? HD movies widely available? Finally BestBuy has a true reason to sell us HD sets! The full screen iPod? And thats not even mentioning the imporved Mac sales. So I think you will see long term benefits even if the iPhone does flop, they have been a growth company without the phone and I think we are just seeing hte beginning. Now, what if the iPhone is a blockbuster success? Um, can someone say Win-Win? hang on for the long haul, they're certainly aren't going to be diving in the next ten years.
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Steve said 2:44PM on 5-05-2007
I see no reason to sell right now. There are a lot of positive catalysts over the next year: iPhone (which could conceivably double the company's revenue), Apple TV (who's contribution has not yet been measured), Leopard, and the next generation of iPods. Apple has never had a stronger outlook, and as #13 mentioned, anyone selling now better have a really good reason.
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Frank said 3:12PM on 5-05-2007
For a trade, long until the iPhone launch, with some reasonably tight stops to cover for the usual "sell the news" behavior.
But then, after a possible pull-back after iPhone, right back in for the long-term. It ain't just the gadgets. Despite dropping "Computer" from their name, the Mac is in a non-trivial growth mode for Apple Inc.
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mentalsticks said 3:14PM on 5-05-2007
I'm sorry, but there are good reasons for selling now. Apple's share price/earnings ratio is >36, which is rather high; that means that AAPL is expensive right now. As one analyst pointed out, the huge income that the iPhone/aTV wil most likely generate is already accounted for in this high stock price, so the iPhone has to do very well just to keep the share price from dropping.
That said, I'm hanging on to my stock, I'm in it for the long term and I think a 15-20% market share in the PC market is not inconceivable for Apple, not to mention all the new markets they are opening up (iPod, aTV - what's next?)
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FunkDaddy said 3:55PM on 5-05-2007
I bought 100 shares at $13 before the iTunes store launched. It split, and now I have 200 shares. $18,700 profit... I wish I had bought more. :) I could sell it to pay for my new kitchen outright, but I think I'll hold on to it.
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Michael Reilly said 5:40PM on 5-05-2007
I am holding on. I am confident in Apple, Inc.'s long-term direction. The sky's the limit!
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bradah said 9:12PM on 5-05-2007
I bought 425 shares in the mid 30s...... am pleased I did. I wonder, however, how much of the stock price is due to "his Steveness". If he were to suddenly leave (or worse) I wonder what kind of drop there'd be.
Hoping for a split.
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narco said 10:54PM on 5-05-2007
I think we're all forgetting to ask the real questions:
Why in the hell is Real Networks going up in stock?
Fishes,
narco.
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Dave said 1:10AM on 5-06-2007
It usually splits around now... I hope they do, usually when it splits, it goes up a lot after the split.
I bought in the Spring of 97'. With the last $100 in my checking account. While my PowerBook 5300c was getting repaired and everyone was saying "Apple is going to dissolve". I had just seen my first non-linear editing system, Media 100, running on a Mac and I knew it wasn't going anywhere. I've sold a few times, half my shares - of course I wish I hadn't but who saw this coming?
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