Apple fanboys suckered me in

[MatthewC]

Hello,

I myself support the side of value investing, which is to say the side of the fundamentalists. As of September 1st, my stock system rates this stock at 2.5 on a scale of 1 to 10, 1 being the best, 10 being the worst. That said, three times my system disqualifies AAPL from making my list. First, it didn't rate high enough (for its sector, I require a 1.5 or higher rating) - and secondly, the price to book and price to sales ratios are still too high for consideration. Overall, I can't recommend APPL. But then, I can't recommend most stocks. Usually, less than 2% of stocks under consideration make the cut. And sometimes, less than 1%.

[amarowsky]

Yeah they said nearly all those same things about Apple last year...

Little update. Wound up buying google a few months back @ about 875. Sitting pretty for now... Wonder what the price of google was when this was OP.

[QuarterMillionMan]

Not sure about Google but I bought 10 shares of AAPL at $478, today it is at about $522. Not spectacular but I thought with 5c, 5s, and air that it would do better. Samsung is giving AAPL a run for its money with their new products (ie, the wrist watch thingy, tablets, etc)

[KTP]

Not sure about Google but I bought 10 shares of AAPL at $478, today it is at about $522. Not spectacular but I thought with 5c, 5s, and air that it would do better. Samsung is giving AAPL a run for its money with their new products (ie, the wrist watch thingy, tablets, etc)

Almost a 10% return on your Apple purchase in less than 6 months. This is compared with a 5 year CD earning about 2%. I would say you did ok.

[soogar]

Not sure about Google but I bought 10 shares of AAPL at $478, today it is at about $522. Not spectacular but I thought with 5c, 5s, and air that it would do better. Samsung is giving AAPL a run for its money with their new products (ie, the wrist watch thingy, tablets, etc)

AAPL should just make a bigger phone that's comparable to to the size of a Samsung...

[QuarterMillionMan]

The dividend yield for AAPL is an additional 2.30% (I believe). Far from Fanboy, I'm still using the 4s with no plan to upgrade. No air, no mini, no ipad 2, ipad 396848302045858030003xxxxxxxxx......(lol).

[disneysteve]

What are everyone's thoughts on the recent run up in Apple's price? It's up to $560 today.

[QuarterMillionMan]

CNBC today reported that UBS upgraded AAPL to buy from neutral. I'm still long my 10 shares of AAPL which I bought in at $478 but I may take my profits and sell any day now. Best Buy offered ipad air at $449, $50 below other sellers. China mobile is starting an iPhone deal. AAPL may be in for some Happy Holidays.

[disneysteve]

AAPL may be in for some Happy Holidays.

I think many agree with that sentiment. If they have a solid holiday season, the stock price will reflect that. I'm going to be watching and be ready to get out if it turns the other way. I only have a few shares in my SEP-IRA. That's my "play money" account.

[KTP]

I have two thoughts on Apple's recent run.

1) Thank goodness I bought those Apple option spreads

2) Why didn't I buy more?

[J.Apple902]

No, just annoyed when people think 1 person is behind every product at a major company.

I think it is naive to disassociate AAPL's share slide with Job's death.

[Rogerthat11]

Well Apple is still in the doghouse but Microsoft is steaming ahead.

I checked my 50 call spread and it is still growing...now at a $8000 profit.

Kind of funny that I am making money on Microsoft and losing money on Apple...who would have guessed that last year?

It makes sense given apple was extremely over priced at one point being the biggest in terms of market capitalization. and Microsoft has always been around 30 so a few dollars over isn't too astounding. But, regardless, Microsoft is making big headway! go MSFT!