Shares of Apple Computer, Inc. rose $0.59, or 0.89%, today to close at a new all-time high of $67.11 on volume of 17,270,341 shares.
In after-hours action, Apple shares are unchanged and currently reading at $66.77.
Apple’s previous all-time high was $66.76 set yesterday (11/22/2005). Apple’s 52 Week Low was $28.95 set on 11/22/2004.
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I’ve been putting every paycheck I can spare into Apple for the last 3 months…paying off so far…only looks to be improving…
kfloydh.com
cha-ching
Do many of you think it is worth it to invest in shares right now with them being this high, or should we wait until the day of some insanely great announcement for the stock to collapse (
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Apple shares split two for one back in June when the price was lower than it is now. I wonder when they will split again?
People are often asking if it’s still wise to buy into Apple right now. I have lots of faith in the company, but not as much in the market. Before investing in the company, you need to ask yourself what your objective is. Long-term growth, or short-term capital gain (that goes for any company, btw)? In my opinion, the stock is currently overvalued. Here’s why:
1- Most analysts are currently recommending and writing this off as a strong buy. In my past experience, you don’t trust analysts. No one is ahead of the market, as LTCM clearly demonstrated in the 90’s.
2 – Apple’s latest string of product releases have been phenomenal. Everyone is throwing money into the stock with the hopes of another new killer product being released, further driving the price upwards. With Macworld around the corner, we may soon see the true strength of the stock and interests of the market. If the rumored Macintels don’t come, expect a quick drop of a few bucks. Or whatever else runs on these rumor sites we love.
Seeing as I’m a starving student, I wouldn’t really put my money in Apple. I don’t think it’ll go much higher in the near future.
If you’re looking for growth stocks, save a few bucks per share, reduce your risk, and buy into the severely undervalued GE stock. I’m not a GE stakeholder, but it’s looking mighty fine right now.
cptnkirk – Shares split for fewer than a MILLION reasons. really there is just one – phsychological….the price is lower (though the % of the company is too), the number of shares owned is greater (though the % of the company owned has not changed), and most importantly, the bid/ask spread is tighter on lower $ amt stocks, which helps the stocks trade closer to true market demand – something good for everyone excep tthe tradeers perhaps.
To prove this, think of how many people want to buy into GOOG at $400+ right now.
The primary benefit is that ask a stock is hittin gnew all-time highs, the stock gets added press and attention because it is splitting.
But we like to buy and sell shares in lots of 100 and so on and it is easier to buy a lot of 100 @$30 than 100 @ $60, even if that lot of 100 @30 is worth half as much % of the company as that 100 @ $60.
“Do many of you think it is worth it to invest in shares right now with them being this high, or should we wait until the day of some insanely great announcement for the stock to collapse ( ), and then buy all we can get?”
In two years people will be wishing they had bought AAPL when it was as mere 65.
It’s so funny. AAPL was 35, FRICKIN 35 a share in May after the supposed bad news dropped it from 44. That was just 6 months ago folks.
I think this strategy is just getting started. I wish i had more than I do.
Apple is very much a strong buy right now and looks like it will be pretty much for a while. There is a lot yet to come. I mean the Intel transition is going to be really huge and should cause some serious increases in market share. Combine that with everything else we have yet to see from Apple, I would definately buy into the Apple stock at this price and even higher.
The bet right now is on the intel Macs. If you think the intel Macs are gonna make big strides for Apples marketshare, buy now. If not, don’t bother.
…and for my 2 cents, yeah, I think Apple’s marketshare is gonna gain by leaps and bounds over the next couple of years.
Ah yes, are we going to start hearing about Apple’s demise again? It’s been a while.
check out this link for a funny animation “celebrating” Microsoft’s 20th.
http://www.airfarce.com/seasons/season13/051118.html
Just remember that they said Apple would have dark days in the period until the Intel chipped Macs came out…
That has not been the case, AT ALL!
BoooooooooooooooooooooooooooYahhhhhhhhhhhhhhhhhh!!!!!!!!!!!!
MDN- Nice Title!
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Macaday – Yep, these truly are dark days indeed, compared to what 2006 holds in store! But in January ol’ sol starts his journey northward, slowly at first, then faster and faster, and so goes AAPL too. It’s going to be a wonderful spring, with lots of Apple blossoms and a bountiful harvest in 2006.
2006: the Year of the Apple.
MW: love, as in “I love this company!”
It is a blessing to see a company finally have reward and substantiation of continuous hard work, bringing only extraordinary high quality to the masses.
Hold ’em if you got ’em. Else get ’em. Enterprise Value over EBITDA is ~26. Revenue growth is twice that.
Apple’s marketshare could quadruple and still be under 20%. I’m betting the MacTel’s will yield many switchers. Based on much anedotal evidence I concluded that the “osbourn effect” is real. Yet Apple’s marketshare is rising. That says to me that the marketshare rise will acclerate greatly once the “osbourn effect” no longer pertains.
I’ve had a significant stake in apple for years (I’ve been a user since 1984!). When he announced the intel transition I lightened up. When if became clear that marketshare was rising anyway I bought more big time! I’m holding a very overweighted position in AAPL. For me, it’s a computer play (plus I would love to see Microsoft fail…but that’s another story). The iPod functions mainly to give folks a reason to open their eyes. The MacTel will give them an easy way to see.
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Hot Damn! I’m partyin’ so hard I’m runnin’ out of Apple flavored Kool-Aid!! Sum’body hook me up, QUICK!!
Well I only bought 5 shares at $13 so long ago,and now they have split, and every next price prediction has been correct, it has to settle down soon though does’nt it?
Windows 20th anniversity!
Cleaned up video here
http://homepage.mac.com/hogfish/iMovieTheater3.html
“We’re better than you… we make better stuff” – Steve Jobs in Pirates of Silicon Valley.
“You don’t get it Steve… that doesn’t matter” – responded Bill Gates
And all the IT clowns of the world felt better about themselves. The head IT guy at the architecture firm I used to work for many years ago actually was bragging about that line in the movie.
But as it turns out, it does matter Bill. And in today’s perfection-seeking society, Apple has been the only one to deliver the goods.
So as far as I’m concerned, buy Apple long and don’t sell for 5 to 7 years. There’s a good chance it will split several times, just like Microsoft and Cisco did during their heyday.
@ Nuclear Kid
Hopefully that will be ME next year assuming I can buy shares in a US company (Apple) from New Zealand. Buy and hold for the VERY long term and you will have your kids college funds sorted!
Nuclear
Yeah that line really hit me.. but you know.. it DOES matter because MS has no excuse..
it didn’t matter for the PC because of open architecture.
But the Xbox is not some commodity box.. it’s supposed to be a sophisticated MS Mac (basically) with dedicated OS and no bugs/holes to speak of.. it’s supposed to be rock solid
Consumer Electronics are not supposed to be tweaking out like this. A TV wouldn’t do this. A phone wouldn’t. When they tweak out, you say, “Hmm this company is shit”
The Mac may be wallowing in the 4% marketshare, but at least its owners are happy. Xbox 360 may never leverage open architecture, but hey, it’s not rock-solid like a Mac, so how is this better than the PC platform for gaming?
Yesterday (day before Thanksgiving) I took a trip to the St Louis West County Apple store. The mall was already crowded at 4PM and there was practically no parking available anywhere.
About 100 yards from the Apple store entrance on the second floor there’s a large Dell sales island. With huge Dell signs glowing overhead and at least two dozen computers ringing the island there were zero customers looking at products, none! The two blue-shirted Dell sales people each sat at a PC surfing the web, looking very bored. I walked past and a smile formed on my face as I looked at the scene.
Up ahead I could clearly see the entrance to the Apple store and it was also quite easy to see people heading in. When I reached the entrance I was amazed…. the Apple Store was packed. Every computer station, every iPod island, the software shelves, the iPod accessories area, all were jammed with people looking, pointing, grabbing and buying.
Additional iMac based checkout stations had been setup and every one of them had a line of 2 or 3 shoppers waiting, laughing and chatting.
I waited to take a look at one of the new video capable iPods. An Apple sales guy came over and asked the man in front of me if he needed help. “Yea, I want one of these (referring to the 30G iPod) and one of those mini things…. the Nano or whatever you call it”.
Apple was highly critisized when they announced their retail store plan. I remember their stock price tumbling and public comparisons to the ailing Gateway computer stores.
Well it does not take a genius to see that innovation is working. “Halo Effect”? You bet! The iPod has definitely caught peoples attention and only a blind person could not see that!
I went to the store to buy an HP 1320 laser printer for my wifes business and was disappointed to find out they no longer stock laser printers. The Apple business sales manager told me they just didn’t sell but he volunteered to help me order one online immediately. He was extremely polite and apologetic. I thanked him and told him we needed it today to replace a Lexmark (which is no longer supported with OS-X drivers).
I was disappointed but left with a smile as I looked at all the customers and buyers. I own 1000 shares of AAPL which I got for an adjusted cost of $13 each. Yea baby!
I give it about 4 years before Apple is =to or worth more than Microsoft, as I have mentioned previously on this forum.