Shares of Apple Inc. [AAPL] gained $3.11, or 3.09%, to close at a new all-time closing high of $103.92 per share on volume of 30,765,211.
Apple’s previous 52-Week and All-Time High was $102.50 set on April 26, 2007.
Apple’s 52 Week Low stands at $50.16, set on July 14, 2006.
AAPL quote via NASDAQ here.
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AAPL
ALL ABOARD
THIS ONE IS GOING MUCH MUCH HIGHER!!!!
What goes up, must come down. This would be a good time to sell at a nice profit. Pigs get fat, hogs get slaughtered. Let’s be pigs, not hogs here!
stock going higher once iPhone economics are disclosed. i.e. how much per month Apple receives from the carrier for each subscriber. this will be very high margin revenue that translates into a nice recurring earnings stream. the market will incorporate the value of this stream and estimates will go up. believe it.
“somebody say something about being high?”
-Towelie
I can’t recall how many times self appointed wise guys have said “What goes up, must come down” since I bought 500 shares of Apple at $12 and saw it split – so now my $6000 investment is worth $103,000. Gosh guys, I sure should have taken your advice and sold it when it hit $13!
“What goes up” is not the rule. The rule is buy and hold.
MacBill = StockBoy of old.
I’m in.
MW: “economic” – As in economically sound. void(0);
So much for emoticons – Oh wait, let’s try this…
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Hey MacBill, people like you push the stock down for absolutely no reason but to make a profit. You see the irony? No didn’t think so.
I’m sticking with aapl. Bought in at an average of 78 so got a tidy profit now. A few years back I had the same number of shares at around 8.5 adjusted for split. I sold them thinking I could ride the ups and downs of aapl. In the end missed the boat. So I’m here to stay for a good while. Methinks I could double my original investment in the next year.
Oh yeah. Steve Ballmer.
I can’t stop laughing. Microsoft sells to 99.9999999 percent of the world, and Apple sells to .00000001 percent of the world. Apple equipment is too expensive. The company will make a lot of money, but no one will buy any of Apple’s kit.
Creative people — artists and musicians — hate Macs, too.
Actually, the rule is-
Buy low, sell high.
If you held on the whole ride, you missed some great selling opportunities as well as buyting opps.
Uhmm… Microsoft is falling behind and has saturated the market with garbage and reactionary upgrades. Meaning, they can’t attain anymore market share than what they have and are losing ground to Apple who is proactive and have leap frogged MS in innovation.
Even if Apple gains 1% of the market, it means huge profits. Besides, people are switching slowly but surely to Macs.
Also, you need to do a little more homework if you think Macs are too expensive or more expensive than PC’s. Do a side by side of comparable systems with equivalent software and you’ll see Macs are cheaper.
@What’s my name?
I think I missed the sarcasm in your post. Sorry. 🙁
@ M.A.D.
“If you held on the whole ride, you missed some great selling opportunities as well as buyting opps.”
This observation holds true IF AND ONLY IF you can see as well into the future as you apparently can into the past. When AAPL dropped into the 50’s last summer very few of us remained unabashedly bullish on its near-term prospects. Remember?
The number of small, successful market timers in this country borders on the microscopic, M.A.D. Are you saying YOU are one of these rare birds? If so, why aren’t you at the Country Club right now sipping martinis instead of wasting time with us on the MDN site?
“What goes up, must come down. This would be a good time to sell at a nice profit. Pigs get fat, hogs get slaughtered. Let’s be pigs, not hogs here!”
I bought at 12-3/4 and for every one share I bought is now 4. While I appreciate that stocks have risks and go up and down based on market conditions, I wouldn’t go applying Newtons Law of Gravity as a market indicator. For your theory to be correct I’d have to see the price plummet to under $4.
CHA-friggin-CHING!!!
Oh yeah, and where is Mr “Sell Sell Sell”…
Been very quiet lately.
Wow, I just looked it up and that was 10 years ago in 1997. The stock had hit a 52 week low. Steve would return to Apple and the following year he would introduce the iMac.
Back then I would hang out on a Mac IRC group. The day it hit the low everyone was like ‘great buying opportunity, I’m running out to get some.’ That sounded resonable to me at the time though I had only dabbled in mutual funds before so I called a broker and bought some stock. A year later the stock was up significantly and everyone who somehow convinced me what a great opportunity AAPL was were crying ‘I wish I had bought some back then.’ Um, I thought you did!? Now I hang out here and laugh everytime someone says their going to buy Apple stock. I bet none of them do =)
I guess macBill doesn’t believe in going long.
M.A.D. must already have a ton of cash to not worry about the tax burden buying and selling quickly generates. I’m long, to get as much out as I can and not having Uncle Sam take take take.
Don’t worry about Uncle Sam and his habit of take take take. Afterall, he always spend each dollar wisely…
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You know, this is actually the perfect time for AAPL stock to halve, instead of split.
Good ol’ Steve doesn’t want to leave the future of his beloved company’s stock in the hands of shorters and day-traders anymore. Bad karma.
Particularly now that his brand is taking up a life of its own and serious investors have finally taken notice.
Halve. Buy back. Shake the bugs off the Apple tree. The time is now.
@ Walk away Bill Just walk away, why would any investor hesitate to make more money because of a tax burden. Capital gains is a straight forward figure. If you made $100,000 on a buy and hold strategy vs say $500,000 on a buy low sell high strategy following the appropriate market trends can you seriously tell me that any investor is going to pass up the ability to earn an extra $360,000 because their tax burden for the year is going to be $140,000 versus $15,000 , that is of course assuming a max cap gain tax rate of ( because the stock would be bought and sold several times during the year. The low figure on buy and hold assumes 15% for long term. The buy low sell high strategy demands going with market trends and as the stock rises … setting appropriate stop losses to lock in profits near peaks . As the market turns bearish you would then short the stock using the same trailing stop loss strategy to lock in profits on the short sale until a market reversal when you would buy again. From 1994 to February 2000 Apple had a nice run up . Then the market crashed the DOW hit the switches to suspend trading and Apple had a 2 month long pull back where a roughly $10 per share profit could have been had making the stock Timothy Flint who mentioned he bought 600 shares at $12 might have made $20 per share on the run up at $12000 and another $6000 by shorting the stock for those 2 months. The market subsequently recovered …the following 2 months showed a $6 profit on a buy opportunity followed by a $3 profit on a short opportunity follower by a $4 profit on a buy opportunity within those 2 months of 2000 that would have been another $7800 i profit on 600 shares oh and by the way heres another secret on every buy opportunity you compound the number of shares you own and on every sell opportunity you short the number of share you owned on your last buy opportunity. SO your first buy was 500 shares which was sold @ about $32. If you then shorted those shares for another $6000 your total usable capital would be $24000, the original 6Gs plus 12 Gs from the initial buy and another 6G’s from the short the next mini buy opportunity started at $23.9 and ran up $6 so rather than buy back the original 500 shares buy 1000 so your next profit cycle is another $6000 on the buy and $3000 on the short giving you a total of $33000 a jump of 25% in 2 months on your initial investment vs whatever the value is at buy and hold time 500 shares at that moment which I believe was $23.13 or $11500..whoho. take your $33000 and get a $4 profit on the nest buy opportunity with 1400 shares bringing you initial investment to $38600. A 2 for 1 split in June 21 of 2000 would give us 2800 shares Apple from September2000 to the beginning of 2001 falls from a peak of about 32 so put the short opportunity at 27.6 and that next buy opportunity kicks in at $9.8 . Profit on this 4 month free fall is about $56800 bring the initial investment to $89280 vs a buy and hold split adjusted profit of $3800 on the original $6000 invested for a total capital invested of $9800. It is important to note tat I used Yahoo data on apple stock price over that last 20 years for these computations with buy and sell opportunities well away from peaks and throughs. I’m just trying to show some people that the power of buy low sell hight plus compounding your investment is a superior strategy in rough 4 months in 2000 that worst bear market for apple stock the most profit was made with this strategy where we end up at the base of a large upturn and 9000 share with more splits and gains ahead vs 1000 share and mere 63% on our original investment vs buy and hold. If I were to fine tune and track the strategy until present day assuming a 10% slippage on all profit slopes to be conservative I’m sure we would be well over the $20,000,000 in investment capital worth of stock. If we did nothing but hold from 9000@ $9.8 to present day a 2for 1 split in 2005 would have us holding $1.8 Million worth of stock figure 18000 shares at $103. This pig is a wild boar with razor sharp tusks. Bear steaks anyone?
My attitude with Uncle Sam is like those old corn chip commercials eat all you want we’ll make more but the caveat is to invest through a corporation that way you can shelter some of that income have board meetings in Tahiti and write them off. Have you dog be your secretary and get it full medical …save on the vet costs. I don’t recommend the dog thing but any other human member of the family can be on your board of directors