“Apple has won the hearts and minds of the younger generation in recent years, with its ubiquitous iPod opening the door to market share gains for its less popular desktop computers. Rival Microsoft has responded with the Zune, an odd device trying to challenge the iPod’s near monopoly on teenage coolness,” Alan Farley writes for RealMoney.com.
MacDailyNews Note: According to RealMoney.com, Alan Farley is a professional trader and author of The Master Swing Trader. Farley also runs a Web site called HardRightEdge.com, an online resource for trading education, technical analysis and short-term investment strategies. He’s also the author of The Daily Swing Trade, a premium product that outlines his charts and analysis.
Farley continues, “Of course, the Zune will never threaten the iPod’s sales dominance, but you can’t fault Microsoft for trying. Indeed, the company has been in the knock-off business for generations, trying to mimic the best ideas of other companies rather than use originality or creativity to book its immense profits.”
“It’s no secret that Apple’s stock has wiped the floor with Microsoft’s shares in recent years. While the pride of Redmond, Wash., is still trading within the narrow boundaries of a six-year range, Steve Jobs’ garage project has marched up to all-time highs. And Apple has gone absolutely ballistic this quarter, ahead of the late-June release of its long awaited iPhone,” Farley writes.
Farley writes, “So now is the perfect time to sell Apple and buy Microsoft.”
“Say what? Why would I recommend exchanging a rocket ship for a pellet gun? Let’s put it this way: It’s likely that Microsoft will outperform Apple by a wide margin in the next six to 12 months,” Farley writes.
Full article here.
Farley then goes on to explain how he’s arrived at his conclusion that “now is the perfect time to sell Apple and buy Microsoft.” It’s by looking at the patterns in Apple’s and Microsoft’s stock price charts. Of course! We should have known. Farley provides charts with lines superimposed all over them and everything.
Known as the Elliott wave principle, it’s based upon the highly specious art of looking at charts and trying to divine the future of stock prices. In other words, it’s nonsensical fantasy for the weak-minded that sometimes happens to “work,” but oftentimes doesn’t. Visit any horse track in mid-week during business hours to see people following similar “systems.” It ain’t pretty, but it’s a heck of a lot less ugly than trading Apple shares for Microsoft.
Might there be a “sell-the-news” reaction when Apple’s iPhone is finally released? Perhaps. Perhaps not. Waves on a chart won’t tell you. How many can they make, how many can they sell, what’s the profit margin, etc. are much better, more concrete items about which to speculate.
Looking at pretty pictures is no substitute for understanding future prospects, company fundamentals, product and profit potential, sales trends, leadership, etc. Furthermore, if you base your stock buying and selling on looking at pretty pictures, not only are you nuts, but you deserve to fail.
I hope he follows his own advice and goes broke so we don’t have to put up with his maniacal musings again.
That’s funny….
Chuck you Farley! Great name by the way.
Put your $ where your mouth is. Go and short AAPL and buy MSFT.
Come back in the next 6 to 12 months. If you can still afford your internet bill, that is!
Alan Farley speak with forked tongue.
Too bad the “Psychic Friends Network” is gone – Farley would love it!
This is what happens when you buy based on chart analysis. He actually thinks the sock has a cycle to it. If you overlay real life events on the chart you see that Microsoft gets ever smaller boosts as they release ever more disappointing products. On the apple chart you see a huge increase based on a steady stream of successes – the dips being generally related to non-product issues. The last dip was an artificial one based on two components, lack of understanding of Apple’s conservative guidance and fear of a major options scandal that proved to be no big deal.
Stupid is as stupid does
MW: Sales, as in How about Vista?
Stupid advice. However, I will say one thing and that’s that AAPL is over-valued right now.. Even if iPhone sells 2x what analysts expect through 2008, it is already built into AAPL’s current p/e ratio… This rally is pure hype and momentum, which means there will most likely be a sell-off sometime soon..
I still believe in AAPL’s long term propspects, but current values are insanely high for what the company and analysts are projecting through 2008.
He must have a great deal invested in Microsoft stock … and is trying to help his portfolio.
I’ll keep my AAPLs thank you very much. Watch them climb when the iPhone replicates the iPod’s success. Only this time, the market is TEN TIMES bigger.
Right…… I see aapl is up again so far this morning, sound advice. This guy is a “master” something. Next he’ll tell us there is no porn on the internet.
Chuck Farley and that lady in Isreal, both say SELL, SELL, SELL. Cause Apple has gone up, now it must come down.
“I have no idea what Apple sells or why its gone up, but everything must fall, . . . right? . . . . So sell, sell,sell. LOL
Part of knowing stocks is knowing the company and the market.
PS, I do think Apple will drop some when the conf and the iPhone come out. There will be the standard flurry of….. Apple did not introduce the auto-car-wash, the iWash like expected. sell, sell, sell. Apple is doomed.!!!!
It will be a good buying oppertunity.
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en
MDN word thinking, as in WHAT are these people THINKING??
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One day I feel that an analyst might actually get close to correctly predicting what Apple will do in the future, but I’m pretty sure that today isn’t going to be that day and Farley isn’t going to be that analyst.
If he’s so certain about his predictions, he should reveal how many AAPL he has sold and how much MSFT he’s bought, then we can see for ourselves how his fortunes change over the next few months.
Personally, I keep hold of my AAPL thank you.
The Romans practiced a similar analytical art called “haruspicy,” and made predications based upon it. It involved gutting sacrificial animals and examining the pattern and health of the beasts’ entrails. It was just as good as Farley’s methodology.
@ Alan Farley
Farley? You’re a jerk.
A real knee-biter.
-c
Followup. I just checked out his charts and timing and I have to agree with Chuck. Apple will drop some in June-July due to the standard selling of profit takers after the conf and iPhone.
Microsoft has made a showing with the Surface and “looks” innovative and will make fun of Apples drop in price.
HOWEVER, as the iPhones are hard to find with everyone wanting one and the FUD from MS fading to even lower levels (nothing is projected from MS for 3-6 months – new zune nanos due by years end.) the trends will reverse and Apple will soar higher and MS dip even lower. You can make money but you have to act fast. Sell Apple, buy MS, wait about 5 days, then sell MS and buy Apple as the dip bottoms out.
Risky but hey, you are not in the stock market to make money are you????
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en, ps, sorry for previous spelling errors. 🙁
This guy is almost as funny as Chris Farley was.
He and the lady analyst who said “sell Apple” a few weeks
ago should get married and have Chia Pets.
MDN’s notes can sometimes be surprisingly insightful!
Farley is full of barley, after it has been digested. Pete I agree with you!
Interesting “MDN Magic Word = “self”; as like in self serving promotors no doubt.
AAPL has done my portfolio a big favor and I’ll get back in if and when it drops 20%. Opps, now I’ m self serving as well.
His REAL plan?
Get a bunch of Lemmings… Microsoft loving types… to sell their Apple shares, force the price down so that he can buy some Apple shares cheap… because he missed the boat in the first place.
I hear there’s a sale on slightly used brains at Costco this week…
“It involved gutting sacrificial animals and examining the pattern and health of the beasts’ entrails.”
Yeah, I miss college too.
Trading stocks based on technical analysis (charting) is like driving a car down the street, looking through the rear view window.
You can’t get where you are GOING, by watching where you HAVE BEEN.
It’s all in the charts, in the waves, in the stars….I see a sell by June. No, wait…
Ummm….what is it that Apple does again?
Part of knowing stocks is knowing the company and the market.
——————————
En, so how do you explain last year, when AAPL hit an all time high of $86 and then promptly lost nearly half of it’s value and bottomed at $50 just a few short months later? It was a bear-raid, and almost impossible to predict.. What’s to prevent that from happening again? Answer=Nothing.
What I’m trying to say is that just because you know a company does not mean that you can predict the market.. Using traditional stock analysis and techniques would tell us that AAPL is over-valued right now and it’s time to cash out. However, there are a lot of un-experienced investors in the market acting on emotions. There is absolutely no way to predict what will happen.. But go ahead and guess, you have a 50% chance of being correct.
Alan Farkely is the Microsoft version of Daniel Eran. Can’t have one without the other. Think of Farkley and Eran as the irrational mucilage that keeps the yin and yang in balance. Without these two, the universe would unravel into a random conglomeration of subatomic particles in space thus no WWDC 2007.
Traders using technical analysis make more money than traders using fundamental analysis. Fact. It is an art but not a specious one at all.
I don’t use Elliott wave but I can see his reasoning for a short to midterm correction/consolidation (or corrective wave, to use the lingo) before an upwards continuation (impulse wave, to use the lingo again). That said, I don’t see MSFT as a place to put money in the meantime!
The first bad news or complaints regarding the iPhone to hit the press and say goodbye to that stock price. This may be a good time to sell, but not for the reasons stated. I might be tempted to sell just because the stock is so high and there is a possibility that a first generation phone could have some hurdles to overcome. The current stock price seems to reflect pure enthusiasim for an unreleased and untested product. I predict a huge dip and then a slow march back to where it is.
Sell iPod!
Buy Zune!
Maybe not
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I don’t see MSFT as a place to put money in anytime.
Microsoft Market Cap 292 B, Last year rev was 44, profit 12 B
Apple Market Cap 104 B, Last year rev was 19, Profit 2B
Apple has already banked 2 billion in the first 2 quarters. Microsoft hasn’t banked 12 B.
Apple is trading at similar Price to sales ratio, But Earnings/share is higher at Microsoft. A rear view mirror is not informative.
Apple will double profit this year.
Microsoft will increase by 10 – 15% only because of once every five year sales cycle. Having Ballmer as Captain chaos, they have no impetus for growth. DEAD.
Apple could generate profits of 6 – 8 billion for 2008 with the iphone which is at least a 50% to a doubling. Growth is the impetus for stock price, and Apple has it, Microsoft hasn’t.
I don’t know about forked tounge – Andy Farley is not trading with my dosh
I read this article earlier today, sent him an email saying he is a Moran. People just don’t have any imagination at all. They have to be shown what could be done with an OPERATING SYSTEM IN YOUR HAND.
@ Jeff
“Only this time, the market is TEN TIMES bigger.”
I do believe you might be right.
Think about this-
Apple did not invent the media player. There were plenty of them around before the iPod came out. The difference was, true to form, Apple created the first one that didn’t suck. It was the first one that was easy enough to use so that everyone wanted one. Now they have 70-something percent of the market, and there is no clear competition in sight.
Smart-phones, on the other hand… Not everyone wants a smart-phone. Why? Well, because they suck. And the iPhone looks to be the first one that, by every measure I can think of, doesn’t suck.
So what’s the upper end of this market? What if Apple could gain anything like 70 percent of the mobile market? What if it was even a quarter of that? That’s still 175 million phones. And 175 million copies of OS X. Per year.
But okay, whatever, buy MSFT and sell your AAPL.
Or you could just buy lottery tickets, that’s up to you.
But Mr. Farley, honestly… I really don’t think you get it.
-c
@ iMac 800 mhz
Moran – Irish, “The Great One”
In a way, this *is* kind of like an episode of Honeymooner’s.
@en,
If you are a day-type trader, then go for it, man.
But, if you really believe in a growing company and purchase and follow its products, then long-term invest in what you believe in and sit on your shares.
Your advice may be good, but is not for everyone.
If you wanna play money, then buy Amazon, RIM, and maybe T, etc. for some quick cash on one particular day or another, but
Apple is becoming a more long-term investment each day as there is no end in site with a next generation of tools you can actually see on the screen and touch with your hands.
Oct. 29, 1929 – I was up betimes today, and giddy with the fortune I was making on the stock market, bought a new Duesenberg with custom body work and drove it to my Wall Street office. From there I phoned Macy’s and had them deliver to my home a powerful five-tube Atwater-Kent radio. Gad, how I love that word. Radio. It wraps up all the miracles of this modern age.
Oct. 29, 2007 – I was up betimes today, and giddy with the stock-price fortune Apple was making me, I went online, and in celebration of my 125th birthday, ordered five MacBook Pros and two Pro computers. Gad, how I love that word. Computers. . . .
This article is scary, how can someone seriously believe that the stock market follows a series of predictable waves, it’s just absurd, articles like that should be banned from any site that pretends to give financial advice.
what’s next, use astrology ?
what sign is AAPL again ?
@en stop the antisemitism please
MacDailyNews – I hope that you iCal this and call this donkey back in 12 months.
Apple was born on January 3, 1977, so… Capricorn.
JUST like Jesus.
Added to iCal so we can laugh in 12 months
I guess when you can’t win anymore you just sort of make up a reality that feels good – holy cow.
Microsoft has gotten too big and really, what next big thing do you expect from them, if any?. Just remember what happened to Standard Oil ans Ma Bell in the past.
This article is scary, how can someone seriously believe that the stock market follows a series of predictable waves, it’s just absurd, articles like that should be banned from any site that pretends to give financial advice
———————-
Um no, what’s scary is that some un-experienced emotional investors like yourself believe that the stock market DOESN’T follow patterns..
All the most succesful investors in the world look for patterns..
“If you want to predict the future, learn from the past, because history always repeats itself.” – Warren Buffet
I know we’re all having a good time watching Apple’s stock soar, but let’s not get too euphoric. People tend to buy stocks and their highs and sell them at their lows when, of course, we should be “buy low, sell high”. I do not believe in charting and I do believe that the iPHone will be a huge success. But it’s unwise to invest too heavily in the hot stock and it’s wise to diversify.
Let’s enjoy the ride. But let’s not lose our heads.
I think the guy was smoking some funny cigarettes when he wrote this article. Apple is in a key position to only get stronger and Microsoft is in there worst position to lose more money and market share to Apple. What does Microsoft have that is selling really well.
Office and that’s pretty much it. What does Apple have going for it. Let’s see, iPods, OSX, future OSX Leopard which we’ll all find out more about next week. The iPhone, all the Macs which are all selling well and gaining market share.
So why would I take this guys advice and sell Apple stocks?
I think he’s crazy, and if anyone does take his advice they’re gonna lose there shirts!
“Comment from: Fibo
“Traders using technical analysis make more money than traders using fundamental analysis. Fact. It is an art but not a specious one at all.”
Um, I beg to differ. In my defense, I offer two words:
Warren Buffet.
Thank you.
“Looking at pretty pictures is no substitute for understanding future prospects, company fundamentals, product and profit potential, sales trends, leadership, etc.”
I’d agree, if it weren’t for fact that in the real world, those factors (future prospects, company fundamentals, product and profit potential, sales trends, leadership, etc.) appear to have little to do with the price of stocks.
Wrong! Apple may be higher now, however, it will be a LOT higher in twelve months. Apple is clicking on all cylinders. It rules each of its markets, and it’s increasing revenue in each of its markets.
What he should have said is: “Sell Microsoft, BUY Google, and KEEP Apple.
His statement shows that even a person with a successful prior experience and a trading talent can come to an erroneous decision.
He should update his comment now. Otherwise he will look foolish come next year. And THAT can not be reversed.
Welcome to the difference between trading and investing.
Traders are interested in technical analysis. These include chart patterns, including Elliot Wave analysis, technical indicators (stochastics, moving averages, relative strength indicators, etc), and support and resistance levels. These indicators and trends tell the trader which way to trade – either long or short – and what good entry and exit levels are. For daytraders, the typical time that stock is held might range from seconds to minutes to hours. For swing traders, positions are typically held from two days up to two weeks. For traders, the trend is your friend.
Investors are interested in fundamental analysis. This includes price to earnings, price to sales, growth rates, execution strength, barriers to entry, competitive threats, and the like. Value investors (e.g. http://www.magicformulainvesting.com) will look for high growth companies that are temporarily out of favor with the market. Growth investors will buy companies exhibiting strong revenue and earnings growth. Index investors will try to match the performance of an underlying stock index (e.g. Dow Jones Industrial 30, the S&P 500). Sector investors will invest in an entire class of companies, e.g. financial companies in times when interest rates are declining.
Alan Farley is definitely a trader. A swing trader to be precise. He is right to say that AAPL is overvalued currently. There will be a pullback. We just don’t know when, and how deep. For traders, this is a signal to put the stock on the short radar.
For investors, a 5% or 10% correction in AAPL will be a buying opportunity. Fundamentally speaking, the market now understands the AAPL growth story and is pricing it in. This means expectations are high, and AAPL now has to grow into the valuation that the market has given it.
So don’t diss the Alan Farleys of the world, or their methodology. There are a large number of them, and they make money. A lot of money.
Pete,
I agree with you entirely, but your reasoned arguments falls on deaf ears amongst these pre-pubescent knobs.
You’d think you were trying to f**k their mother rather than simply broadening the debate beyond ‘AAPL will forever rise’, pity the fools, but don’t rise to the bait.
Pete,
I agree with you entirely, but your reasoned arguments falls on deaf ears amongst these pre-pubescent knobs.
You’d think you were trying to f**k their mother rather than simply broadening the debate beyond ‘AAPL will forever rise’, pity the fools, but don’t rise to the bait.
Pete,
I agree with you entirely, but your reasoned arguments falls on deaf ears amongst these pre-pubescent knobs.
You’d think you were trying to f**k their mother rather than simply broadening the debate beyond ‘AAPL will forever rise’, pity the fools, but don’t rise to the bait.
Pete,
I agree with you entirely, but your reasoned arguments falls on deaf ears amongst these pre-pubescent knobs.
You’d think you were trying to f**k their mother rather than simply broadening the debate beyond ‘AAPL will forever rise’, pity the fools, but don’t rise to the bait.
Though expensive, a way to eat M$’s Surface
technology for lunch is to make the new iMac and Leopard have a choose it-when-you-want-it multitouch screen. When it feels good, use your fingers.
Just dreaming…but that is the best secret-feature suggestion for Leopard I have heard.
OMG can someone really be that stupid?
APPL will hit market gap over $200 Billion and M$ is going under that.
It has probably been said before but it has to be said again.
The buying of Apple stock, since Macworld, has all been based on pretty pictures.
Pretty pictures of iPhone, bitch.
Yes, Apple can and probably will get stronger, but there will be many dips and bumps along the way. You can make money on Apple stock by selling it at the right time. Check out Jim Cramer at theStreet.com. He doesn’t reccommend selling all your Apple stock, but does recommend taking some profits at this point and has some pretty good reasons.
One does want to consider technicals (chart behaviour), regardless of the fundamentals (growth, good products, sales etc.), if they BOTH aren’t positive one shouldn’t invest. Apple’s today? Amazing.
(but remember a year ago when Apple went from 90 to 55 (and then back) – bad technical period on the way down to 55, BIG TIME – you would have thought this guy learned his lesson back then – all the nay sayers got cleaned out except for 1, apparently).
Another big technical guideline that this guy doesn’t seem to have picked up on is “don’t stand in front of a freight train and don’t try and catch a falling knife”. Here, Apple is a mega freight train.
For peaks, overheating – this is what a stop is for (an automatic trade when the stock reaches a certain point), and you raise your stops as the stock goes up to within 5-10% of the current price – an insurance policy if you will. Everything ends eventually, you know (but momentum carries on much longer than you would expect).
Apple is in one of those big growth cycles now, with earnings and sales matching and not expected to stop any time soon. Recheck in a year. Companies that move from a 6 billion dollar company to a 20 billion dollar company tend to have nice stock price runs….
And technical analysis fails to take into account fundamental growth like Apple is experiencing now. This is what the market LOVES, which is why all the analysts who follows stocks are all recommending Apple with a strong buy (a few have holds due to recent appreciation and not figuring out the iPhone), except for this guy.
This guy is a day trader, and day traders don’t make much money, consistently, since you can’t predict anything over a short period, consistently, with high probability.
Plus, has this guy made a billion dollars yet? If not, I, as a matter of principle, don’t put much stock in his advice.
The people I listen to are people like Peter Lynch and Warren Buffet who HAVE made a billion dollars on stocks (I ignore Buffet’s poor choice friends).
He probably knows far more about trading stocks than the collective at MDN. I for one hope he’s right, more to prove how unbearably sensitive and whinny this crowd is.
You guys would have fit into the Soviet Politburo wonderfully with nary a discouraging word permitted. It was only ever a matter of time before the glorious Soviet juggernaut was going to crush the west because of the great superiority of the Russian proletariat and the amazing, super-duper genius of their leadership.
Let me first off my saying I am a huge MDN fan and an apple nut, and I back that up by owning a lot of Apple stock.
Farley is a very successful and the art of technical analysis has been proven to work again and again. Although this is true, and almost every stock follows the rules of technical analysis, there are some stocks that ignore these rules because of the explosive growth that they are going through. Apple happens to be one of these companies. Farley is correct in his analysis, I just happen to disagree with him. As someone who has been succesful for many years in his profession and has written several good books on the subject, he deserves more respect.
Harrison,
so you agree with TA but it doesn’t apply to AAPL?! Oh dear your as blinkered as the rest of these idiots.
So the near vertical rise of APPL shares in the last 4 weeks is NORMAL? and can continue forever, or maybe just stay at these levels, (but don’t come down-because the rules don’t apply to AAPL remember), then have a little rest, then march ever upwards?
You are an idiot Sir!
Harrison,
so you agree with TA but it doesn’t apply to AAPL?! Oh dear your as blinkered as the rest of these idiots.
So the near vertical rise of APPL shares in the last 4 weeks is NORMAL? and can continue forever, or maybe just stay at these levels, (but don’t come down-because the rules don’t apply to AAPL remember), then have a little rest, then march ever upwards?
You are an idiot Sir!
Harrison,
so you agree with TA but it doesn’t apply to AAPL?! Oh dear your as blinkered as the rest of these idiots.
So the near vertical rise of APPL shares in the last 4 weeks is NORMAL? and can continue forever, or maybe just stay at these levels, (but don’t come down-because the rules don’t apply to AAPL remember), then have a little rest, then march ever upwards?
You are an idiot Sir!
Harrison,
so you agree with TA but it doesn’t apply to AAPL?! Oh dear your as blinkered as the rest of these idiots.
So the near vertical rise of APPL shares in the last 4 weeks is NORMAL? and can continue forever, or maybe just stay at these levels, (but don’t come down-because the rules don’t apply to AAPL remember), then have a little rest, then march ever upwards?
You are an idiot Sir!
I hope all the dumbf**ks who read this guy’s column takes his idiotic advice so I can buy more shares when AAPL goes down!!! Come on, you morons, bring AAPL down low so I can snap up all those shares I missed when it was trading at $50/share! SELL AAPL! SELL AAPL! SELL AAPL!
no you are, you clearly didn’t understand what I was trying to say. All I said is that I disagree with him on this perticular point, that Apple has a bit more run in it before it pulls back, and I don’t think this summer msft will outperform AAPL by any measure. Also, all I did was say that he deserved more respect; I did not say everything the man says is bound to come true and then come completely 180 by disagreeing over AAPL.
Harrison quote,
Although this is true, and almost every stock follows the rules of technical analysis, there are some stocks that ignore these rules because of the explosive growth that they are going through. Apple happens to be one of these companies.
LOFL
Harrison quote,
Although this is true, and almost every stock follows the rules of technical analysis, there are some stocks that ignore these rules because of the explosive growth that they are going through. Apple happens to be one of these companies.
LOFL
Harrison quote,
Although this is true, and almost every stock follows the rules of technical analysis, there are some stocks that ignore these rules because of the explosive growth that they are going through. Apple happens to be one of these companies.
LOFL
Harrison quote,
Although this is true, and almost every stock follows the rules of technical analysis, there are some stocks that ignore these rules because of the explosive growth that they are going through. Apple happens to be one of these companies.
LOFL
Short AAPL to make a few bucks in the short term as it comes down (and it will), then cover to book profit, last go long AAPL again and ride it up. This is if the focus is placed on active management and short-to-medium term.
That should pay for a new MacBook Pro and an iPhone + 1 year of stupid at&t voice+data plan.
I would not touch MSFT with a 10-foot pole, neither to short it nor go long but sure hope they are put out of business for toying with their users and using them as BETA Testers on their crap software.
Oh and real traders do publish books to “give advice”. What the fsck to they care? They are busy making money and you never hear about them. You wouldn’t know who they are. They avoid publicity. They certainly do not maintain a blog.
It’s like Donald Trump who wants you to buy his seminar tickets (so he can pay his tax bill) to teach you how to think like a millionaire.
This is guy is a poseur. The crowd following him and Jim Crammmerer get what they deserve.
My advice to anyone who takes this dude’s advice is: Stay away from openable high-rise windows…
Which Jesus do you refer? If you refer to the person also known as Messiah, born about 2,000 years ago, you are completely ignorant. 25 December is the arbitrary day that Messiah’s birthday is celebrated; it is not the actual day of his birth. This is a well-established fact, but one you apparently don’t know.
“This is a well-established fact . . .”
It’s so cute when people use that expression.
@ Alan Farley. Drink Camel Milk! you will fart like a trumpeteer, but at least it will sound better than the look of your charts!!!
this guy is drinking his bathwater
Nice timing, Farley … you tell us to sell, sell, sell, and AAPL hits another all-time record. Going up 0.79% ($.97) to $123.64 is not yet the time to give away our fortunes.
Someone spill out Microsoft’s stock. There’s probably nothing new, but they could be suffering from not telling us any abysmal results (ACTUAL Zune sales, ACTUAL Vista sales, picking up little or no interest in most of the stuff it makes, et cetera). But if they tell us real numbers, their stock will plummet within six seconds and Farley will be zero-for-two.
@ @ ChrissyOne
Which Jesus do you refer? If you refer to the person also known as Messiah, born about 2,000 years ago, you are completely ignorant. 25 December is the arbitrary day that Messiah’s birthday is celebrated; it is not the actual day of his birth. This is a well-established fact, but one you apparently don’t know.
Jesus is also a Mexican name. Besides, where is it recorded that the Messiah was born on 25 December (or anytime near that)?
But I don’t know what that meant, either.
MW: lack … I think we all do, but I’ll have to check.
As much as I like Apple, the company, it doesn’t always follow that it’s a good time to buy AAPL, the stock. I already own some AAPL, so I think I’ll keep (hold) it, but I don’t think I would be buying more at the current price. The best investors can distinguish between an emotional attachment to a company and the value of an investment (and I’m certainly not one of those “best investors”).
So this guy may be an idiot (if I sell my AAPL, I wouldn’t buy Microsoft stock with the proceeds), but we shouldn’t automatically ridicule every financial analyst who says it’s a good time to sell Apple.
With that said, go AAPL go!
The writer of this article thinks it is foolish to sell Apple and buy Microsoft. He then goes on to say that a stock market analyist is using something that is, “…nonsensical fantasy for the weak-minded that sometimes happens to “work,” but oftentimes doesn’t. The writer that comments on most of these articles with MacDailyNews Take, are so biased that they always say that apple is right and everything else is wrong. While it is great to have passion one must think. Look at the products and what is coming out at Apple, and look at the growth potential if there is a market shift from Microsoft. This is why I purchased AAPL stock 7 months ago. I have had quite a run up lately. At the same time I purchased MSFT stock that has not done as well, it is harder to grow when you are as large as MSFT. Having said that they are doing very well and I expect it to appreicate in time (read next few months). AAPL may or may not do better but I think the current price has a succesful iPhone launch built into it. I would as an investor tend to agree with the Stock Market Analyist more so than the Apple loving blogger that thinks his great APPL can do no wrong. (Have you ever seen a negative thing said about APPL on MacDailyNews?) I have not. You should not let your heart get too involved in your investing…there are a lot of passoinate ex-millionaires from 1987 and 1999 around to ask about this mistake.
Momo is exactly right. I do wish I had purchased a bunch of Apple shares a few years ago, before the split, when it was under $15. I’d still be holding onto it. That’s an investment.
However the guideline of trading is “buy on bad news and sell on good news.” So I disagree with Farley. I’d wait until after the iPhone is available and the stock soars to $175. Then I’d sell it and buy…well, I wouldn’t buy MS at this time. I would probably buy some gold coins and maybe some oil or pharma stocks. As an investor, though, I’d hold APPL.
All I have to say is MS isn’t going anywhere and if you seriously think that Apple is surpassing MS then I can only imagine how poorly your portfolio performance is doing.
MS will always compete with Apple simply because that’s what they do. I would do it if I ran one of the largest companies in the world.
Everyone focuses on the minor aspects of what MS does but forgets they have a huge foray of R&D for things that are being used in everyday life…I laugh at articles and authors that write crap literally on the surface of things. Apple has theirs as well and they’ve contributed to technology in spectacular ways (take firewire), but in the global spectrum of things they just can’t compare.
We can go pound for pound right down the list and Apple is no where closer than they ever where.
Talk to me when you can really compare apples to apples.
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