“Come Oct. 17, I will purchase shares of Apple (AAPL),” Tim Beyers writes for The Motley Fool.
“Why not sooner, or today, when a global sell-off has the iEmpire trading down by more than 4%? The Motley Fool’s disclosure policy requires that I wait 10 days to buy stock in a company I’ve written about,” Beyers writes.
“And yet the delay doesn’t bother me… I expect the irrational selling to continue for weeks, perhaps months,” Beyers writes.
“High growers deserve high multiples,” Beyers writes. “Apple isn’t getting one now, but I’m betting a portion of my retirement savings that, over the long haul, it will.”
Full article here.
[Thanks to MacDailyNews Reader “Judge Bork” for the heads up.]
This is a ploy to stop the bleeding. It will stop when it stops!
Apple’s $21 billion cash holdings is looking like a pretty smart strategy at this point. They’ll easily make it though this. Many criticized them for having this much cash.
I am buying right now, and will continue to do it. If you can, do it. Apple will be huge. Just buy and wait.
See: a crisis is a crisis, period.
Absolutelly every single share is an hazardous matter these days. Some want to turn to get hard cash only… But, there is a but… The actual (relatively) high value of the US $ is nothing but artificial. Almost all the banks of the world force themselves to buy american treasury bonds in spite of the catastrophic foreign depts of that country. It’s a dangerous game, because the US $ is sold 3 times the value it could justify… So what’s the solution? Maybe going back to gold and silver in bar…
I bought a block at 109 several days ago and another at 93 yesterday. If it goes to 80 I’ll bust open the piggy bank and get some more. Like all other depressions/recessions, this one too will end.
off topic, but i am a little bit concerned that there is no official invite to an apple event on oct. 14th. shouldn’n it be here by now?
@Jersey_Trader
I did the same thing. Dollar cost average on the down side. AAPL’s fundamentals are too strong especially compared to their peerss.
iPhone’s delayed revenues are huge and I don’t believe have been taken into account by most of these analysts.
I know not how the markets work, but say a companys stock drops to $0, does that mean they are officialy belly up bankrupt? Or is that when they crack open the war chest?
mw = military – nice one
$hit that I just don´t have ca$h right now. This sale would be a nice oppurtunity to buy more aapl. Now I do have 7800 pieces of Apple. Most of those I bough before the split, when the stock was just under $14. (invested some $60000 and currency rates apply)
EVEN APPLE CAN’T WEATHER A POST REAL ESTATE BUBBLE RECESSION!
You were warned many many months ago to take your profits.
Now you just have to cry.
Numerous reports show that people are only buying the necessities, not fancy over priced Apple hardware.
Heck, I may even build my own PC now.
When the stock hits $0, that means the STOCK is worthless. Says nothing at all about the company! Except that I’ll own a much larger slice of it as I bought more shares as it entered the single digits.
About the “Real Estate Bubble Recession” … that was just the first crack. This recession is more about the collapse brought on by the loss of stability that crack caused in the junk loans floated by greedy lenders. Related? Sure! But the same thing? Not quite. The Real Estate bubble was caused by over-enthusiastic purchasing. This current collapse was caused by bad-faith lending practices. Two sides of the same coin, but DIFFERENT sides. So, Raver, you go build your own PC. Can’t think of anyone more deserving.
“When the stock hits $0, that means the STOCK is worthless. “
But because the stock is an ownership interest in the company it means at $0 that no-one anywhere will give you any money to own the entire company.
That meets the entire company meets the generally accepted definition of WORTHLESS.
Usually well before then the company will have been delisted from major exchanges and if it had any real value would be acquired by someone trying to save it or someone who would tear it apart for any value it contained.
So, practically should a stock hit $0, the company is worthless.