Apple at $331.75: A new all-time intraday high

11 Comments

  1. Jerry Doyle said:
    A V-shape recovery! Today’s jobs report is going to hasten the return to normalcy.

    Laissez le bon temps rouler!
    Geaux Banque centrale!
    Geaux Apple!

    3
    June 5, 2020
  2. Frank Pedron said:
    It’s kind of a bittersweet moment for me. Glad I’m sitting in the train as it’s leaving the station but I’m looking at some of my luggage still sitting on the platform.

    I converted a sizeable chunk of AAPL into cash about $40.00 ago thinking the stock was going to sink farther into the abyss, which it did, and that I would get back in at the low point, which I didn’t.

    Fortunately, that chunk is in a tax sheltered account so no loss other the the missed appreciation.

    I find that sitting on a bunch of dry powder has a calming effect when I rest my head on a pillow for the night but scares me in the early hours as images of exotic German and Italian vehicles swirl around in my head.

    Then I remind myself that wishing for such things is often more exciting than actually having them, unless one lives in Germany. Long live the Autobahn and the Nurburgring!

    Sorry for the rambling. 🙂

    3
    June 5, 2020
  3. Frank Pedron said:
    Oh, and I forgot to congratulate my fellow longs, in particular those who had the wherewithal to hang in there when the roller coaster was in free fall.

    6
    June 5, 2020
  4. Bart Yee said:
    A post of mine in another forum:
    “When Cook acknowledged China demand issues in Jan 2019, the stock had already declined on rumors and plummeted from a Sept 30 high of $224 down to a low of $142. If you didn’t sell or capitulate, you lost NOTHING. I panicked a little and sold off some shares to the tune of 6 figures, I still profited (shares held a looong time) but had a “loss” since I didn’t sell at >$175-$200 from $234. So what, it was my decision, I knew exactly what I did, I take that responsibility, and I certainly didn’t blame Cook for Apple’s fall, only Individual #1 because HE precipitated the China market change (plus a general selloff if the US stock market in Q1 2020).

    Guess what, I bought back some Apple (and MSFT) shares back on the way up. And by trusting Cook and Apple, I have been amply rewarded because by Mid Oct 2019, Apple blew right by $235 all the way to $327 on Feb 12, 2020, completely erasing any losses I had and adding in more value than I had at the $234 high even with reduced # of shares.”

    2
    June 5, 2020
  5. Bart Yee said:
    “And when Covid hit and Apple fell again, I had learned. I held and waited, watched it drop to $212, added more on the way up, and today, June 4, Apple is only $2 away from its all time high. AGAIN! Some said sell, take profits (and some tax hits), then buy in when low. That’s for traders and timers, they’ll do their thing. Me, I’m a long term investor so these are bumps in the long, generally positive climb that AAPL has been on for the past several years, all while Tim Cook has been the CEO.”

    Today June 6 is further vindication. Sure, sell high, buy low traders and timers may make more (and sometimes add tax hits), but steady growth, even with the inevitable pullbacks is better IMO than being greedy.

    1
    June 5, 2020
    • Aaron Belich said:
      Bravo Bart! I too have been picking up $AAPL on these dips, amongst other industry leaders.

      I’m small potatoes compared to the greats on this board. In the two years that I started my small portfolio, I finally, almost, reached a gain of 25% before March hit. And now I’m rocketing up through 50% gains just three months later.

      I know this can’t last forever, and the bad choices in the portfolio are going to start cutting into the good choices (as they have in the past). But as an investing newbie, I’m incredibly excited for the future.

      1
      June 5, 2020
  6. John Konopka said:
    $331.75, wow. The trailing P/E is now 27.81. Guess I’ll be underwater soon. I picked $340 for next April.

    I’m bullish on Apple long term, but I’m skittish about the next year.

    Is the big money really bullish on Apple or do they see it as a safe harbor?

    1
    June 5, 2020
  7. Mordechai Beizer said:
    My guess is that Apple is perceived as more of a safe harbor. Also, there’s a lot of herd behavior among institutional money managers.

    2
    June 5, 2020
    • John Konopka said:
      Recently the Swiss Central Bank bought several million shares, and the Gates foundation bought a bunch recently. With AAPL near all time highs when they did that it makes you wonder if they are more worried about the rest of the market tanking or do they see that Apple has such a bright future? They could have bought in last year at half this price. Same company, same prospects. Maybe now the rest of the world looks more dangerous.

      0
      June 5, 2020
    • Bart Yee said:
      Plus they need to show their investors and clients that they had some Apple in their portfolio if they were to have any credibility.

      0
      June 8, 2020

Leave a Reply