With Macworld set to rile up the faithful tomorrow, you may be interested in how Apple’s (AAPL) stock has done this week. Is it possible to make money off the Apple keynote talks given by Steve Jobs?
Well, here’s your answer:
The Apple MacWorld Trade
January 14, 2008 9:30am by Barry Ritholtz
This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers Please see disclosures here: https://ritholtzwealth.com/blog-disclosures/
What's been said:
Discussions found on the web:Posted Under
Previous Post
Equities, Earnings and RecessionsNext Post
Baltic Dry Shipping Index
Premiums on options for Jan. and Feb are ridiculous…..both sides.
Ciao
MS
In that case, you should write them =).
AAPL’s been hammered recently. I think it’s just recession jitters. Yes, we’re in recession, but if I need a computer, I’m still buying one.
the recent small drop in apple hardly qualifies as being hammered but it depends from what your perspective is. Recent purchase??
Ciao
MS
the only people hammered in Apple are those who bought Puts on Friday’s drop……….
+APVMN
Ciao
MS
“the recent small drop in apple hardly qualifies as being hammered but it depends from what your perspective is. Recent purchase??”
Actually, I’ve held since 2001, adding along the way. Most recent purchase at $85 last March.
I guess I’m just feeling “irrational exuberance” based on breaking the arbitrary $200 barrier in December.
tom b:
are you going to keep holding after it crosses 200-220, after earnings report?
or do you think its time for major correction in all growth stocks like aapl, amzn, goog, rimm etc??
“are you going to keep holding after it crosses 200-220, after earnings report?”
I’m not using a target price.
I’m an individual investor with a long perspective, and I’ve followed Apple’s technologies a long time. I think they could plausibly hit 20% US computer market share in the next two years, with continued consumer interest and maybe some businesses signing on. The iPhone/iPod numbers will be in with the quarterly, and, when I look at the iPhone, I’m always remembering that weaker products, like the Razr have sold 100 million units.
So, what I’m looking for for a potential “sell” signal are signs of Mac sales saturating. In principle, with dual-boot Mac Windows laptops, 100% of computer people could end up owning Macs within a couple of upgrade cycles, but I’m not betting my money on that proposition. I’m tracking Mac year over year sales and keeping one eye on iStuff unit sales.
Addition:
I bought my GOOG at 473 in April. GOOG’s got great numbers and no competitors FOR NOW. I want to double my money, but I will look for favorable or unfavorable trends and my bail early.
AMZN has high P/E; low margin; and is doing lots of stupid things these days:Unbox movie downloads; the Kindle Reader; MP3 downloads. I have NO interest in risking my money on them.
RIMM may be OK for a few years, but its longer-term future is uncertain until we know more about what the iPhone is doing. I’d rather risk too much exposure to AAPL or GOOG than any exposure to RIMM, personally.
I think we will probably see a rise in Apple stock after this evenings keynote. Granted it will probably be smaller due to current economic worries but there is no underestimating brand loyalty when it comes to Apple. The launch of a new product (like the much rumored ultra-portable) would certainly cause some action. While Apple products may be seen as expensive and with less money in their pocket a consumer is less likely to purchase, their position as a desirable marque will surely keep them afloat.