I never did get into the Apple fad and Ive always been cautious of Bill Gates. Hence my operating system is Ubuntu.
That said, I knew Apple was a great brand back when I bought in at $180 or so. Near the end of 2011 when the stock hit $400 I decided to sell thinking it had peaked. I was wrong :) My wife noted every time Apple peaked higher and higher and how wrong I was to sell. Forward to last year. I thought for SURE Apple had peaked at $700. I got back in, but this time I shorted the stock and have been enjoying the ride down.
$400 sounds like a good point to me. Its still a great company with great products, just overpriced. Way overpriced.
I'd Pay $400 For 'This Apple' [View article]
That said, I knew Apple was a great brand back when I bought in at $180 or so. Near the end of 2011 when the stock hit $400 I decided to sell thinking it had peaked. I was wrong :) My wife noted every time Apple peaked higher and higher and how wrong I was to sell. Forward to last year. I thought for SURE Apple had peaked at $700. I got back in, but this time I shorted the stock and have been enjoying the ride down.
$400 sounds like a good point to me. Its still a great company with great products, just overpriced. Way overpriced.