Werlingdervish

Apple Doubling Again in 2007?

Uh, by accident, I sold my last 45 shares (22.5 original shares) of Apple purchased for $8.95 on 5/30/2003 a couple of weeks ago for $143.67 a share or a 16.05 fold increase, so go figure. Gain was $6053 on a investment of $403 dollars. Since I have lots of capital gains on my other Apple share lots I found it best to hold old shares for gifts to charity since one's cost basis is $403 and your charitable gift is worth $5600 and the charity takes on the full gain if you simply transfer the stock and not sell it first. This makes a nice deduction to gains on more recent shares sold for personal use. That is why I regret accidently selling the shares--because good capitalists are so favored by our tax code.

PS. Sorry that missed the technical definition of tipping point. I meant that we only now tipping toward a rush toward the Mac platform expressed here and many places. There may be some corrections based on the larger economy, but investing in Apple for the long run is gold. Microsoft overturned IBM. Right now Apple is in the critical first stages of overturning Microsoft. Vista and MS are the beached whales on the shoreline of the New Web 2 world dying in the surf of Apple's timely innovations and marketing skills. Gee, I'm a poet.