chinacat
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AAPL Long since 2006
Posts: 4,429
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Post by chinacat on Oct 27, 2019 8:10:00 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,429
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Post by chinacat on Oct 27, 2019 9:26:22 GMT -8
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Post by Luckychoices on Oct 27, 2019 11:32:29 GMT -8
Great article*, chinacat! Thanks for posting it. *Naturally, one reason I consider it a great article is because I feel the same. I occasionally spend some time on Seeking Alpha to read comments under the Apple/AAPL articles. The only time I tend to respond to comments is when someone portrays AAPL Longs as poor investors because they "lose money" during AAPL share price pullbacks. For example, I can always depend on a certain guy(username: AgileDave) showing up in the comments section and he always has the same message. In this case the article was published on 10/04/18 and was titled, coincidently enough, "Buffett Should Sell Apple: First Trillion Bagged While Risks Mount". To a reader who commented several days ago, " I wonder if the writer has noticed that Apple is at record highs?", AgileDave had this response: ============== AgileDave Comments (11756) A year later it's back where it was. Not impressive for alpha seekers. Author correctly predicted the horrible crash. With the excellent rebound, a year of dead money. Normal people would compliment that. Doesn't matter how much Apple is making, only how much we're making. Congrats to those who took advantage of the rebounds. Condolences to those who suffered the horrible crashes.
============== In past responses on SA, I've also compared long term investments as being similar to owning one's home. Living in the San Francisco Bay Area, I've seen several boom and busts periods in the real estate market over the last 30 years, but when the selling price of our home has decreased during a down real estate market, I've never kicked myself for not selling during the boom period. That would be ridiculous, IMO, unless we would have used the money to buy a more expensive home. I responded to his initial comment and stated that, as a long term AAPL investor, my wife and I did just fine over the last year because of AAPL dividends and included a few numbers to make my point. This was his response to my comment: ============== AgileDave Comments (11756) Those who understand math would realize how much better they would have done by avoiding the recurring horrible crashes. It's good that some investors are so easily satisfied. Makes it easier for the rest of us. As I've told LC, it's better if you don't do the math.============== And finally (I promise), this was *my* response to his comment: @agiledave said: === "As I've told LC, it's better if you don't do the math."=== *** It's *better* if you don't do the math? Oh. That must be why you avoid giving *any* numbers at all when you say things like, "Those who understand math would realize how much better they would have done by avoiding the recurring horrible crashes". I'm never embarrassed to give *my* numbers, Agile, I've done so many times on SA. Why are you so reluctant to ever give yours? Asking for a friend. I'm pretty certain he'll have a reply to my comment but I'm also pretty sure his reply will contain *only* words and no numbers, whatsoever. Cheers to the AAPL Longs!! So glad to have so many of us on AFB who are willing to endure AAPL's "horrible crashes".
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,429
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Post by chinacat on Oct 27, 2019 19:16:45 GMT -8
I guess no one was excited by the largest weekly gain since June.
Thanks to Luckychoices for his support.
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