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Post by Apple II+ on Mar 28, 2017 19:19:02 GMT -8
I think it's great to be serious-minded and realistic about our investment in AAPL, but can we please take a full 24 hours here to be happy about today's surge in share price? Hear, hear! Go AAPL!
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Post by rickag on Mar 29, 2017 3:56:00 GMT -8
I always love a good example of Apple faithful. I was a later investor '98 or '99, AAPL was right below $13/share with a market cap ~= to cash & cash equivalents meaning the company had 0 value. I called Merril Lynch and was ready to buy $35000, ~ 1/2 my account, they told me Apple was failing so I waited a few days and bought only $10000 worth of shares @ ~ $19.xx/share. Later they convinced me to sell 100 shares as AAPL became too high a % of my account, bah ... idiots. I also felt Apple had a faithful following and wouldn't fail or at worst might be bought out by Sony or Sun Microsystems. Still in cash and looking for a re-entry point. Tax repatriation and corporate tax reform is getting closer. I bought between $17 and $20. How do I figure out my cost basis. I never sold,a share, held on, always took a very long term view. If I could have timed the market I would have but knew my limitations with timing. Worked out great anyway. For full disclosure my cost basis I use is for only my original purchase. My cost basis is only based on my original purchase divided by 2 again by 2 and again by 7 for each of the splits. I have not taken into account dividends. I did sell all AAPL when it dropped from ~$170 (re: I sold around $150 / 160) and bought back in @ $90, $120, $140 & $170.). I sold again around $500 & bought back in @ ~$525.
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