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Post by CdnPhoto on Nov 10, 2023 5:04:22 GMT -8
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nwjade
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Post by nwjade on Nov 10, 2023 10:04:53 GMT -8
I believe today is Ex-Date
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Post by zebrum on Nov 10, 2023 12:41:30 GMT -8
If it goes over the recent peak of 189 then it’s a clear sign the hedge funds have bought back everything they dumped
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Post by Luckychoices on Nov 10, 2023 13:28:49 GMT -8
OK, so I couldn't resist plugging this week's values into my spreadsheet and appreciating how the 7 stocks were green two weeks in a row...except for TSLA which finished red this week. Just a reminder, the % shows today's price at market close compared to an ATH from 2021 or 2022. AAPL and MSFT are the only two stocks of the seven which have a new ATH set in 2023. AAPL has done really well recently...and MSFT is killing it at 109% of its *former* ATH from 2 years ago. All in all...not a bad week to be invested in AAPL or MSFT.
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crispin
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KBJ for the win. AAPL long and strong since 2000
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Post by crispin on Nov 10, 2023 14:01:35 GMT -8
Any other longs remember the $86.40 that stood as a high water mark for AAPL for nearly all of 2006? Funny to see it again, albeit with another $100 added, plus several splits... But it did give me surprise to see that number again.
Not a bad week for a company that was doomed only a few days ago ; )
Enjoy the weekend all.
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nwjade
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Post by nwjade on Nov 10, 2023 14:30:55 GMT -8
Anyone other longs remember the $86.40 that stood as a high water mark for AAPL for nearly all of 2006? Funny to see it again, albeit with another $100 added, plus several splits... But it did give me surprise to see that number again. Not a bad week for a company that was doomed only a few days ago ; ) Enjoy the weekend all. October 2006, I remember it well! That's when I went all in on aapl @ ~$3.00 per share split adjusted. Best decision I ever made... As of today's close a 62x gain
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4aapl
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Post by 4aapl on Nov 10, 2023 20:36:35 GMT -8
Anyone other longs remember the $86.40 that stood as a high water mark for AAPL for nearly all of 2006? Funny to see it again, albeit with another $100 added, plus several splits... But it did give me surprise to see that number again. Not a bad week for a company that was doomed only a few days ago ; ) Enjoy the weekend all. October 2006, I remember it well! That's when I went all in on aapl @ ~$3.00 per share split adjusted. Best decision I ever made... As of today's close a 62x gain But just 2 years later, the drops in 2008 were wicked. Looking at the historical quotes, and maybe not getting the absolute top and bottom, I see a 55% drop in 3 months, from the middle of August (6.40 closing price) to the middle of November (2.87 closing price). Somewhere in there I had to sell a portion due to a margin call, and then sold enough that I didn't expect to have any more margin calls. That was at pennies above the then price of $95, selling 5,000 shares one afternoon. Those would be worth a pretty penny now. yahoo historic AAPL quotes for 2005-2008But we were able to hold onto many shares, so we're doing pretty well, giving time to put in three 8+ hour days of work on opening a new trail. It's not a huge one, but it's nice to get it open before another round of snow next week. While it's likely that at lower elevations we have up to a month until the snow sticks for the season, like with AAPL each year is a little different.
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Post by zebrum on Nov 11, 2023 1:37:06 GMT -8
OK, so I couldn't resist plugging this week's values into my spreadsheet and appreciating how the 7 stocks were green two weeks in a row...except for TSLA which finished red this week. Just a reminder, the % shows today's price at market close compared to an ATH from 2021 or 2022. AAPL and MSFT are the only two stocks of the seven which have a new ATH set in 2023. View AttachmentAAPL has done really well recently...and MSFT is killing it at 109% of its *former* ATH from 2 years ago. View AttachmentAll in all...not a bad week to be invested in AAPL or MSFT. For those that bought at the previous MSFT ATH a 9% gain in 2 years is pretty bad though and those people might have their finger on the sell button looking to get out of the market after years of pain and get a high interest savings account for guaranteed gains higher than that and no stress. I think most expect 10% per year from stocks so perhaps we should be watching out for when MSFT & AAPL are getting close to 20% above prev ATH.
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4aapl
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Post by 4aapl on Nov 11, 2023 8:17:08 GMT -8
For those that bought at the previous MSFT ATH a 9% gain in 2 years is pretty bad though and those people might have their finger on the sell button looking to get out of the market after years of pain and get a high interest savings account for guaranteed gains higher than that and no stress. I think most expect 10% per year from stocks so perhaps we should be watching out for when MSFT & AAPL are getting close to 20% above prev ATH. That's a good thought, but I think a lot of investors have, or if not should have, a realistic view on investment appreciation during a downturn. For those that don't, they are probably even more tied to the psychological boost by quick upward movements like we have seen in the last couple weeks or month. I imagine that if they have held for 2 years now, they will probably keep on holding a bit more. The market it made up of such a broad range of investors, so I'm sure there are some that are ready to sell, tired of it all and wanting to get out for a slight profit. Or that have big ticket items to buy or other needs for the funds. Or borrowed, and want to borrow less, especially at these rates. And there are probably a lot of other reasons too. FWIW, I happen to want to sell a little to bring down our borrowing, though it's partially also a tax management issue both with LTCG but also with dividends vs interest write-offs that only work when we itemize and have short term gains. But I am willing to wait until I feel AAPL is fairly valued or even above value.
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nwjade
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Post by nwjade on Nov 11, 2023 9:04:21 GMT -8
October 2006, I remember it well! That's when I went all in on aapl @ ~$3.00 per share split adjusted. Best decision I ever made... As of today's close a 62x gain But just 2 years later, the drops in 2008 were wicked. Looking at the historical quotes, and maybe not getting the absolute top and bottom, I see a 55% drop in 3 months, from the middle of August (6.40 closing price) to the middle of November (2.87 closing price). Somewhere in there I had to sell a portion due to a margin call, and then sold enough that I didn't expect to have any more margin calls. That was at pennies above the then price of $95, selling 5,000 shares one afternoon. Those would be worth a pretty penny now. yahoo historic AAPL quotes for 2005-2008But we were able to hold onto many shares, so we're doing pretty well, giving time to put in three 8+ hour days of work on opening a new trail. It's not a huge one, but it's nice to get it open before another round of snow next week. While it's likely that at lower elevations we have up to a month until the snow sticks for the season, like with AAPL each year is a little different. I hear you on margin calls. Back during the .com boom in early 1997 I was all in using margin on Dell Computer. It was the first stock I really hit it big with. In the late 90's it went through 4 2:1 stock splits over a period of about 18 months. It was incredible but when things turned and the boom turned to bust Sept 2000 I had to sell out well off the peak of early 2000 to fend off the margin calls. I still made good money but that was my never again trial by fire moment using margin.
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4aapl
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Post by 4aapl on Nov 11, 2023 10:26:56 GMT -8
I hear you on margin calls. Back during the .com boom in early 1997 I was all in using margin on Dell Computer. It was the first stock I really hit it big with. In the late 90's it went through 4 2:1 stock splits over a period of about 18 months. It was incredible but when things turned and the boom turned to bust Sept 2000 I had to sell out well off the peak of early 2000 to fend off the margin calls. I still made good money but that was my never again trial by fire moment using margin. Yep, I had some margin calls there in September of 2000. I'm not sure if I also had margin calls in January and the fall of 2008, I might have headed that one off when it was bad but not terrible, but I think those were the 3 major falls my portfolio had, all around a paper loss from the top of 85%. Those in 2008 were due to leverage via options, instead of just margin. It's a different beast, but still a beast that can turn on you. Today we only borrow a small percent, even if it might be a large dollar figure. I never want to be in that situation again, but that's part of learning lessons when your account was relatively small that is just hard to learn without first hand experience.
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