Can the Apple slingshot halt the selloff? (2024)

10 Comments

1. Apple’s on solid ground, no matter what anyone says or does.

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2. What if? Apple slingshot? Fancy words for “maybe” and “here is a possible reason.”

   The market is, in theory, unpredictable in the short term except by those with “additional” information or extraordinary resources and access with which to influence the outcome. If the people working for The Street and other analysts such as Jim Goldman could actually predict anything with even a small amount of regularity, then they would likely have become as revered (and as wealthy) as Mr. Warren Buffett. Instead, they are taking a paycheck to feed you guesses as to what might happen next, and speculation as to why that might be the case.

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   In general, I believe that the best approach in an otherwise unequal situation for small investors is to go with no-load mutual funds in a buy-and-hold strategy. You can try some timing if you see a situation building up, but you might jump out and back in too early or too late. If you have a strong relationship with a few companies (say Apple), then you can invest some of your money in individual stocks through a discount broker. Even with mistakes in timing, I have made a bit of money off of Apple (although not nearly as much as I should have made this decade).

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3. I’d say Apple’s U.S. and European sales won’t be on fire like during the iPod days, but on the other hand Apple’s other international sales will more than make up for it.

   Apple is also casting bigger nets all the time.

   Apple is being driven down now for the post holiday/new year product announcement stock boost.

   I’d buy, the worst it could do is break even after the new year.

   Of course a stock split would be nice, bring the per share price down so more home gamers can play.

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4. For the individual stock holder, the best way to earn money is long term. Apple is a good stock to do this with.

   My initial investment, after buying in a few years ago at under $100 a share, is now worth almost three times what it was when I bought it.

   I don’t see it tanking to where I would lose money any time soon, so I’ll just hang in there until I need the money, then I’l sell.

   Simple, easy and profitable.

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5. An Apple Slingshot. What would it look like? The mind boggles.

   One thing’s for sure. You could walk to the nearest woods and hunt your dinner with it after the Greenies outlaw food transportation using internal combustion engines.

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6. Schwarz is using pre-recession metrics. Besides, The Street writes BS about Apple on a consistent basis.

   MW: death-don’t know how to interpret that!

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7. @Bunches

   Seriously? The stock split nonsense again? Please explain why a high stock price keeps investors out of buying. I’d love to hear your rationale.

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8. Other companies would build slingshots with extra features, like a Swiss Army knife. Up to the moment that Apple rolls out a iTrebuchet.

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9. @ KingMel and rwahrens

   I agree that long term is best for te average investor. I was caught out when appl surged on iPod news having sold the stock expecting a drop after earnings release. Ultimately bought the same number of shares at 3 times the price. Still the stock has increased 4 times since then.

   Appl stock is being constantly manipulated by brokers for their own ends since they know it is very stable financially but has a lot of hype attached to it.

   @ Bunches

   Apple’s sales is up to 4 times more than in the glory iPod days so I don’t get what you’re saying.

   I do agree that Apple has a wider portfolio than ever before. This will improve the prospect for a stock price rise since their profits are increasing rapidly.

   Apple don’t need a stock split. It will just cost money and not benefit the company at all.

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10. “Apple’s on solid ground, no matter what anyone says or does.” —breeze

    I agree! Apple stockholders are totally obsessed with Apple’s share price and see nothing else. The stock falls $5 and everybody’s going “Oh, is Apple going to make it?” Ridiculous!!!

    Reply

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