Seeking Alpha:
I like to focus on my average cost on a given stock. And buying on the way down lowers your average cost. I have taken my average cost in GOOG from over $400 to around $350 and if the good till filled orders I placed this morning get filled, I’ll take it to below $320.
I have the same strategy. My average cost on AAPL is $99.00, but not after I buy it again at $89.
Tag Archive for 'AAPL'
Tuesday, November 11, 2008
Zaky:
[This] would be the largest revenue beat by any company I’ve ever seen.
My post yesterday on why I own AAPL is right in line with renound Apple analyst Andy Zaky. He knows more about it than I do, and we are on the same brainwave.
Monday, November 10, 2008
As the markets continue to put our money on a roller coaster ride of speculation, for the average investor, those who don’t make hundreds of trades a day selling stocks for 2 cents more than you bought them for, there are very few companies with such great investing opportunity as Apple, Inc. As the broad market downturns scare away would-be investors, I have been buying up Apple stock like it is going out of style. Why, you ask? Here are a couple of reasons:
- AAPL is a company with strong books and increasing revenue.
- Apple has not missed earnings in the past four years.
- Apple has 25 Billion dollars in cash reserves. As of now, their market cap is only 2.5x the amount they have in cash
- When people are asked to name a company that is innovative, Apple is a company that always comes up. Steve Jobs said it best, Apple will innovate itself out of a recession.
Apple has a 52-Week high of 202.96 and it is currently trading at less than half of that. It would not be far fetched to say AAPL could easily hit the $150 price point in 2009. This price point is easy to hit because when you look at Apple today vs. one year ago, nothing has changed. Apple still dominates that consumer smartphone category, they are still the #1 notebook on college campuses, and sales of Macs have never been higher, their stock price is just getting hammered due to overall economic uncertainty.
To summarize, I am long on Apple, but expect the stock to hit $150 in 2009.
Disclaimer: I am not an analyst, so don’t take my comments to the bank.