News, info, and opinion by Mac users, for Mac users.

December 27, 2007

business

Apple shares >= $200

Posted Dec. 27, ’07, 12:50 PM PT by Dan Pourhadi
Category | Business

applestock200.jpgSell your Apple stock! Sell your Apple stock!*

Why? I’ll tell you why. It’s gonna crash, that’s why. So sell it now. Everyone else is gonna sell theirs. You better sell, too, so you don’t lose a bunch of money, you know? I mean, hell, look at it: Apple stock passed $200/share…$200 a share! You’d be crazy to not sell.

Here are the facts: Apple passed $200 yesterday and today, putting their market cap at over $169 billion. 169,000,000,000. Look at that number! It’s big! With lots of zeros! Three years ago In 2003 (wow, time flies), the company’s shares were, what, $13 (split-adjusted to $6.50, notes a reader)? Right before the launch of the iTunes Music Store. Now look at it. Over $200.

The image illustrates Apple’s two year growth. Now, a wise investor would look at that dramatic climb and think, “What goes up must come down,” and sell. Are you a wise investor? Do you really think the price could go any higher? Do you really believe those “analysts” who think the shares will hit $300 by the end of 2008? You shouldn’t. No sir.

You should sell. Before it’s too late.

[*Disclaimer: Dan Pourhadi is a bitter former-owner of Apple stock, who sold his shares way too early and will do anything to bring the stock price back down.]


6 Comments

Anonymous said:

Apple announced the iTunes store in April 2003.

The week before that Apple stock was indeed at $13. But the stock has split once since then, so it was really at a split adjusted $6.50.

December 27, 2007 1:15 PM
Anonymous said:

The said sell Goog @ $250 and looke where it is now! Ughh!

December 27, 2007 1:58 PM
Walt Author Profile Page said:

The only reason Apple stock has "gone down" and stayed since 98 and 99 is because of stock splits. I can't remember where I saw it, but I remember reading that they wanted to do like Google and not split the stock. See how far it goes. Or something. That's not a crash.

Before, they would let it go up to around $60-70 and then do a 2 for 1 split. Way different than a crash.

December 27, 2007 2:23 PM
sdkay said:

WARNING: Pedantic Comment Ahead

>= means 'greater than or equal to' in most languages. Besides the fact that Apple's stock is currently (According to Google Finanace's real-time quotes, at least) at 198.75, it would be less confusing to put the greater than sign, though either way would be correct if Apple's stock was in fact greater than or equal to $200.

Ahem.

I would like to note that 169,000,000,000 is a very large number indeed.

December 27, 2007 5:27 PM
free ipod touch said:

I'll hold out to $250, and then sell.

December 27, 2007 5:57 PM
Yumbo said:

How, where etc. does one buy Apple stock?

December 28, 2007 12:34 PM

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