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Stock market people

hobo9650hobo9650 Member Posts: 2,713 ✭✭✭
Apple stock went up by a bunch today.  Last Monday morning their stock was $370 per share, today it's$425+ and after hours it's $427+.  Apple announced a 4 for 1 stock split to happen 24 - 31 Aug.  Apple is holding $194 billion in cash reserve.  More than Walmart, Tesla and McDonalds - combined.  Apple is now the richest company in the world passing a Saudi company.

I"m enjoying the ride.  I'm buying again Monday.  Every share is more money.  I Think it will go to $500 a share this year.

Comments

  • Nanuq907Nanuq907 Member Posts: 119 ✭✭
    I made 5.06% on it after hours trading yesterday.  It's up 10.47% after hours tonight.

  • nmyersnmyers Member Posts: 16,175 ✭✭✭
    You do realize that the NYSE is the world's second largest Ponzi scheme?  (The largest is Social Security/Medicare.)
    Neal
  • us55840us55840 Member Posts: 30,968 ✭✭✭✭
    Playing the stock market is like gambling in the casino.
    For every winner, there is a loser ...... and there are more losers than winners which is why a casino never goes broke.
    So simple - strange many can't see it.
     :D 
    "This country, with its institutions, belongs to the people who inhabit it. Whenever they shall grow weary of the existing government, they can exercise their constitutional right of amending it, or exercise their revolutionary right to overthrow it." Abraham Lincoln
  • Rocky RaabRocky Raab Member Posts: 10,676 ✭✭✭
    Except that with the stock market you can bet on the house - and let it ride.
    I may be a bit crazy - but I didn't drive myself.
  • Nanuq907Nanuq907 Member Posts: 119 ✭✭

    Not so sure about the winners and losers. It’s not a zero sum game where there’s only a fixed amount of money that can be made. An expanding economy expands every necessary part of the economy. So if you put money in, say, Lowe’s hardware store and people start buying houses your stock goes up. If you invest in frivolous commodities then yeah, you’re gambling.

    Entertainment, communications, high tech, personal fashion ... people will always spend for those. Buy stocks accordingly.

    Perfect example, how’d you like to have bought QQQ in late March? I did.

    https://www.zacks.com/etf/chart.php?t=QQQ&charttype=comparative

  • mac10mac10 Member Posts: 802 ✭✭
    the tech and virus companys   are performing another round of pump and dump  greedy people never make it out before the dump
  • mogley98mogley98 Member Posts: 17,305 ✭✭✭
    They are all grossly over priced in my opinion, PE inflated above any reasonable amount. Apple had its day why pay more for a Apple product when I can buy a LG or other phone that does the same thing for soooooo much less. Fad buying should dry up when the Millenials realize Uncle Sam isn't going to support them. Robinhood App has brought many retail investors to the table regardless of how much is being made today I see a dark cloud on the horizon and will sit on cash earning next to nothing before I risk it all in the scheme. You used to look at a companies fundamentals when deciding to buy, today its the dream of riches with no regard to eventual profit
    Why don't we go to school and work on the weekends and take the week off!
  • SW0320SW0320 Member Posts: 1,156 ✭✭✭
    mogley98 said:
    They are all grossly over priced in my opinion, PE inflated above any reasonable amount. Apple had its day why pay more for a Apple product when I can buy a LG or other phone that does the same thing for soooooo much less. Fad buying should dry up when the Millenials realize Uncle Sam isn't going to support them. Robinhood App has brought many retail investors to the table regardless of how much is being made today I see a dark cloud on the horizon and will sit on cash earning next to nothing before I risk it all in the scheme. You used to look at a companies fundamentals when deciding to buy, today its the dream of riches with no regard to eventual profit
    I agree completely.
  • Nanuq907Nanuq907 Member Posts: 119 ✭✭
    Today's "grossly overpriced" is tomorrow's "bargain price".  Certainly the numbers aren't supported by real world facts, but there are tools to let you work with the numbers as they are, not as they "should be".
    Look at Trailing Stop Loss orders.  Say you buy a stock for $20 then place a sell trailing stop loss order with a $1 trail value.  While the stock value goes up, the sell order ratchets up too.  Say it reaches $27 (the pump) then turns around (the dump).  When it's dropped to $26 the order kicks in and sells.

  • bustedkneebustedknee Member Posts: 1,206 ✭✭✭
    edited August 3

    I played the market for years and like the lottery or slot machines there are lots of losers paying the few winners.

    The best you can hope for is to get swept along on the winners' coat tails.

    Just like gambling, set a limit the get out - greed is deadly.

    I love the sell order. I decide how much is a fair profit and submit my sell order the quit worrying about.


    Never forget the old rule of, buy low - sell high.

    I can't believe they misspelled "Pork and Beans!"
  • Don McManusDon McManus Member Posts: 21,638 ✭✭✭✭
    It is not gambling.

    It is not like the lottery, or slot machines or casinos, or the Irish Sweepstakes.

    It is a structure whereby almost anyone can buy a portion of any publicly traded company based upon whatever criteria that person chooses to use, and to either hold onto that portion of that company or sell that portion of that company.  Criteria can and do include dividend history, which will tell the buyer the kind of quarterly dividend they can expect to receive for their investment.  It includes potential growth and increased valuation which should be a reasoned and logical look at what one believes to the be potential capital return on the investment.  One can look at this from either a long term or short term standpoint.  History tells us that the long term approach has been quite successful across the board, and is probably the best approach if you have a few decades to weather the ups and downs.  In a volatile market such as we have been experiencing, particularly earlier this year, as short term approach can do well also.

    The short term approach is closer to gambling, I guess, but if done in a deliberate and disciplined manner, one can minimize losses and maximize profits based upon a little research and attention to world events.  The long term approach, while not guaranteed of course, will result in the growth of value at a much greater rate over time than virtually any other investment held for the same period.



     
    Freedom and a submissive populace cannot co-exist.

    Brad Steele
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