Keeping with my ‘buy high and sell low’ strategy, I am getting back into AAPL.
Seriously, the market pull-back and AAPL profit taking was much less than I expected. It appears people were happy enough with what they saw at the WWDC, and the absense of Steve Jobs’s didn’t get much notice.
As a result, I am making a timid foray back into AAPL at $137, and looking to accumulate more if it drops.
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I have enjoyed the rapid run up in AAPL lately, and today I am getting my whole stake out at $133 ish. The main reason is that I am starting to feel greedy (a sure sign you should sell), and my spidey senses are telling me the market is getting ready for a big drop when the GM-crud hits the fan.
Also, Morgan Stanley upgraded AAPL his morning with their target price going from $105 (duh) to $180… when the analysts start pointing out what is obvious (to me) it gets me worried.
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I was enjoying an audio book called “Brain Rules: 12 Principles for Surviving and Thriving at Work, Home, and School” by John Medina and I ran into a situation which really made me stop and think about just how awesome mobile internet is:
The author was describing a pivotal event in his life, that guided him to a career in math and science. It was a trip with his mother to see the Disney Movie “Donald in Mathmagic Land” which he cited as one of the best uses of pictures to teach a subject. It apparently was also good enough for an Oscar nomination in 1959 (won by ‘Glas’, -a movie on glass-blowing set to a jazzy score- so in hindsight perhaps not a hot year for short films).
I had the sudden urge to pause the book, and get a visual idea of what he was talking about. A quick search on the iPhone’s YouTube application found the short (below in 3 parts) and I was able to watch it, then return to the book with a much richer perspective on what the author was trying to explain. Imagine trying to do that on your PHONE 3 years ago? Wow!
So not only does my iPhone allow me to get through 2-3 books per month (in contrast to my previous 0), but I can also get much more context on the material I am ‘reading’. Pure heaven for a geek like myself!
And some good mathemagical tips on playing pool:
Filed under: Apple, Books, Movies, Rants & Raves, Telecommunications | Tagged: Disney, Donald Duck, Mathematics, Mobile Internet, Teaching | Leave a Comment »
This really has nothing to do with any negative news I expect out of Apple, rather, based on just how garbage the market has been, I am starting to lose faith that Apple can remain buoyant surrounded by such an awful market.
I managed to get out early today at $90.00 (a market order, so such an even number was a surprise), before the stock and the rest of the market took a big dive.
The major factor which is getting me out is the strength of the US dollar. It is getting close to a 1.30 exchange rate, with my average exchange for the purchase of the shares in the 1.13 range. This means my gains in the exchange rate are pretty much making up for any losses in the stock. I am reducing my stake with the expectation that more buying opportunities await near the bottom of this market which I don’t think we have hit yet. Also, as the market does improve, the exhange rate should become more favourable for buying USD instead of selling them like I plan to.
Its a testament to the strength of Apple’s business that I have managed to pretty much break even on their shares in such a horrible market.
Filed under: Apple, Finance, Public Companies, investment | Leave a Comment »
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