- 6 January 2009
Anyone buying aaple stock at this price? Or you think it will go lower?
Dam $89, lucky guy. That's awesome
Risk versus reward is not favorable at >$550. The market in general is over valued. Europe is breaking as we speak and we've done nothing to deal with our structural problems. I'd let the market experience some pain before initiating any large positions. As long as AAPL continues to make these levels of profits, the stock is going to go up given its current valuation (reasonable if you think its previous increase in growth will remain).
Here is a startling statistic for you - AAPL's paltry dividend is 2nd only to XOM (one of the most famous dividend paying stocks in history) in total outlays to shareholders via dividend in dollar amounts. It's barely less than XOM to boot.
Sahtt, I value your opinion, so I was wondering if you can advise at what price you think MS is a buy?
I've got limits at $12.5, just curious if you think this is a risk.
One company is supporting my portfolio right now, stock GV.
I bought in huge (for me) at 0.26 in the fall through winter, as the book value was 0.57 at the time. Just sold my position recently.
I do not have a specific opinion on Morgan Stanley. My overall view on financials is still negative. For a trade, there is a decent probably the stock bounces off the $12 level. The 2yr chart is awful though. Ignoring the fundamentals, what would your goal be? Stop at $8 and limit sell at $24? Unless something changes, I wouldn't expect much of a move above $20. This puts the risk vs reward in the unfavorable category. Now if you think there are fundamentals in play that change the probabilities (my guess is they'd be even more negative), that's a different story.
Good trade with GV; especially if you knew the recent bump was coming. I typically do not mess with low dollar stocks. I do have a medium sized position in a small 200-300 million market cap drilling company but it's purely speculative. I am half way through an interdisciplinary graduate degree in geosciences/petroleum engineering and think I have an edge on what this particular driller is up to and how to value their assets. That being said, the mere fact I think I have an edge makes me weary.