I heard it on Hardball where they said it was "down to 420" and tried to be sensitive enough not to rub it in. I also didn't think Enron was funny at all because of all of the lives it destroyed and the employees contributed to non-diversified financial accounts within the company.

Whether purchasing individual stocks or diversified in a mutual funds/retirement accounts, I remember one of the lessons from my father which is that being involved in the stock market is a gamble and that the entire principal can be lost. While I regret that some people have lost money, stocks may not be best place to place that money particularly if short-term considerations are important or if it cannot afford to be lost.

I hope Apple will return to higher prices in the future, but people also need to be realistic about the return on their investments and note that Apple was a bubble ready to burst.

we can do it

(12,190 posts)

7. and info stealing and selling Google at $821.50 is just a great deal?

Reply to TexasTowelie (Reply #3)

Mon Mar 4, 2013, 07:18 PM

Mar 2013

how about facecrook? How about all the teachers' and other public employees pension plans?

real fucking funny.

Logical

(22,457 posts)

10. So apple is less corrupt? n-t

Reply to we can do it (Reply #7)

Mon Mar 4, 2013, 07:32 PM

Mar 2013

we can do it

(12,190 posts)

11. Who said that? I only mentioned price.

Reply to Logical (Reply #10)

Mon Mar 4, 2013, 07:34 PM

Mar 2013

2ndAmForComputers

(3,527 posts)

5. Me, I believe it is OK to dislike a corporation.

Reply to we can do it (Reply #1)

Mon Mar 4, 2013, 07:08 PM

Mar 2013

And being public does not make one immune.

we can do it

(12,190 posts)

13. I agree about not liking a corporation, public or not.

Reply to 2ndAmForComputers (Reply #5)

Mon Mar 4, 2013, 07:35 PM

Mar 2013

But stock price affects quite a few of us here, and the company is still rolling in cash.

TexasTowelie

(112,350 posts)

17. Yes, it is still rolling in cash

Reply to we can do it (Reply #13)

Mon Mar 4, 2013, 09:41 PM

Mar 2013

but to expect that the stock price is always going to rise isn't realistic.

My question is why would any long-term investor consider investing in a company that didn't pay dividends between February 2005 and July 2012?

I don't know where you live, but in Texas the Employees Retirement System is only permitted to put a maximum of 1% of its assets into a particular stock to mitigate any sudden swings in stock price. If the pension funds that you are referring to are suffering that much because they don't have such rules, then you (and the other members) need to take that to the governing board instead of attacking someone on the Internet that was posting a passing comment on the price hitting an arbitrary benchmark. You might have even enjoyed the humor if the price went up to 420 instead of down to 420.

Again, I have sympathy if you've lost money. If you've held the stock for several years, then you are still in the black since the stock had exponential growth and it is a strong company. If you invested within the last year, then it has probably been a wash getting involved with Apple. However, if you believe so strongly in that stock, then now is an opportunity to pick up additional shares while the price is at a discount. Otherwise, I suggest that you diversify your portfolio.

From my personal point of view, I would enjoy being in a situation where I could afford to risk my money in the stock market for short term profits. Be grateful for what you have because there are plenty of people who aren't as fortunate.

Good luck with your investments. I've ridden the crazy train also when I joined an ESOP plan--most of my shares were purchased in the $120-$150 range and the stock plunged to $47 then turned back around and I sold at $273 about four years later. The fact that the shares plunged allowed me to acquire more stock and I profited handsomely but I also understood the risk involved.

we can do it

(12,190 posts)

20. I personally have not lost money. I also would like to know why you don't say this

Reply to TexasTowelie (Reply #17)

Tue Mar 5, 2013, 11:13 AM

Mar 2013

about other companies (Google for example).

TexasTowelie

(112,350 posts)

24. Look at post #3.

Reply to we can do it (Reply #20)

Tue Mar 5, 2013, 02:26 PM

Mar 2013

I heard the news when it was mentioned in the brief market report that was on Hardball yesterday. I don't monitor the stock market very closely and rarely look up the price of an individual stock since I don't hold any stocks. If it wasn't mentioned on TV, I would have completely overlooked the event.

If a stock gets to 420, the stock is widely held and I know about it, then I'll make a post. However, I'm not going to devote my life monitoring the market for stocks near that price. In other words, it was a coincidence.

Motown_Johnny

(22,308 posts)

2. .

Reply to TexasTowelie (Original post)

Mon Mar 4, 2013, 06:56 PM

Mar 2013

http://www.wikihow.com/Make-an-Apple-Pipe

TexasTowelie

(112,350 posts)

4. But it's 4:56!

Reply to Motown_Johnny (Reply #2)

Mon Mar 4, 2013, 07:06 PM

Mar 2013

Fire Walk With Me

(38,893 posts)

6. wait, whut?

Reply to TexasTowelie (Original post)

Mon Mar 4, 2013, 07:09 PM

Mar 2013

former9thward

(32,064 posts)

8. Warren Buffet was interviewed about Apple today.

Reply to TexasTowelie (Original post)

Mon Mar 4, 2013, 07:30 PM

Mar 2013

He said the stock of his company Berkshire had been down by 50% many times.

liberal_at_heart

(12,081 posts)

9. Apple is far from my favorite company

Reply to TexasTowelie (Original post)

Mon Mar 4, 2013, 07:31 PM

Mar 2013

avoiding taxes, paying Chinese workers nickles and dimes to make them billions. But my legally blind husband loves his iphone. It helps him do things he couldn't do before. The talking touch screen is amazing. The zoom capabilities allow him to see things he wouldn't otherwise be able to see. He is using an old OS so he is still able to use Google maps which helps him get around. He is applying to get an ipad through the Department for the Services for the Blind.