I have researched the stock and it is currently a "moderate buy" and is anticipated to have about a 10% gain this year. I love the new iMac and think that will be a huge plus for the company.
With this jumpy market I was going to put in a buy with a market limit. Any help would be appreciated.
2007-08-15 11:29:49 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
I will be buying only about 10 shares, if I buy any.
2007-08-15 11:54:18 · update #1
It's great that you're considering buying stock. Apple is a great company, some would argue that it's still overpriced at its current level.
I'm glad you did research. I hope you don't consider advise from strangers (whose qualifications or motives can't be checked) seriously.
It's hard to find a good area of support that a stock (like Apple) has, considering how straight up its gone. A limit order is a good idea, a better idea might be a "buy stop".
I'd suggest a "buy stop" at $133.50. In other words the "buy" won't go through until the stock hits that point. Using a chart you can adjust that amount down, as Apple stock goes down.
This may seem crazy, but.... it's the way most professional traders look at an "entry".
Hopefully "Apple" will be a very small part of your "asset allocation". You wouldn't want to lose a significant amount of your assets.
2007-08-15 11:57:14 · answer #1 · answered by Common Sense 7 · 1⤊ 0⤋
A stockbroker said it looked like a great buy, four years ago, at $18.00 a share.
It already traded near $150.00, but has since sold off to around $119.00.
I wouldn't buy anything now that the market is in severe sell-off mode.
Had you bought "puts" on Apple when it surged ahead last month, you'd have made enough money to buy some shares during this crisis period we're now in.
But who could have told us that the market was going to sell-off?
Personally, I like the prospects for the Blackberry.
The stock of Research in Motion (RIMM) is still over $200.00 a share, and will split three for one soon.
Again, caution is what you need now.
When you feel the time is right, then just buy it at the market price, but don't buy too much, because you might be able to get more shares cheaper.
Should the housing debacle spill over to other companies, AAPL and many other solid looking companies may keep dropping.
I had to tell you this because I wanted to warn you.
2007-08-15 18:46:52 · answer #2 · answered by Anonymous · 0⤊ 0⤋
if you can watch the mkt, i wouldn't actually put in a limit order, i'd decide my limit price, and then watch - you might get a better buying opportunity if it opens down big (without good reason) one day. if you have a limit in there above it, it may very well get filled at a higher price, so watch out for that, if you can.
seems like a pretty good buy at current levels, but it has had a big run.
go to vectorvest and you can get a free email report on the stock - with buy levels in it.
2007-08-15 18:37:51 · answer #3 · answered by heart_and_troll 5 · 0⤊ 0⤋
$60 the Iphone is hacked over hyped and overpriced. Plus Stevie is STILL under investigation for the backdating options. Market Limits are a MUST!
2007-08-15 20:54:37 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If you have to ask about an indivual stock on this site you should not be investing in stocks.
2007-08-15 18:46:54 · answer #5 · answered by Anonymous · 0⤊ 2⤋