by Anura Guruge
After the split Apple (AAPL) looked somewhat delicious. The last time I had bought AAPL, c. 2007, I had done so when it was below $100. Well it was back below $100 again. Though I hadn’t owned it since September of last year, once I sold it after sextupling (and get you mind of the gutter) my investment (since I had also written a LOT of options against the stock I owned), I still kept an eye on it. The momentum was again in its favor.
I only bought a ‘couple’ of shares. So no great investment. I am keeping an eye on it. I also bought a ‘couple’ of AT&T (‘T‘) stocks at the same time.
These really are my ‘Mad Money’ stocks. Just a ‘couple’ here and there. Not part of my core investment portfolio. I have, in my dotage, stopped being frivolous with the ‘core’. You can only afford to throw away two or three fortunes in your lifetime. As some point you have to buckle down and take this investment thing seriously. But, for the record, I just had to let you know. I again have AAPL.
What a market. Cracks me up. Feel real bad for the folks that got spooked away after the trials and tribulations of 2008 to 2010. Seems SO FAR away.