Tag Archives: crook

After 9 Months Of Abstinence I Had To Take A Bite, Albeit A Very Little One, Of AAPL.

Anura Guruge, June 8, 2013.applebitten767
..
..
.

.

by Anura Guruge


Related Posts:
>> No longer own AAPL
Sept. 11, 2013.
>> AAPL, the conspiracy theory …
>>
Jan. 25, 2013.

>> No longer trust Apple …
>>Jan. 24, 2013.


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.

For The First Time In 7 or 8 Years I Am No Longer An Apple (APPL) Shareholder. Do Not Trust Tim Crook.

Anura Guruge, June 8, 2013.RottenApple

..
.
by
Anura Guruge


Related Posts:
>> AAPL, the conspiracy theory …
>>
Jan. 25, 2013.

>> No longer trust Apple …
>>Jan. 24, 2013.


No, I did not sell this morning when it was already down $25+.

I sold ten minutes into the announcement yesterday. I tried to time it and set a market limit. In the end I decided I was just going to pull the trigger rather than wait. I didn’t get the peak but I was within $3 of it.

i did not lose any money. I had bought this batch of AAPL shares in 2005 or 2006 when the price was below $75. I think I have told this story before. I had an 80(+) neighbor (in Gilford, on Varney Point), ex-FAA, WWII POW, named Milt Cram, who, quite rightly, prided himself as quite a stock picker — and he sure did pick them. He used to watch CNBC all day. Around 2005 (or 2006) he told me that he told one of his granddaughters that she should try and buy at least ONE share of AAPL. Got me thinking. I could afford more than one share, so I bought 100. Over the years I wrote a lot of options against that allocation. I also bought more … sold some … bought more. But, I basically rode it up from $75.

Last year I sold 57% of my holdings at around $620. My son, the new stock whiz, gave me grief that I should have sold it earlier. But, I have found to my cost that you can’t invest in hindsight.

I am done. There is no glory in holding AAPL anymore.

We are NOT Apple consumers or users. So, sod it.

Do not trust Tim Crook, he is cooking the books.

I haven’t done any stock picking in ages. My son, who is now in the process of trying to start a hedge fund, has sent me plenty of suggestions.

It was kind of funny, in a sad way, to watch AAPL fall this morning. So glad that I sold.