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1 Romantic Heretic  Tue, Nov 29, 2011 12:56:36pm

I've heard this sooooo many times before. You'd think the priests of the computer cult would just admit "We can't stand that Apple is a success by actually turning out decent products that people want to buy, and worse, don't require much intervention from we priests."

only a little /

Also.

If you left the symbol out and just told an investor that a stock had increased 420% + in the past five years, you would get a general consensus: Sell.

WTF? An increase of 420% is bad? What universe does this guy live in?

2 shutdown  Tue, Nov 29, 2011 1:16:46pm

Do you own any Apple stock, MichaelJ? If so, you should disclose that fact prior to opining on market commentary.

3 andres  Tue, Nov 29, 2011 1:35:50pm

re: #1 Romantic Heretic

There's also the fact that Steve Jobs died earlier this year that might prompt people to abandon ship. I can't imagine why people would do that. /

If I was going to peg a date on when Apple might start having creativity issues, I'd say in 3 years, at the minimum. Take a look at the iPhone. Popular device, and other boring praise for it. But look for the date Apple wanted to get into the cellphone business. Formal internal development started on 2005, with Jobs expressing dissatisfaction at the then-current cellphone/PDAs scene in 2003. At the very least, Apple would have Jobs' designs and ideas to work with for at least 3 to 5 years. And with the rumors of an Apple TV set, they might polish it and have it ready in that time frame.

I do not own any Apple stocks.

4 freetoken  Tue, Nov 29, 2011 2:37:29pm

Apple stock probably is "overpriced", by traditional stock ownership practices. It was through Jobs overwhelming aura that Apple was able to get away with not paying dividends like it ought to do, as understood traditionally in the meaning of "stock" and publicly traded companies. IMO, Apple sitting on that pile of cash is so characteristic of our current society and how businesses are failing to take risks that are necessary.

5 MichaelJ  Tue, Nov 29, 2011 6:54:01pm

re: #2 imp_62

I do own Apple stock, I've mentioned that before. If you call a few sentences 'opining' then I guess I am. Do you see widespread evidence to back up the ludicrous claims I reference in the article? Let's revisit this in 2012. He is predicting that Apple will lose up to 80% of it's value. Do you not find that valuation to be a bit extreme? Other people who professionally opine about the market have quite a different view of Apple stock. How do you think the rest of the market will be doing if this happens to Apple in 2012?


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