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Author	Topic: I bought a tech stock!
Alien Investor Assimilated Posts: 386 From: New York City Registered: Jan 2000	posted June 19, 2002 12:44 I admit it. With computer companies blowing up all over the place, I bought some tech. It was AAPL, on sale today for just $17.27. Oh dear. I'm already underwater. IP: Logged
ilovemydualg4 Alpha Geek Posts: 312 From: GASP THE 3RD DIMMENSION Registered: Mar 2002	posted June 19, 2002 14:54 how many shares? apple's stock needs all the help it can get at thses times ------------------ my geek code Hazards: "There is an island of opportunity in the middle of every difficulty, miss that, though, and you're pretty much doomed." IP: Logged
Alien Investor Assimilated Posts: 386 From: New York City Registered: Jan 2000	posted June 20, 2002 08:07 1000 shares. AAPL trades an average of 5.55 million shares a day so my activity is just a little dot on the graph here. I'm a happy alien today. Most of the Nasdaq is down today: 23% of the volume is up volume, 75% is down volume. AAPL is on the "up" side. Yesterday Apple warned that it's going to have lower revenues + earnings than expected for the quarter ending this month. So its stock got whacked ($20 -> $17 just from that warning). I think it got whacked a little TOO much, so I bought some. This tactic is called "catch a falling knife". Sometimes you catch the handle, and sometimes you catch the blade. And it's true, people and companies who buy computers do look at the health of the vendor, including the vendor's stock price. IP: Logged
ilovemydualg4 Alpha Geek Posts: 312 From: GASP THE 3RD DIMMENSION Registered: Mar 2002	posted June 20, 2002 16:59 quote: Originally posted by Alien Investor: 1000 shares. AAPL trades an average of 5.55 million shares a day so my activity is just a little dot on the graph here. I'm a happy alien today. Most of the Nasdaq is down today: 23% of the volume is up volume, 75% is down volume. AAPL is on the "up" side. Yesterday Apple warned that it's going to have lower revenues + earnings than expected for the quarter ending this month. So its stock got whacked ($20 -> $17 just from that warning). I think it got whacked a little TOO much, so I bought some. This tactic is called "catch a falling knife". Sometimes you catch the handle, and sometimes you catch the blade. And it's true, people and companies who buy computers do look at the health of the vendor, including the vendor's stock price. yeah, i'm happy too, micro$oft went down a lot more than apple i got a hell of a lot of a fav biotech a while ago at a very, very cheap price (less than 5 dolla/share) and even though its only 13 or so now, its stil muchos dollas ------------------ my geek code Hazards: "There is an island of opportunity in the middle of every difficulty, miss that, though, and you're pretty much doomed." IP: Logged
Bregalad Alpha Geek Posts: 255 From: Vancouver, BC, Canada Registered: Jan 2002	posted June 20, 2002 17:16 quote: Originally posted by Alien Investor: This tactic is called "catch a falling knife". Sometimes you catch the handle, and sometimes you catch the blade. Although US$17270 (~C$26500) per trade is out of my price range, I nonetheless know the blade end of that knife far too well. I hold such underwhelming performers as Computer Associates, Dell, Geac and Nortel in addition to AAPL. I've figured out "buy low", but I can never bring myself to sell for a small gain and recent events (tech collapse, accounting scandals) have left me wishing I'd never gotten into the market. Fortunately my biggest investment is a little piece of real estate I call "home". IP: Logged
Alien Investor Assimilated Posts: 386 From: New York City Registered: Jan 2000	posted June 21, 2002 07:56 The tech collapse is my bread and butter. Right now I am short CA, VRTS, RATL, and CKFR. (I didn't have any foresight on CKFR, I shorted it yesterday, after it got whacked ... I think it will get whacked some more). I like DELL but it I think it's just still too pricey here. I would really enjoy shorting MSFT but I don't think it would be sensible. Microsoft has real profits and skillful executives so it's a bit too dangerous to bet against them. There's so many tech companies that don't have either of these things. IP: Logged
Alien Investor Assimilated Posts: 386 From: New York City Registered: Jan 2000	posted June 28, 2002 11:58 Just to follow up on my AAPL flyer: I sold all of it today at 17.45. I liked the company, but alas, Apple's officers have been selling shares in front of bad news, so I don't trust them with my money right now. http://biz.yahoo.com/ap/020628/apple_exec_stock_sales_1.html There could be innocent explanations for this behavior, and if there are, maybe I'll buy some AAPL again in the future. But right now it looks scandalous. IP: Logged

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