Tuesday, January 02, 2007

The Golden Apple

So two weeks ago we bought 120 imaginary Apple shares at $82.55 and they dipped down to $80 before bouncing up to $84.84.

So far we're up about $275 or about 3% in 2 weeks. This is better than most banks would give you in a year. But wait a second - the ride has just begun. A tremendous quarter is just ending, Macworld is next week with a bunch of new products, iTunes store is on fire, iPods were a huge seller and Macbooks were flying off shelves.

Even Goldman Sachs is tripping out. The markets will open tomorrow morning with a lot of pent up demand and the stock should jump another couple of bucks, still a deal if you are ready for a 6 month or 1 year ride. Sure there are a couple of lawsuits, nothing big yet and they will take years to resolve.

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