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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: epicure who wrote (66817)	5/19/2008 6:26:14 PM
From: Cogito	Read Replies (2) \| Respond to of 543602

Syb - Speaking of being emotional about supporting a candidate, I'm reminded of a time, about four years ago, when a poster on the Apple thread kept telling us all that we were "in love" with the stock, that Apple had no chance of actually increasing their market share, and that the iPod was just a fad, which would soon lose its dominance in the market to upcoming competitors. According to him, we were all too blinded by our worship of Steve Jobs to see the ugly truth. We could not convince him, with any of our most well-reasoned arguments, that we were anything but a bunch of deluded fools. One day, he claimed to have sold his 21,500 shares of AAPL, which he had bought when the iPod was introduced, thinking that product would be good for a spike. He claimed to have sold at, as I recall, a price of about 31 and change. He didn't say what his entry point had been, but it seemed as though he had made a tidy profit. He advised us all not to get greedy. While his sale did net roughly $675,000, it turns out that it might have been a bit premature. Accounting the subsequent 2 for 1 split, those shares of AAPL would be worth $7,894,800 dollars at today's closing price. The stock is up more than tenfold since he sold. I held on. Still have AAPL shares. I love that story. - Allen