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llama64 · 09-29-2008, 04:41 PM

Apple is a luxury manufacturer. They will be hit hard by a recession (call a spade a spade...).

I rarely pay attention to day traders. They can squawk all they want about losses and such, but I have no sympathy for people who try to flip houses, flip stocks and other get rich quick schemes.

Apple 5 Years ago (2003): $10.85
Apple today (2008): $105.90

http://finance.yahoo.com/charts?s=AA...urce=undefined

Seems like growth to me.

The people I have sympathy for are those who just retired or draw their income out of a stock heavy retirement fund. They might not have the time to recover their losses...

09-29-2008, 04:41 PM	#13
llama64 First Line Centre Join Date: Nov 2006 Location: /dev/null Exp:	Apple is a luxury manufacturer. They will be hit hard by a recession (call a spade a spade...). I rarely pay attention to day traders. They can squawk all they want about losses and such, but I have no sympathy for people who try to flip houses, flip stocks and other get rich quick schemes. Apple 5 Years ago (2003): $10.85 Apple today (2008): $105.90 http://finance.yahoo.com/charts?s=AA...urce=undefined Seems like growth to me. The people I have sympathy for are those who just retired or draw their income out of a stock heavy retirement fund. They might not have the time to recover their losses...