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Originally Posted by Windswept
I'm patient.  |
Good.
Part of my holdings are longer-term too.
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Were people skeptical about the iPod when it first came out?
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Well, you saw the answers to that one. And that's why this gives me a little pause. Not to mention that Apple was near a multi-year low at that time.
Quite a bit is different this time around. Apple is at an all-time high, and the hype around the iPhone is unbelievable. Expectations are up, so Apple has a very high bar to clear. It takes more to move the needle up in this setup.
AAPL certainly has a chance to double this year, similar to the triples it did in 04/05. But I'd like to see a couple weeks or months of iPhone reaction post-release before committing more money to the stock.
To new investors: do your research/due-diligence before buy.