Quote:
Originally Posted by ExFlyBoy5
You bought in 2013? Have you held onto it ALL (AAPL) since then? What is your target? $1000? I had a fair amount of AAPL but when it had DOUBLED, I sold most of it. I am a firm believer in the pigs/hogs analogy.
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I bought some in January ($554 - $79 split adjusted) and some in August ($478 - $68 split adjusted). Made sense to me to buy more of something I thought was undervalued at $550 when it dropped an additional 20%. It's now just up over $190, about 10% over my value calculation. I'll look to sell when it's closer to 25% overvalued by my numbers, so target sell is ~$217 (split adjusted ~$1500) or higher for now. That value changes, obviously, with earnings numbers, etc. and I'm not firmly tied to it. If it continues its present run-up north of $200, I may well consolidate those gains. Otherwise, I'd be fine with holding AAPL longer if it works out that way. I had no money to buy when I first heard about the iPod back in 2003, otherwise I'd probably be retired by now.