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Apple to split stock this month

#1 User is offline   MW Forums Icon

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Posted 11 February 2005 - 06:30 AM

Apple on Friday announced that its Board of Directors has approved a two-for-one split of its common stock. That will increase the number of common shares of Apple's stock from 900 million to 1.8 billion. Each shareholder of record at the close of business on February 18, 2005 will receive one additional share for each outstanding share they hold. Trading of Apple stock will begin on a split-adjusted basis on February 28, 2005, according to the statement. more
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#2 User is offline   Piper_13 Icon

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Posted 11 February 2005 - 06:50 AM

Why, oh WHY did I not buy when the stock was at 16$??? /forums/ubbthreads/images/graemlins/frown.gif
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#3 User is offline   ender2k Icon

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Posted 11 February 2005 - 07:23 AM

lol /forums/ubbthreads/images/graemlins/grin.gif
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#4 User is offline   macpuppy Icon

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Posted 11 February 2005 - 07:35 AM

And, perhaps, in a year from now, you will be asking yourself the same question:
"Why, oh WHY did I not buy when the stock was at 70$ (presplit)???"
Me, I ask myself why I didn't buy when it dipped to $13 :-)

/forums/ubbthreads/images/graemlins/grin.gif
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#5 User is offline   maeric Icon

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Posted 11 February 2005 - 07:43 AM

"Why, oh WHY did I not buy when the stock was at 16$???"
That's nothing... I sold all all my shares this summer when it hit $30!
I originally bought 5+ years ago (after the split) when it was around $65 a share. Then came the big crash...stock plummeted.
I figured getting at least part of my invested funds was better than nothing but had no idea the incredible leap Apple would do. I love Apple for their success and kick myself at the same time watching it hit $80 a share.
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#6 User is offline   roadwarrior Icon

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Posted 11 February 2005 - 07:54 AM

Therein lies the problem with amateur investors (apologies if you're actually a pro). Common investor logic says to buy low and sell high. But what often happens is exactly what you did...people buy when a stock is hot, generally towards the end of its rise. Then, when the stock tanks, they sell, for exactly the reason you did. You didn't get pasted as bad as some (image the people who bought when you did and sold at $13?), but it does illustrate my point.
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#7 User is offline   DustyMac Icon

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Posted 11 February 2005 - 08:33 AM

We bought Apple back in '98 and sold right before it's last split. The profits took us to Australia and New Zealand for three weeks. Thanks Apple!
We bought again back when it was $26 and $19. We're up about $18,000 now. /forums/ubbthreads/images/graemlins/smile.gif
I'm thinking a Kenyan Safari or maybe a cruise around the South Pole. Any suggestions?
BTW, a buddy of mine had 1350 shares and sold it right before MacWorld at $63 because he was sure it would drop as it has in the past. It's $81.59 now. Oh well. I guess he didn't factor in the iPod. I wonder how many of you aren't factoring in the Mac Mini?
And here's a free stock tip: LVLT
We have none of their shares. If they make it through this year without going bankrupt, look for a sizable return. Do you feel lucky? /forums/ubbthreads/images/graemlins/wink.gif
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#8 User is offline   lkalliance Icon

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Posted 11 February 2005 - 08:33 AM

I bought after the crash in 2000, when it lost half its value. I could have waited a little bit and it would have sunk lower, but I got in at $25. I'm kicking myself now because though I sold in the high 30's and did OK, if I'd been a little more patient I would have done much better!
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#9 User is offline   Nobody Icon

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Posted 11 February 2005 - 09:36 AM

I bought 1,000 shares back in the "dark days" of the late 90s, mostly as a show of support for my favorite company, as a very long-term investment, and so I could get a few of the actual certificates to frame and hang on my kids' walls with their Disney stock certs.
Boy am I glad I did...my current split-adjusted price from the 2000 split is less than $7, and now it is going down to $3.50. Thank you Apple, and keep up the good work! If this keeps up, I will be able to pay off the rest of my mortgage in less than a year, and still leave $25k invested in Apple.
Wohooooo! Glad I chose a fruit over doughnuts!
Troy
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#10 User is offline   salmonstk Icon

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Posted 11 February 2005 - 11:55 AM

I am a bit worried with the split. It was after the last split the stock took a dive. Around the Cube intro.

Now we have mini me Cube and another split. deja vu?
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#11 User is offline   Nobody Icon

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Posted 11 February 2005 - 01:15 PM

I wonder if there's any advantage to a company to do a split before the stock goes down?
http://finance.yahoo...&z=m&q=l&c=msft
http://finance.yahoo...&z=m&q=l&c=adbe
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#12 User is offline   Grapho Icon

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Posted 11 February 2005 - 02:56 PM

The Mac Mini is no cube. The reason the cube did no do so good was that it was over priced and not very expandable at the time. In essence you ended up paying for a Pro machine with out the Pro benefits. The Mini is not geared towards the pro market at all, and the price is right this time. I have heard a lot of people expressing interest in getting one of them. I think Apple will have a huge hit with the Mac Mini, I am not so sure about the ipod shuffle, but the Mini has sparked a lot of intreats as far as I can tell.
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#13 User is offline   Gobi Icon

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Posted 11 February 2005 - 03:54 PM

This stock rise is definitely bittersweet for many of us. I've owned Apple shares in the past, but I never expected them to do this good...my buying their stock had more to do with goodwill towards the company. I sold all my Apple stock about three years ago when I needed equity to buy my first house. I really wanted to buy some shares again when it hit $13 but I didn't have the money at the time. I did manage to buy a few shares recently when it was at $60/share, so I'm still pretty happy.
My only curiousity is how long will this last? A year ago, I really thought Windows media player based players would be competitive but I was obviously very wrong. Now I only wonder how high Apple will go...
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#14 User is offline   JEB Icon

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Posted 11 February 2005 - 03:59 PM

There is a poll at:
http://www.forbes.co...y/2005/02/11/cx[/u]jp_0211polldujour.html
to see what the most popular brand of computer is. Drop by and cast your
vote!
They also got their history wrong on the site. The first personal
computer didn't come from IBM, it came from Apple.
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