Friday, April 20, 2012

Apple Stock $1000 a share by 2014

I wish I hadn't sold half of my Apple stock. I don't feel bad enough about it to buy it back at a higher price right now. As I write this my Apple stock is being slammed down from around 640 to about 575, which I'm sad to say is still above the level I sold. I got skittish shortly after Mr. Jobs Died and sold off. Now I am realizing that this was just an emotional reaction. All of the things about apple that were true before are still true; they still have phenomenal growth, fantastic products, huge untapped markets, top management and fierce loyalty. Sure, some of the shine is gone from Apple, they are no longer the young upstart company fighting "The Man". In fact they have started growing into their role as The New Man (hopefully not same as the Old Man.)

My opinion, for whatever it is or isn't worth, is that Apple stock will hit $1000 per share at some point in the next two years. At that point I will most likely sell a half of my remaining shares and most likely I will regret that later too. Or maybe not.