AAPL-What Are Other Clubs Doing?
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AAPL-What Are Other Clubs Doing? Apple was a topic of discussion at one of my recent club meetings. We happened to meet on a day when the stock price had recently fallen from highs around 630 to 580 This concerned some club members, but others thought perhaps this meant there was an opportunity to increase our position. We decided to wait and see what happened after their earnings release. It's tomorrow, April 24. Here's the link if you'd like to listen to the conference call which will be held at 2PM Pacific TIme (5PM ET) http://www.apple.com/quicktime/qtv/earningsq212 Since it is human nature to be curious about what others are doing, I took a look at bivio investment club activity in AAPL during the past 45 days. Here are the results: 173 clubs had activity during this time. 124 (72%) purchased apple shares, 49 (28%) sold them. Of the clubs which sold, 18 (37%) closed out their Apple positions. The rest just pared them down. Perhaps capturing some profits. Apple is the most widely owned stock by bivio investment clubs. What are your clubs thinking about owning it? Laurie Frederiksen Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe Greetings, Our view on Apple (AAPL) is detailed in the following article that we've published titled "Considering the Downside Prospects for Apple" using Edson Gould's Altimeter (Gould was a contributor to Barron's in the 1960's and 1970's). In summary, we think AAPL could be easily bought at lower prices.
Regards. On Mon, Apr 23, 2012 at 11:27 AM, Laurie Frederiksen <laurie@bivio.biz> wrote: Apple was a topic of discussion at one of my recent club meetings. We happened to meet on a day when the stock price had recently fallen from highs around 630 to 580 Both of my clubs own it. One a lot longer than the other. Due to its meteoric growth, the club with the long-term shares continues to sell off a chunk whenever it becomes larger than 20% of the portfolio. Right now we are a little over again which is a pleasurable problem to have. In my personal account, I opened a new position on Friday at the close as 10 percent was enough of a pullback for me to get in. I think the high-margin iPad 3 sales are going to be a blowout. I know it's anecdotal, but they got $830 from me for one, and many of my fellow rail commuters appear to be abandoning their Kindles for Apple tablets as well. With iPhone 5 most likely coming out this fall plus the major inroads they are making in Asia, I feel their past
exponential growth and earnings rates can be maintained for at least a few more years. Personally, I think people are afraid of the stock price, but earnings continue to get ahead of the stock price so there is not a lot to fear here. This is not Netflix with a P/E of 90. This is Apple with a P/E well under 20 with growth like no other mature large-cap that I can recall. Stuart Weissman
Jim,
Per our conversation this morning, I thought that you might be
interested in this personal note on Apple. I belong to an investment club
and we use this service for accounting, but they have a chat room which is
always interesting.
Amy From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Stuart Weissman Sent: Monday, April 23, 2012 11:46 AM To: club_cafe@bivio.com Subject: Re: [club_cafe] AAPL-What Are Other Clubs Doing? Both of my clubs own it. One a lot longer than the other.
Due to its meteoric growth, the club with the long-term shares continues
to sell off a chunk whenever it becomes larger than 20% of the portfolio.
Right now we are a little over again which is a pleasurable problem to
have.
In my personal account, I opened a new position on Friday at the
close as 10 percent was enough of a pullback for me to get in. I think the
high-margin iPad 3 sales are going to be a blowout. I know it's anecdotal,
but they got $830 from me for one, and many of my fellow rail commuters appear
to be abandoning their Kindles for Apple tablets as well. With iPhone 5
most likely coming out this fall plus the major inroads they are making in Asia,
I feel their past exponential growth and earnings rates can be maintained for at
least a few more years. Personally, I think people are afraid of the stock
price, but earnings continue to get ahead of the stock price so there is not a
lot to fear here. This is not Netflix with a P/E of 90. This is
Apple with a P/E well under 20 with growth like no other mature large-cap that I
can recall.
Stuart Weissman
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