Drudge Retort: The Other Side of the News
Monday, June 09, 2014

Apple's seven-for-one stock split went into effect Monday, making shares of the tech giant trade at around $94, significantly down from Friday's closing of $645.57. Investor Sandra Samuels, 74, of Winston, North Carolina, bought 300 shares Monday, which was on top of the 700 she already owned (she had 100 shares before the split). "Everyone in my family owns at least one Apple thing," she said. "Warren Buffett says buy what you own."

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ichiro

 

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i think you should go buy it. :-)

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Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

No thanks.

Just because they flooded the market with new shares does not make it a good buy. In fact the stock has a history of topping in the run up to the split.

#1 | Posted by Nixon at 2014-06-09 01:10 PM | Reply | Flag:

Yes, and then a long-term history of growth and stock price appreciation.

#2 | Posted by midiman at 2014-06-09 05:47 PM | Reply | Flag:

Buy the dips.

#3 | Posted by midiman at 2014-06-09 05:48 PM | Reply | Flag:

"Just because they flooded the market with new shares does not make it a good buy.
#1 | Posted by Nixon"

Really? You mean owning seven shares at $94 isn't much better than owning one at $646?

Will wonders never cease.

#4 | Posted by mOntecOre at 2014-06-09 06:23 PM | Reply | Flag:

When is Buffet going to do his 10,000 to 1split?

#5 | Posted by CrisisStills at 2014-06-09 07:10 PM | Reply | Flag:

"Warren Buffett says buy what you own."

Pretty sure it was Peter Lynch that said that, not Buffett.

#6 | Posted by WhiteDevil at 2014-06-09 08:43 PM | Reply | Flag:

Warren Buffet says, buy what you KNOW ..not own

#7 | Posted by SammyAZ_RI at 2014-06-09 09:11 PM | Reply | Flag:

Apple stock will be available to the little guy when it becomes a public benefit. Like Obamacare.

#8 | Posted by madbomber at 2014-06-09 09:49 PM | Reply | Flag:

Apple has rode the wave of revolutionary products for a while.

The latest products are not innovative and are just mild improvements over previous ones, with other companies products leapfrogging over them.

Just about everyone of my staff with an iPhone have cracked screens or power button or charging connection problems. Apple is proving itself to be extremely ordinary these days.

#9 | Posted by 726 at 2014-06-10 08:20 AM | Reply | Flag:

Weird, 726 - my experience is my friends with Droids have those issues, but my friends with iPhones don't. Limitations of anecdotal evidence, I guess. (Though I am aware of two iPads with cracked screens...)

#10 | Posted by mOntecOre at 2014-06-10 11:59 AM | Reply | Flag:

Seriously, have you ever tried to slice an apple into 7 pieces?

Why 7?

#11 | Posted by path at 2014-06-10 06:15 PM | Reply | Flag:

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