[pageonetoo]

Are you gonna hold 'em, or are you gonna fold 'em?

Hold'em

I played with 10,000 shares of Xerox about the time that AAPL bottomed, and bought Apple in cycles, after converting some significant profits on buying/selling Xerox... some of the Apple cost me as much as $19, but the majority was bought at 13 +/-... but the Xerox cost 4 +/- and sold for 9-13, so i quadrupled my original Xerox investment into another quadruple for Apple...

the last time I did this well on stocks was in 1973, when I bought DP (Diversidied Products, a maker of weight/exercise machies, and the like) for 87 cents, and sold it after IPO... for $17. I just didn't buy enough!

[Pearls Before Swine]

I've done well with stocks over the past 15 years (it was hard not to if you paid any attention at all), but you never catch 'em all. Personally, I think Apple is going to do fine as a company, but the stock is within 20% of a multi-year high. Too much competition in the consumer market for iTunes for them to create and maintain a monopoly position.