I bought two of them, one for each hand. Seriously, I waiting in line for three hours on Friday and bought one for a friend, and one for me. Worth every penny and minute in line. It's truly a revolutionary device. As usual, Apple has done it better than the competition, in design and function. I bought one of the first iPods when it came out. People thought I was crazy to spend $300 on an MP3 player. I simply replied, if you want the best you have to pay extra, just like most things in life. Doesn't it cost more to live on the coast versus living in Temecula? Sure it does. Don't under estimate the iPhone and the genius of Steve Jobs. And I wouldn't be selling your AAPL stock yet. Wait until next month when earnings come out and they probably announce a stock split.
Ever heard of the phrase. Buy on rumor, sell on news? One thing that I have learned is that you can take a great company, that has great earnings, and it still sinks the stocks, because it wasn't "good enough". My gut is telling me that expectations are way too high going into earnings, and all short term wabbits that apple has seems to have been pulled out of the hat recently. So short or any new product announcements are a blowout quarter, I'm not feeling like we're going to see that much more room to move upward. But who knows. Well, considering that apple is 3x above what I paid, at this point I think I'm done. It's been a fun ride up. Time to load up on something that is a dog. Maybe I'll double down on Intel and Symantec right now. Oh yeah, forgot some of this has to go into the RS6 slush fund 🙂