what stock isn't down?

look at Citi.

 

Citi is down b/c they have lost over $10B in their last quarter though not too much of a shock there considering the housing market. If anything, now is the time to buy financial stock.

As to the Mac, God I haven't used one since my early school days when I wore pigtails and still used #2 pencils. Only ruddy thing I remember is that we had to hit the apple icon key to save whatever we were working on in class but eventually moving around got me into schools that were jumping onto using pc's. Talk about being confused when there was no apple button! "Mrs. Smith! My apple is missing. Where is it?" Now I've used nothing but pc's.

If I were try to use a Mac computer now it would probably be akin to attempting to shove a square peg into a round hole.

 

Bill - Citi is down because of huge subprime losses. Apple is down because investors were unwhelmed at Jobs' introductions at MacWorld. They wanted a 3G iPhone, upgrades to Macbook Pros, etc. However, I don't know if its justified considering strong EPS, etc.

Sinsin - Mac is pretty good. Leopard is nice, has some Vista-esque issues, but its definately quicker than Windows. Nothing I can't do in Windows, but I enjoy the speed. Most apps that are available on both systems run and work the same.

 

those huge subprime losses are effecting the entire market...

we are headed towards a tough uncertain financial future.

I don't think the 10 point drop was due to the Mac Expo. Shall we discuss the Apple stock's performance over the last two years?

 

It was due to MacExpo. I own over 200 shares of Apple. I think I understand the performance.

If you'd like, pull up the stock price before and after last year's MacExpo.

 

This thread is funny.. I go to Digg to read the latest Mac news, not s2ki!!

 

 

$1700 for an internet appliance??? I can get an internet appliance, abet not as thin, but just as capable for $400.

As for Citi...I would definitely have Citi on my buy-list. Talk about an under-valued stock at $26. And that's not just cuz I work for Citi. One smart thing we are doing is writting everything possible down. We are more than likely overstating the potential losses--and they are potential losses, not realized losses. And even after all the write-downs, we are still realizing $3.6B in income for the year.

 

I agree with you negcamber to a point. I think after 2Q I would consider getting into Citi, but not now, too much uncertainty. There are definately values in financials.

 

ugh ... be careful with Citi. The prince didn't buy its debt to make money on stock value. As the SEC rules apply ... debt holders have a vastly greater control over asset management (can you say Hedge Fund Manager?). The stock holders are usually the last ones to see any appreciation. Don't make me dig up all the Kmart details again ... please.

Bank of America, however, are hoping for a bail-out buy the gov't. That's a better risk as long as you believe in Amtrak!


Be careful with your money folks ... this isn't the time for strong buys. Most folks are in denial ... but, this is the beginning of a down-trend. Lots of pigs with lipstick right now ... even if they are prime swine.

I've switched a larger portion of my portfolio to mutuals and money markets. Nothing like making certain money in this environment of uncertainty!