Quote:
Originally Posted by gdoh
why would you buy AAPL to me it makes no sense they dont have much room to grow and you need so much money to invest.
i would invest into penny stocks it has much more room to grow and is alot easier for it to do so. just make sure you do your dd, have patience, and dont put all your eggs into one basket
|
because AAPL is the most legitimate growth story out there. when steve jobs came back to the company the stock was at like what $3? the stock is followed by institutional investors as well as small individual investors. every analyst on the street has a target of over $300. i think that target is way too conservative. they are trading with a forward PE ratio of 15. earnings is what drives stock prices and AAPL makes a butt load of money. penny stocks dont grow 99% of them lose investors money quarter after quarter. personally I could care less about some piece of crap exploration company dicking around spending boatloads of money looking for oil/gold etc etc and then have nothing to show for it
oh yeah.. buying 1 $1000 stock is worth $1000
buying 2 $500 stock is still $1000
buying 100 $10 is still $1000
you should focus on quality not quantity