A friend of mine has been working ETrade and bought Apple at 105. It's 89 today.

[live love laugh]

She was confident that the market was going to go right back up.

I don't think I will call her today.

[Taverner]

1. I lost $1000 in two weeks

Granted, I don't have a ton of stock

But what was $2500 two weeks ago is now $1500

[anigbrowl]

2. Your friend sure was dumb

Considering we're going into a recession and Apple makes some of the priciest computers out there, I wouldn't touch their stock with a 10 foot pole.

[Chimichurri]

14. It was at $140 at one point. The heart attack rumors Friday didn't

help the price.

[anigbrowl]

15. I missed the bit about the heart attack rumors

though considering there was one false alarm already this summer about Steve Jobs' health, I'm not sure how big a part this played (I saw soemthing yesterday about 'CNN iReport gets Jobs health wrong' and assumed it was the old story).

Anyway, if your friend can afford to maybe it'd be better to just pop the stock in a drawer and hold it for a few years. I do think it's a good company overall, even though it's been somewhat overvalued recently.

[ContinentalOp]

16. Check it out...

http://ap.google.com/article/ALeqM5jJInJfw5dkAcGLh8JZzkyL8TY_KgD93JBFE00

[anigbrowl]

17. TY

[Democrats_win]

3. Sad for ordinary people. During this chaos, their stability ruins their short-term finances.

This isn't the way it should be. The gamblers are really hurting investors.

[Lance_Boyle]

4. at least she bought the stock and not the expensive hardware.

Apple stock will recover. There's no getting beyond paying the Apple Premium for their actual products. ;-)

[SmokingJacket]

5. I bought some imaginary Google stock when I was SURE the market was going

back up. Ooops!

I'm now $7,700 imaginary bucks in the hole!

Just a good reminder to me why I don't invest REAL money in the markets...

[gravity]

6. No one can predict stock bottoms

You shouldn't judge your friend because of how a stock moves in the short run.

[architect359]

7. Ouch! She has my sympathies...

Hopefully, she didn't put too much into AAPL. Fwiw, it looks like its gained a bit and climbed back into the $90's range. Don't know how long it will hold or how high it will climb in this short term period. Well - *maybe* short term period. I guess it's true what I've been told growing up: Don't go into the stock market unless it is with money that you can afford to lose...

[theoldman]

8. It's called fishing for bottom.

You have to wait until the stock starts to go up again. For Apple about a 10% rise may be a good time to start buying in increments. Warren Buffet may have been a little early in buying GE.

[Geek_Girl]

9. I would hang on to the stock till after Jan

In the past few years apple seems to do well around the holidays.

[ogneopasno]

10. Well, it's not a loss until she sells.

nt

[benld74]

11. APPLESAUSE

[girl gone mad]

12. If you can't afford to lose money in the market..

use any upward momentum as an opportunity to sell. There will be opportunities to buy later.

[SoCalDem]

13. She should have gone to vegas.. at least then she might had had a little fun too

and had some fantastic food:)...maybe a few shows:)