haha Apple has more cash than entire USA gov't
- Thread starter canucksfan19
- Start date
Haha, nah never really thought about it. It was actually the first stock I ever purchased. I bought it purely based off a guess, or intuition...versus any real financial reason. The ipods and shit were just coming out, and I thought it could make them Apple cooler, increasing the sales of their computers, which are also focused on the cool kids. That was the thought in my head anyways... Someone also told me that their P/E ratio was ridiculous since their cash on hand was close to their value at the time... But I had no patience for that shit, I just wanted to buy and sell stocks like an idiot, bought for $32, sold for $34 a couple months later to move on to the next thing at the time. I'm still an idiot, but I've learned to be a little more patient.
