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Welcome, VixxRino

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Joined on 3/20/2012

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Top StocksCOMMENT

How to buy Apple for nowhere near $600

n00b - Sure you can. Look at XLK's holdings. 18.4% of their holdings ( in dollars) is in AAPL shares. Therefore, 18.4% of your investment dollars in XLK are buying AAPL.  So if you buy 1 share of XLK for $30, that means you are getting .184 x 30 = $5.52 worth of AAPL.  If AAPL is selling for $600 per share, then you ar...more
3/20/2012
Top StocksCOMMENT

How to buy Apple for nowhere near $600

Fail!  18.4% of  $30 is  $5.52.  So... when you buy one share of XLK you are investing $5.52 in AAPL.  That means to be invested in the equivalent of one share of AAPL you need to own roughly 109 shares of XLK.  109 x 30 = 3270,  18.4% of 3270 = 601.68 which is about what AAPL is trading at.  Your claim that 6 shares o...more
3/20/2012
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