Ron Wayne’s Stake in Apple Would Be Worth $35 Billion Today

Oct 10, 2011
J. Webster
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So, say you sold your shares of Apple at around $150 a share and are kicking yourself for doing so. Or, say you sold your Apple shares at around $250 a share even, and you're kicking yourself for it as the stock has soared to close to $400 a share. Well, you won't feel as bad after learning about Ron Wayne, the man who helped found Apple with Steve Jobs and Steve Wozniak.
Meet Ron Wayne, the senior in the triumvirate that founded Apple in 1976. He lasted just two weeks with the company, and says he realized he was too

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Jim Cramer Still Owns Bank of America For His Charitable Trust

Oct 10, 2011
J. Webster
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Well, I guess you have to give Cramer some credit, he's willing to suffer and endure pain, as he's still holding on to Bank of America's stock even though it's down to the $6 level and the most hated bank stock in the entire stock market. Actually, it's perhaps the most hated company/stock in the world. Cramer has said buying of Bank of America's stock is one of his worst investing decisions he's made in his entire career. However, when the stock drops nearly 50% in just three months, going from $10 a share to a 52 week low of $5.13

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James Altucher: Apple or Amazon

Oct 9, 2011
J. Webster
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The ever interesting and insightful James Altucher does a question and answer session once a week on Twitter, here he answers a question about whether you should buy Amazon's stock or Apple's stock. Sure, from time to time Mr. Altucher makes some wild predictions, but he gets you thinking, and sometime times those wild predictions come true. @ChicagoYak asks: Should you Buy Amazon or Apple? Answer: Warren Buffett says that if a company is still going to be here 20 years from now then it is probably a good investment (this isn’t always true: Kodak, for instance, GM. Bethlehem

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James Altucher’s Outlook on the Stock Market

Oct 9, 2011
J. Webster
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The ever interesting and insightful James Altucher does a question and answer session once a week on Twitter, here he answers a question about the stock market's outlook for the next six months: @artling asks: What do you think the outlook for the US market will be in six months? ANSWER: I can answer with a question: why would the US market go down? We just had good employment numbers this morning. Companies like Apple, Microsoft, Exxon, and Intel, all trade for less than 10 times forward earnings (historical average is 15 times earnings) and they are all growing (Apple

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Bank of America Helps Occupy Wall Street Protesters With Sign Ideas

Oct 9, 2011
J. Webster
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Bank of America kindly gave the Occupy Wall Street protesters some new ideas for signs this next week, and free of charge if you can believe it, no hidden fees with this one. It's really an old refrain, the concept of golden parachutes, but you'd think with a bank already in the most hated category and many current account holders on the verge of exiting, they'd re-think some of their moves. But Brian Moynihan is a generous fellow, and has decide to hand out a small sum to two former executives after firing them, and the protesters will happily

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Erin Burnett Mocks Occupy Wall Street

Oct 8, 2011
J. Webster
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I love Erin Burnett, especially when she was on CNBC, but she made a big mistake in mocking the Occupy Wall Street protesters on her new CNN show OutFront. Sure, she might be right, the protesters aren't as informed as they should be, but they're also right in protesting: Wall Street used too much leverage, Wall Street made too many risky trades without the capital to back them up, and Wall Street pays out too many and too big of bonuses during a financial crisis that they caused in a lot of ways. Burnett should come out and say

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Sprint’s Stock Gets Crushed

Oct 7, 2011
J. Webster
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Sprint's chief financial officer said it may raise additional capital for refinancing and won't provide an update on its fourth-quarter or full-year earnings, the stock was crushed. How bad? Try going down almost 18%. Sprint is the is the third largest wireless carrier in the U.S. but hasn't made a profit since 2006 and is losing subscribers. What's crazy though is the stock was up nearly 10% earlier today, so that's almost a 30% swing. It's gone from $3.39 a share to a low of $2.25. And Sprint's stock has whipsawed back and forth this whole week, shooting lower after

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Tim Robbins at Occupy Wall Street

Oct 7, 2011
J. Webster
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Tim Robbins, like his ex-wife Susan Sarandon, showed up in support of the protesters at Occupy Wall Street. Robbins makes a good point about the protesters, that this protest is a more grassroots movement, unlike the Tea Party. Occupy Wall Street is leaderless resistance movement with people of many colors, genders and political persuasions. The one thing we all have in common is that We Are The 99% that will no longer tolerate the greed and corruption of the 1%. We are using the revolutionary Arab Spring tactic to achieve our ends and encourage the

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The Daily Show: Wall Street Occupied

Oct 7, 2011
J. Webster
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Samantha Bee heads to Wall Street to build a bridge between workers and protesters in America's rage-based economy. Everyone is pooping at the McDonald's, Burger King wouldn't let them. What does Miss Bee do, she helps out a protester buy offering to buy a muffin so he can use the bathroom and not upset the store owner. Take a look.

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Jon Stewart: How Occupy Wall Street is NOT Like the Tea Party

Oct 7, 2011
J. Webster
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Parks and Demonstration: America cannot expect a bunch of disenfranchised park-dwellers to come up with a solution to its economic woes -- they have a political ruling class to do that. Is there a better show on TV than the Daily Show in terms of nailing people for being hypocritical? I don't think so. Here again Stewart play footage of mainstream news outlets making statements that undermine what they say at a later date, in this case when taking about the Tea Party and Occupy Wall Street.

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