Mac user Mike Nunez, proud owner of an Apple One Share that was given to him as a Christmas gift in 2002, is considering getting out as Apple’s stock price approached $30 today.
“I’ve been holding on to this baby for a while now, Nunez said, holding on to the framed Apple stock certificate his sister purchased in his name on OneShare.com. “But you have to time these things right. I don’t want to miss out on an opportunity.
“But at the same time, it might go up even further. Who knows? $35, $40? I don’t want to get out too early, either.”
Preventing Nunez from cashing in his stock immediately was uncertainty over exactly how to do it.
“Do I just break the glass and take the certificate in to Merrill Lynch or something? I don’t know how it’s done.”
Flipping it over, Nunez looked for instructions but found none.
“It’d be nice if it said… maybe even had a little hammer to break the glass…”
Further complicating the transaction is the fact that his one share of Apple represents his entire stock portfolio.
“I was banking on this baby getting me through retirement. But $30…”
Asked what he might do with the money, less commissions, he would receive for the share, Nunez speculated that he might put it into his Ford Escort.
“It could really use some new wipers. Maybe an air freshener. Tank of gas.”
Sources at Apple encouraged Nunez to get out immediately.
“We hate these One Share owners,” said Apple CFO Fred Anderson. “They send us $15 or whatever and we have to send them documentation and ask them to vote on resolutions for eternity. It’s a crappy deal for us. We’d rather not have them. Bunch of wankers, if you ask me.”
Nunez said he will be watching Apple’s stock price closely over the coming days to try to time his move to his advantage.