Did I miss an announcement or something? I checked my portfolio and noticed it was higher than I was expecting, then checked the price and it's up over $3. I normally have an idea why AAPL is up more than $1 at a time, but this perplexes me.
Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
Anybody know why AAPL is up $3 today?
- Thread starter MovieCutter
- Start date
- Sort by reaction score
Not sure why it's up today, but Jim Cramer was talking it up on CNBC this morning. It's also being recommended over at Motley Fool.
It may have something to do with Apple's ongoing talks about eliminating DRM for the music store.
http://finance.google.com/finance?q=aapl
http://finance.google.com/finance?q=aapl
Interesting. I think the iPod rumor is bogus...but there is an interesting discussion suggesting AAPL will split on Thursday...fun. For now I'm gonna attribute it to my man Cramer....ba-ba-ba-ba-BOO YA!!!
i'd say its from the AT&T email that was reported on Saturday, shows that the iPhone is still on track for launch and all
That guy is amazing to watch. I don't even understand how the Stock market works but I am always mesmerized by him. I just get sucked in and end up watching almost an entire show before I realize I'm in a trance!
The world needs more teachers like him (which is what he essentially is).
Apple typically goes down after earnings, even when it is good news. This could cause people to wait a little bit before buying the stock after an earnings report.
AAPL often goes down after earnings reports, but not always. It depends on by how much they beat expectations. (My own rule of thumb is consensus + at least 10%, or watch out below). It also depends on future guidance, buzz and other factors that can't be quantified. Delayed reactions to earnings we don't expect because everything that will be known is known almost immediately. Now, if analysts weight in with up or downgrades a week or two later -- but I don't think we've seen any of that recently.
Wow...105, if I had bought when I planned too, I'd have made 20USD/share
I bought in at $25
Awesome House episode last night btw...
I'm more curious when do you sell. I've bought Apple incrementally when it was in the 40's a few years ago, and most recently at 93. At what point do you decide to actually make real money instead of bragging that your stock tripled?
I have stock in Apple as a show of faith in their products. I'm not just in it for the money. So I'll be holding on to my stock for a good long while.
(At split adjusted prices, I bought at ~$8.75...)
(At split adjusted prices, I bought at ~$8.75...)
I got my AAPL stock when I worked for them and was enrolled in their employee purchase plan. I know guys who got stock at like $12/share. They're making down payments on houses and paying for their kids' college tuition just by selling stock. I don't plan on selling it until I actually need to. Unless it goes back down to $24, I don't actually lose any money. So I might as well just ride it until then.
Knowing when to sell, the hardest decision in all of investing. I've been an AAPL investor for nearly ten years now (cost basis too low to mention
) and been a passenger on the roller coaster for so long that I've got calluses on my backside. My portfolio is now so ridiculously lopsided that any investment advisor who looked at it would say I was insane for holding onto so much AAPL, but then my broker gave me a funny look when I put in the original buy orders back in 1997. Since then I've sold some, but of course now wish I hadn't. I only wish I'd bought it through my IRA. That would certainly simplify the selling decision.