Random event? Or iPhone 4 CR related?
We had a few people here claiming the drop yesterday was coincidental with the market.
We had a few people here claiming the drop yesterday was coincidental with the market.
Got a tip for us?
Let us know
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Apple down $10 with Dow up 100
- Thread starter Steviejobz
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All the "signal issue" yak in the media is playing some role.
By now, Apple must have figured out the real engineering / manufacturing extent of the issue. There are only so many viable options for dealing with it. Make a decision and issue a statement.
Nature abhors a vacuum - Apple can fill that void or allow the Bitchy Boys and rumor mill to fill it.
By now, Apple must have figured out the real engineering / manufacturing extent of the issue. There are only so many viable options for dealing with it. Make a decision and issue a statement.
Nature abhors a vacuum - Apple can fill that void or allow the Bitchy Boys and rumor mill to fill it.
Random. It's been going up and down for awhile now. Now it's at 6 down. If they lose like 20-30 points that will mean this news has affected them.
"Steve Jobs is Killing Apple - Moving to Android"
Stuff like this, make investor run!....
When strong developers like this have this type of strong opinion, make te market crazy!
http://kevincarmony.blogspot.com/2010/07/steve-jobs-is-killing-apple-moving-to.html
Stuff like this, make investor run!....
When strong developers like this have this type of strong opinion, make te market crazy!
http://kevincarmony.blogspot.com/2010/07/steve-jobs-is-killing-apple-moving-to.html
In my opinion only- profit taking, and the short term investors. I would consider this a buying oppurtunity for anyone that is not alrady in. For the record I have owned it for years, my lowest purchase price is pre-split 37 and my higest is $246, which I already sold out of that postion, for cash reasons.
Apple has 40 billion in cash- no debt and strong products. Think long term0
Apple has 40 billion in cash- no debt and strong products. Think long term0
Well, it is because of the iPhone issues, but it would be more useful to say down 3% - 4%.
So there's some concerns there, but it's not as big a deal as a title saying "$10" makes it sound.
So there's some concerns there, but it's not as big a deal as a title saying "$10" makes it sound.
Nothing random about it. It's true the stocks have been up and down over the last few weeks but they've mostly been in line with other tech stocks.
Take a look at the NASDAQ today. Apple is going the opposite direction and the decline started almost immediately after the CR report yesterday (though it recovered before the end of the day).
Will probably see a recovery before close of business again today but it can't go on much longer without comment from Apple.
DOn;t disagree with you, but when the issues go from "buzz" and "customer winning" to actually affecting the Bank, then investor and board start putting pressure for a resolution. There is where you see real result.
It seems that recall is evident:
http://finance.yahoo.com/news/Suddenly-Everyone-Is-Talking-siliconalley-451610835.html?x=0&.v=5
http://finance.yahoo.com/news/Suddenly-Everyone-Is-Talking-siliconalley-451610835.html?x=0&.v=5
Is it helpful to say Apple has lost over $7 billion in market cap due to hiding an issue that could have been remedied for a few million bucks?
I think another $20 billion in market cap will get their attention. Now that Apple is entirely corporate and no longer cares for its customers, the bottom line impact will make the decisions. Not customer wishes.
The story is huge now, best to sell and get back in right before Apple offers a statement. Just give everyone a bumper, what to they cost Apple, maybe 30 cents to make?
Have we learned nothing from the Cramers of the world, pump the news, and buy at the low. The said part is that the small investors are the ones going to get burned beucase theya re scared as hell and dump. Look at the trade spreads, there are so many trades under 500 shares its nuts, but the buyers are picking up average 5k-with a 250k trade just crossing.
This is a not a eart moving event for Apple. If they had to buy back every phone sold it would be a nit comapred to the 40 billion cash onhand. Relax and if you were smart I would buy at the lows, those that did today are aleardy making money.
Why are you comparing Apple's stock with the Dow? You should compare it with the NASDAQ, which his currently up a measly 1%.
And Apple's is down 4% now.
That's quite a big difference. MS, Google, Adobe, HP and most of the other big tech companies are all up in line with the NASDAQ.
Apple is the odd one out.
you can throw as much lipstick on this pig as you want. Apple shares severely underperforming the market, tech stocks, peers, etc. directly due to recall issues.
If Apple doesnt fix this issue properly, it will kill the mainstream early adopter. Not the crowd on these forums, as Apple could put out a turd and people would line up to pay $500 for it. But most people who are just getting excited about Apple and thinking about throwing out that Dell. They will wait next time to see what bugs are there. That slows growth and for a company this big, the law of large numbers can be a pain without being able to rapidly grow share by winning over that more mainstream crowd.
If Apple doesnt fix this issue properly, it will kill the mainstream early adopter. Not the crowd on these forums, as Apple could put out a turd and people would line up to pay $500 for it. But most people who are just getting excited about Apple and thinking about throwing out that Dell. They will wait next time to see what bugs are there. That slows growth and for a company this big, the law of large numbers can be a pain without being able to rapidly grow share by winning over that more mainstream crowd.
That's not true at all. A 20-30 point drop is due to pretty damaging news or events for a company at AAPL's price, not rumors of recalls nor bad press about a device flaw that not everyone is experiencing.
At APPL's stock price, being down $6-$10 is indicative of recent bad press for the company, at $10 thats a 4% tick in price. A $20-$30 could infact happen if Apple were to come out and say something to the effect of "We're going to recall 1 million iPhones and halt further production until we re-engineer the phone to fix the problem.
AAPL will rebound and will be 300 by the end of the year. Stocks drop and they rise but to imply that this will cause the company to be like it was in the 1980s close to bankruptcy is just crazy.