Why is Apple Stock Getting Hammered Today?

[crossingover]

Closed yesterday at 168 and all seemed well...

Then today, the day before earnings, apple is sinking like a brick currently at 159.97

Can anyone make sense of it? Maybe I missed something, but I would've expected apple stock to hold its ground or go up before earnings, which are expected to have strong macbook and iphone sales.

 

[stoid]

The good news for me is that it has convinced me to hold on for a lot longer. I was going to sell if it went over $170 prior to the earnings call, but now I'll be sticking with it until it rebounds higher, even if that means 3-5 years+.

 

[wordmunger]

Closed yesterday at 168 and all seemed well...

Then today, the day before earnings, apple is sinking like a brick currently at 159.97

Can anyone make sense of it? Maybe I missed something, but I would've expected apple stock to hold its ground or go up before earnings, which are expected to have strong macbook and iphone sales.

The stock went up yesterday on an optimistic early earnings projection. It went down today, probably due to people cashing in on yesterday's gains. You'll drive yourself crazy following the stock this closely. Just sit back and hang onto it for a few years. You'll do fine (but you should also have other stocks in your portfolio!).

 

[deputy_doofy]

There was also a downgrade by an analyst today. I wish they'd drive the price ALL the way down so I can really load up. See it as a buying opportunity.

 

[crossingover]

I guess i'm just kicking myself for not selling yesterday and buying back today.

I started buying apple a few months ago around 128 and would sell on spikes and buy on dips and then wait for spikes again. (usually about a week or two in between each buy and sell) This allowed me to accumulate much more shares of apple than when I started.

I just find it hard to understand why it is tanking this much before earnings, which are expected to do better than the estimates.




158.66 now.... maybe I should just ignore it for today and see what happens tomorrow

 

[IJ Reilly]

There was also a downgrade by an analyst today.

http://www.marketwatch.com/news/sto...3C-48C3-89FE-CE5C84BE49D8}&dist=TQP_Mod_mktwN

Real investors will ignore it. The real news comes tomorrow.

 

[deputy_doofy]

I'm not afraid of the drops. I've been long since my pitiful purchase around $20 pre-split. Only wish I'd have had real money back then.
Kills me to think about it.

 

[crossingover]

turning off the quotes and gonna go do stuff and be productive.

guess we'll see what happens tomorrow and on thursday.

I think the sell off today would be a great time to buy, but unfortunately I already put all my capital in apple @ 154.

Goodluck to apple longs!

 

[jackc]

I guess i'm just kicking myself for not selling yesterday and buying back today.

I started buying apple a few months ago around 128 and would sell on spikes and buy on dips and then wait for spikes again. (usually about a week or two in between each buy and sell) This allowed me to accumulate much more shares of apple than when I started.

I just find it hard to understand why it is tanking this much before earnings, which are expected to do better than the estimates.




158.66 now.... maybe I should just ignore it for today and see what happens tomorrow

That seems like a good strategy after it works out a couple of times, but you could burned doing that too. You could end up buying on a major down move, or missing a big upside move by selling too soon.

 

[crossingover]

watched the stock today like a hawk... had cnbc on tv..

as soon as they announced the apple numbers the stock shot up to $170

I panicked and call the broker and by the time I got through to a rep it was at $160 I put in an order to sell at $162 and luckily got filled before 5pm!

the stock is now at $158.8 after hours...

phew... been a crazy roller coaster ride

guess i'll wait to see what happens and buy back into again very soon