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blasto333
Aug 7, 2006, 02:13 PM
I am surprised Apple's stock didn't go up today. Even though the keynote address didn't have as much excitement as we all had hoped for, Apple did release the new mac pro and completed the transition to intel.

Apple also showed off some awesome features of Mac OS X leopard (I really like the backup and Mail improvements).

I guess I always expect stock to go up with good news. But maybe the expectations were too high. (And apple's stock has been going up a lot lately)

There is still some time, so maybe it will go up.

bousozoku
Aug 7, 2006, 02:51 PM
It was up over $69 before the keynote. Afterwards, it dropped to $66 and change.

Someone usually buys beforehand and sells afterwards. It really doesn't make sense unless you're trying to make it look as though Apple's presentation was worthless.

IJ Reilly
Aug 7, 2006, 04:51 PM
AAPL almost never goes up on new product announcements. New products don't matter unless the products make money, and that won't be known for several months at least.

iHotu
Aug 7, 2006, 04:56 PM
The stock price has Intel mac pros, servers and 10.5 priced in, now if a new product or service was shown, then maybe you would see more movement.

Flowbee
Aug 7, 2006, 05:05 PM
The run-up on price usually happens in the days leading up to the Keynote. Then the price falls after the keynote, when inverstors sell to take the profits on stock they bought earlier in the week. People often mistake this as Wall Street's disappointment with Apple's new products.

Unspeaked
Aug 8, 2006, 03:02 PM
Wall Street wanted video iPods and an iTunes movie store.

It's gone up $16 in a month in anticipation of those two things...