Apple stock free-fall!

[roland.g]

What is up with Apple stock?

It is in a free-fall. It was just around $200 per share a few weeks ago and now it is down around $135, dropping another $19 today alone!!!:eek:

[adrianblaine]

I have this view of the situation.

Tuesday's sharp decline in Apple's share price is just the latest opportunity for investors to buy into or increase their positions in the multi-faceted electronics company, say analysts at investment bank Piper Jaffray.

http://www.appleinsider.com/articles/08/01/23/apple_stock_drop_seen_as_latest_buying_opportunity.html


No one ever said that the stock market behaves the way you think it should. It will go back up unless Apple really does something to screw up.

[Chaszmyr]

I'm counting on today being the right day to buy shares.

[Markleshark]

Looks that way, if only I had the money to gamble.

[MacBoobsPro]

Theres a threat of recession right? Stocks will inevitably go down as people sell their shares at the higher rate before the recession kicks in when stock values will definitely fall. The more that sell the more the price goes down.

I'm not a stock guru by a long shot but I think now and in the immediate future would be a good time to buy Apple stock. It may initially continue to fall but with the way Apple is performing at the moment confidence will remain and the value will inevitably rise.

Just wish I had some money and knew how to go about buying shares. :D

EDIT: Actually WTF am I talking about? Now is a good time to sell. Buy when the recession hits! Damn I'm a frickin idiot. Thats why its going down because people are selling.

[macenforcer]

Plus when Steve retires it will crash.

[roland.g]

Yes, my retroball tells me I should have bought all I could at $78 Dec 2006 and sold it all at $200 Dec 2007. Then I could have rebought in the near future. Where's Doc Brown when you need him.

[MBX]

i was so dumb not having sold when it was at 200. was too optimistic about the macworld and never could've thought the entire market would fail so quickly.

anybody know if i should wait out, let me know if there's any hope of aapl getting back up again.

[Unspeaked]

May I just add that today alone, Steve Jobs has lost $148,090,241.69.

That's no fun at all.

[stoid]

How does one go about buying, say $2000 or so of Apple stock?

[John Purple]

No surprise that Apple stock is falling, falling and falling as Apple is seen as a consumer goods maker. Consumption sectors in US and Europe aren't really a big hit at the stock exchange for the moment ;)
Maybe (and hopefully) this downturn makes SJ think of investing more in Apple's Pro lines.
(Still waiting for MBP & Aperture updates :( )

[Consultant]

Recently, stock markets around the world are all exhibiting the same downward trend. Some might think it's the "R" word.

[Unspeaked]

How does one go about buying, say $2000 or so of Apple stock?

http://www.scottrade.com/

[macmike47]

May I just add that today alone, Steve Jobs has lost $148,090,241.69.

That's no fun at all.

Lol, that's funny :p

Poor Steve... Then again, it's not like he'll miss it.

Also, it's an impetus to not stop making cool products.

[yellow]

Yes, my retroball tells me I should have bought all I could at $78 Dec 2006 and sold it all at $200 Dec 2007.

My retroball tells me I'm an idiot for selling all the shares that I bought at $12 when the stock was at $60 before the first split. It's all I hear in the quiet times...

idiot idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit......

[macmike47]

My retroball tells me I'm an idiot for selling all the shares that I bought at $12 when the stock was at $60 before the first split. It's all I hear in the quiet times...

idiot idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit idiot idiot idoit......

Hey, that's a 400% gain... Not bad going. But yeah, you have a point. We could all use a retroball.

[sk8mash]

Yeah, its not really apples fault as far as i can tell...the whole stock market is kinda crashing at the moment. Turn on the news for a peek...

[macdaddy121]

Almost everyone is taking a beating right now....But Steve Jobs might be out of comission for a couple days to get over the hang over he is creating today!

[macenforcer]

Might be a good idea to SELL now before it goes below $100 per share. Its really falling fast.

[Dave00]

This is a phenomenal buying opportunity. This is when you really make your money, when the masses run the opposite direction. The price apple is at now is what it should be if earnings were stable. But they're not. They're on a quickly expanding trajectory. They just released a groundbreaking new laptop, and will be at the forefront with multitouch trackpads the way they were with iPods. They have an enormous reservoir of untapped market share. They have no debt and oodles of cash.

Yes, the stock could go down more tomorrow, and the next day, and the next week. But over the next 3-5 years - which is the perspective you should have - it'll probably double from current levels. It does take a strong stomach to buy now, but you'll be rewarded if you hang on. $25 cheaper than yesterday! That's a sale, baby. They may even buy back some of their own shares. If I had a buck to spare, i'd be buying right now. Unfortunately it's already invested, have to wait for the next paycheck to put in s'more. :)

[macenforcer]

You would have to be an idiot to buy right now. Maybe in a few weeks but not today. Its falling too fast.

[n-abounds]

Yea I just bought in. Today or tomorrow will be the bottom (extremely short-term).

[NOV]

May I just add that today alone, Steve Jobs has lost $148,090,241.69.

That's no fun at all.

I think he can handle it ;)

[jackc]

It would have been nice to sell at the top, but if it never went above $140 in the first place it still would have been an enormous gain over the last year.

I'm not going to sell into a panicked market.

[Izzy]

I think Apple is a victim of the broader economic climate. I don't think there is anything particularly wrong with Apple as a company. With the housing and credit problems in the United States being expected to cause a decline in consumer spending, Apple's revenue is expected to grow at a slower pace. Apple is a growth stock and much of the price on any given day reflects the market's confidence in Apple's prospects for future growth. Given the state of the economy, these prospect are not as bright now as they might have been.

[John Purple]

Yea I just bought in. Today or tomorrow will be the bottom (extremely short-term).

Good luck :)

Dow and Nasdaq just fell a bit the last days while stock exchanges in Europe and Asia dropped by 20% and more in the last days. There is more to come for the US too :o

[Trooperof3]

[INSERT EVERY CURSE WORD KNOWN 2 MAN HERE]

128 (-27) ouch.. this is killing me.. To think it was JUST at 200 I thought everything was booming. I can't take to much more.

[akadmon]

I think Apple is a victim of the broader economic climate. I don't think there is anything particularly wrong with Apple as a company. With the housing and credit problems in the United States being expected to cause a decline in consumer spending, Apple's revenue is expected to grow at a slower pace. Apple is a growth stock and much of the price on any given day reflects the market's confidence in Apple's prospects for future growth. Given the state of the economy, these prospect are not as bright now as they might have been.

That's a lot of buzz words up there, Izzy :eek:

[INSERT EVERY CURSE WORD KNOWN 2 MAN HERE]

128 (-27) ouch.. this is killing me.. To think it was JUST at 200 I thought everything was booming. I can't take to much more.

Cheer up -- it just recovered to 129!:D

[MBX]

Makes the impression that it will go back down to last years value of below 100 and further down.

[Dave00]

You would have to be an idiot to buy right now. Maybe in a few weeks but not today. Its falling too fast.
Then I'm an idiot. And one who's going to make a good bit more money out of my Apple stock. If you wait to sell till it stops going up, or wait to buy until it stops going down, you're destined to buy high and sell low. You never know, short term, whether it's going up or down. You just don't. But long-term, if the fundamentals are good, you're going to make money. Just returning to its previous high - which it will almost certainly do within the next 3-5 years - will make you on the order of 60%. If it goes down even more, you buy even more. But you're kidding yourself if you think you know when it's hit top or bottom.

Right now there are bargains EVERYWHERE in tech. Look at garmin. Despite all indications of an enormous amount of sales over the holidays, it's selling at 50% off. That's 100% gain if it just returns to previous highs.

[macenforcer]

Its coming back up just as fast as it went down.

[macdaddy121]

Its coming back up just as fast as it went down.

It's coming back up but I don't know about as fast as it went down....

[pnorris3]

What to do I bought a little while ago at $190? Best to hold on I guess for the next several months. Any suggestions from you guys?

[MBX]

...I bought a little while ago at $190?

omg

[elcid]

"So if it is a... bagel, the Fed thinks it's gonna be a mild bagel"



Apple has always outperformed wall street's expectations. Flat sales in iPods and their little teleconference with low expectations have people running. The market is going down, so you have to sell the most lackluster first...

[pnorris3]

yeah its rough it wasn't tons of shares so i have lost about 2 grand so far

[mr.666]

Yea I just bought in. Today or tomorrow will be the bottom (extremely short-term).

agree. like it's been said before the WHOLE worlds markets are suffering too. i'm giving it two weeks before making a buy or sell desisions. i bought apple at 120... so i will buy more.

[Much Ado]

What to do I bought a little while ago at $190? Best to hold on I guess for the next several months. Any suggestions from you guys?

Keep it. It's price is only in paper, after all. Put some music on, stick you fingers in your ears and don't look for another 6 months. You'll be fine :)

[Kamera RAWr]

What to do I bought a little while ago at $190? Best to hold on I guess for the next several months. Any suggestions from you guys?

Apple is a solid company with solid earnings. I agree with what others have said that its the market and economy in general that is driving down the price. If you have money, let drop a little more and pick up some shares. Just humble opinion :o

[MBX]

Keep it. It's price is only in paper, after all. Put some music on, stick you fingers in your ears and don't look for another 6 months. You'll be fine :)

What does make you think that this will be the case?

It could go down again to 100 or below as well and stay there for a year or longer or never recover to beyond 130, especially if the U.S. semi-recession is continuing like this, the dollar falling and so on. Apple can't help it if the entire market drags it's shares down.

[Kamera RAWr]

Well, I personally still think Apple is a good reasonably long term investment. I think they're probably good for at least 5 years. Again, just my humble opinion

[Much Ado]

What does make you think that this will be the case?

It could go down again to 100 or below as well and stay there for a year or longer or never recover to beyond 130, especially if the U.S. semi-recession is continuing like this, the dollar falling and so on. Apple can't help it if the entire market drags it's shares down.

Well how are you judging a bottom to this? I'm looking at today's intraday happenings, for one...

Remember:
$18 Billion in the bank, no debt, blow-out quarter, new markets to expand into...

Earnings growth 40-50%, and people are selling?

EDIT: And yes, I'll put my money where my mouth is. I bought more at $128. I'm up nearly $10 a share today.

[iAthena]

How does one go about buying, say $2000 or so of Apple stock?

Contact a broker or one of those online brokerages.

[Mantat]

First I dont own any APPL shares BUT here is my take on the situation.

First as many people have said all the markets are in panic right now so it is definatly not a time to sell. You either sell at the start of a panic (hard to tell) or dont sell at all. Dont forget that you only lose money when you sell, if you keep the stock it is only a lost on paper.

Here is my analysis of the situation and why the present is a good time to invest in APPL.

First Apple is a strong company with solid financial positions. They sell many desirable products and have the favor of the public. The market is currently diminishing all of these because they see Apple as supplier of commodity products which are often hit hard during recessions. The recession might hit Apple a bit but not much because Apples' market is quite resilient to recessions: educated workers (computers) and kids/teen (music & iPod). These group will keep buying the same products because they are already willing to pay a premium for the apple logo so to them a recession just mean that the product cost more (since they have less money).

Recession also means that the production cost of all products will decrease, which in return will yield more money to Apple. It could also allow Apple to buy some company on the cheap.

In the mid to long term, I dont think there is any reason to worry about the share. But I understand the feeling of the people who bought it at 190$. I still have shares from a company that I got at 11$ that now worth about 1$. It sucks but it balances the ones I got at 3$ that worth ten time more now...

Is it time to buy now? I cant tell. But if I had money to put in APPL, I would buy 1/3 of my budget today, 1/3 next week and the rest in another week. If the price keep falling down, I would reassess the situation. If everything was still equal, I would keep buying in small chunk. This might sound stupid but this is how you protect yourself againts risks. Each time you get more stock, you reduce the average cost of each of your share so once it rebounce (and it will eventually) you can make a quick profit and not have to wait for it to get back to its top level.

It will be great to resurect this thread in a few months ;-)

Bad market situation are the best way to test your nerves.

[macdaddy121]

Hell of a rebound going on right now....

[LangleyAls]

the rebound is all down to me guys! i was an idiot and sold at 128, now just look at it rise on up! i take full credit...






(DAM)

[Much Ado]

Careful, guys. Just keep an eye on what happens around 140...

[MBX]

the rebound is all down to me guys! i was an idiot and sold at 128, now just look at it rise on up! i take full credit...






(DAM)

did you make any money or loose?

[Unspeaked]

the rebound is all down to me guys! i was an idiot and sold at 128, now just look at it rise on up! i take full credit...

That's what always happens...

[sushi]

[INSERT EVERY CURSE WORD KNOWN 2 MAN HERE]

128 (-27) ouch.. this is killing me.. To think it was JUST at 200 I thought everything was booming. I can't take to much more.
This can happen in the stock market. If you do not feel comfortable with this, then maybe individual stocks or investing in the stock is not for you.

There are other ways of increasing your networth. And all have their pros and cons.

What to do I bought a little while ago at $190? Best to hold on I guess for the next several months. Any suggestions from you guys?
Don't panic.

The market is moving. Apple as a company has not changed in the last couple of days. It is still solid with a growing market share.

That's what always happens...
Yep.

Buy high and sell low -- not what you want to do that much is for sure.

[LangleyAls]

did you make any money or loose?

Bought them at around $110 in August and promised myself i wouldn't sell until they had doubled in value! I just panicked with this whole recession thing! Next time I will just stick to my guns! Atleast some profit made but still!
It must be said, this stock market thing, trickier than it looks!!

[IJ Reilly]

I've held AAPL since 1997. Every time I boot myself around and ask myself "why didn't I sell last week?" I find after a while I'm happy I did not sell. My only regret is the several hundred shares I sold a few years ago.

[jackc]

What to do I bought a little while ago at $190? Best to hold on I guess for the next several months. Any suggestions from you guys?

The price you paid should have absolutely no relevance on whether you sell or not (except possibly if you want to consider your tax liability). You've already taken the loss.

[n-abounds]

Mmm, bought in at $127. Sadly, I have so little money not invested in ETFC that I could only afford 5 shares :) Ah well, good pocket change.

[QCassidy352]

You've already taken the loss.

No, he hasn't. He takes the loss when he sells the shares. If he holds it and the stock rebounds, it really won't matter what today's price was.

I bought in at $37, sold some at $75, and some more at $130. So it's really all just gravy at this point. That said, I'm confident in apple's position as a company, so I don't see selling in this short-term panic.

[jackc]

No, he hasn't. He takes the loss when he sells the shares. If he holds it and the stock rebounds, it really won't matter what today's price was.

I bought in at $37, sold some at $75, and some more at $130. So it's really all just gravy at this point. That said, I'm confident in apple's position as a company, so I don't see selling in this short-term panic.

Right, what I meant was, right now he's down x dollars, and the decision to sell should not be based on your purchase price. If you bought at the close today, you should have the same decision as if you paid $100 more (again tax considerations excluded).

[akadmon]

What to do I bought a little while ago at $190? Best to hold on I guess for the next several months. Any suggestions from you guys?

As someone else said, Apple is a solid company, so if you keep the stock, you will eventually make money on your investment. The question is: what does "eventually" mean? Unfortunately for you, the stock was way overvalued when you bought it. Combined with the overall state of the US/world economy, I say it will be at least a couple of years before the stock hits $200. My advice is: unless you're desperate for cash, keep it.

[pjarvi]

I just auto-invest on a weekly basis, so the lower it goes the more I get. I wish Apple would split to get the price back down so more people could buy in.

[IJ Reilly]

I just auto-invest on a weekly basis, so the lower it goes the more I get. I wish Apple would split to get the price back down so more people could buy in.

Splits don't matter. If you can't afford to buy even one share, you probably should not be investing in stock.

[lucky3killer]

Well, Apple's share is higher than Dell, Sony, HP and MS.

No surprise to see fall in share.

[lucky3killer]

I think Apple is a victim of the broader economic climate. I don't think there is anything particularly wrong with Apple as a company. With the housing and credit problems in the United States being expected to cause a decline in consumer spending, Apple's revenue is expected to grow at a slower pace. Apple is a growth stock and much of the price on any given day reflects the market's confidence in Apple's prospects for future growth. Given the state of the economy, these prospect are not as bright now as they might have been.

Yup, You got good point. :)

Share was went up and down, it will down due credit issue and high gas prices, cause consumers to move away from Apple.

[ToddW]

i bought a big chunk in late 2002 or early 2003. been waiting for it to slump again to buy in some more. i guess i need to hold on for a little while longer. next time it hits 200 i'm going to have to take my initial investment plus a percent or two maybe.

[loft3]

How does one go about buying, say $2000 or so of Apple stock?

Fidelity or Scottstrade. I'd shy away from Etrade. I like Fidelity because they have a dedicated iPhone site.

[loft3]

I bought AAPL (these are all split-adjusted prices) for $6.50, $12, $27, $58, $70, $88, $94, $103, $130, and just three weeks ago for $202 (ugh!).

It's at around $135 right now. I think its a good time to buy. Remember: buy damaged stocks, not damaged companies. Apple is one of the healthiest on the planet. The room for growth is limitless (due to their small marketshare in phones and computers). I do not think iPod sales will decrease. With future touches and shuffles, I think Apple will put many more iPods into hands of people who are still buying their first MP3 player or upgrading an old one.

I think the first half of 2008 might not do much for the stock (or the market in general) but I see AAPL back at $200 by the fall and $250 by the end of the year. When the economy recovers, and if Apple can sell 50 million iPhones in the next three years, while continuing to grow their computer biz in Europe and Asia I think it's easily a $600 stock in 36 months.

For those freaked out by the recent fall: I remember when the stock was around $90 a share and in three weeks it fell to something like $54. Everyone freaked out. People said the ride was over. The ride is not over until Apple becomes a damaged company.

I'd enjoy hearing any agreements/disagreements on this post.

[macdaddy121]

I bought AAPL (these are all split-adjusted prices) for $6.50, $12, $27, $58, $70, $88, $94, $103, $130, and just three weeks ago for $202 (ugh!).

It's at around $135 right now. I think its a good time to buy. Remember: buy damaged stocks, not damaged companies. Apple is one of the healthiest on the planet. The room for growth is limitless (due to their small marketshare in phones and computers). I do not think iPod sales will decrease. With future touches and shuffles, I think Apple will put many more iPods into hands of people who are still buying their first MP3 player or upgrading an old one.

I think the first half of 2008 might not do much for the stock (or the market in general) but I see AAPL back at $200 by the fall and $250 by the end of the year. When the economy recovers, and if Apple can sell 50 million iPhones in the next three years, while continuing to grow their computer biz in Europe and Asia I think it's easily a $600 stock in 36 months.

For those freaked out by the recent fall: I remember when the stock was around $90 a share and in three weeks it fell to something like $54. Everyone freaked out. People said the ride was over. The ride is not over until Apple becomes a damaged company.

I'd enjoy hearing any agreements/disagreements on this post.

My only disagreement is the "easily a $600 stock in 36 months". There is no guarantee we will be economically stable and there are very very few $600 stocks! I know Apple is a solid company but to assume that the stock prices will rise 400% + is hardly an easy thought....Especially with the market the way it is forecasted to be the next year or so. That would be my only issue with your post.

[loft3]

My only disagreement is the "easily a $600 stock in 36 months". There is no guarantee we will be economically stable and there are very very few $600 stocks! I know Apple is a solid company but to assume that the stock prices will rise 400% + is hardly an easy thought....Especially with the market the way it is forecasted to be the next year or so. That would be my only issue with your post.

I guess I can agree with that. I was basing that on the fact that AAPL has pretty much doubled every year for the last four years: $150x2 = $300 x2 = $600 (well, that math would put it in two years. I was giving three on account of the economy). Maybe 36 months is a stretch, but if the economy improves by the end of 2008, maybe not.

[gkarris]

Apple, with the wonderful US economy, will have a rough year. People are going to start realizing that they don't always need the newest iPod or computer.

People on really tight budgets that only use a computer for e-mail or Internet will go for the $449 HP laptop rather than the $1099 MacBook. It not that the HP is better (there's constant arguements about that), but it's a matter of how much money people actually have...

[clevin]

I think in next 18 months, highest you can get for APPL is ~$200. the market is getting saturated, and the reality of PC->Mac switch is surfacing, good, and bad. MP3 market is getting there as well.

Lets see what other ideas, new markets apple is going to enter,

[IJ Reilly]

My only disagreement is the "easily a $600 stock in 36 months". There is no guarantee we will be economically stable and there are very very few $600 stocks! I know Apple is a solid company but to assume that the stock prices will rise 400% + is hardly an easy thought....Especially with the market the way it is forecasted to be the next year or so. That would be my only issue with your post.

There aren't many $600 stocks because typically the shares are split long before they get there. If a old company like GE for example hadn't split many many times over the years, its shares would probably be selling in the thousands today. Apple has apparently elected to stop splitting for now.

Quadrupling isn't entirely out of the question, given past performance, but I this counts on growth in the next few years at least as good as the past few, which is remote possibility.

The market psychology about AAPL has really never changed in all the years I've been following it. Traders are always prepared to believe that the Apple story is over. They seem to require absolutely irrefutable evidence to believe otherwise, which Apple did not give them this month.

[carlgo]

Remember the role of analysts. That can be broken down into anal-ysts. They are fearful little lemmings that scurry around doing what everyone else is doing so they don't get caught on the wrong side of the fence when the bear comes along.

Another factor here, that investors in Apple should note, is that the company is not the darling of the anal-ysts. Many of them simply do not like Apple at all, their products, the management or how they deal with the investment community. Jobs has never been considered to be Wall Street friendly. And he isn't.

There is still that East Coast mind-set that Apple is run by a bunch of hippies that wear tie-dyed shirts and smoke weed in the break room. The anal-ysts would rather deal with IBM and other "mainstream" companies.

The bottom line to this story is that Apple is going to be a more volatile stock than most and will go down hard if there is any little glitch at all. It has done well by me, in at $17, but I have to ignore the big downs and that isn't easy.

[unity2000]

Apple sells luxury items at a premium price... no one really 'needs' these items but since times are good and consumers have disposable cash, they buy them.

In times of economic uncertainty consumers will cut out the luxury items and just buy enough to satisfy the basic needs.

Need a laptop to surf the web and manage your email?
Dell sells em for as low as $499.

Doesn't make much sense to to pay a premium for Apple and spend $1099. They can use the $600 savings for food or school books for the kids instead of Apple's pockets.

I think this is why Apple is tanking.. investors realize this very thing. :eek:

[Consultant]

Apple sells luxury items at a premium price... no one really 'needs' these items but since times are good and consumers have disposable cash, they buy them.

In times of economic uncertainty consumers will cut out the luxury items and just buy enough to satisfy the basic needs.

Need a laptop to surf the web and manage your email?
Dell sells em for as low as $499.

Doesn't make much sense to to pay a premium for Apple and spend $1099. They can use the $600 savings for food or school books for the kids instead of Apple's pockets.

I think this is why Apple is tanking.. investors realize this very thing. :eek:

No, Apple is not tanking, Apple has just made their largest quarterly sales ever.

Stock value is dependent on the market condition. Note the WHOLE market went down.

In addition, just because YOU can't afford anything beside the bottom of the barrel dell, doesn't mean other people can't afford it. In fact, plenty of people can afford it, as Apple just had record sales.

[unity2000]

In addition, just because YOU can't afford anything beside the bottom of the barrel dell, doesn't mean other people can't afford it. In fact, plenty of people can afford it, as Apple just had record sales.

Sorry pal, don't assume I have money problems which I don't.

I am just stating the obvious when times get hard people will conserve their money.

[theman]

I'm counting on today being the right day to buy shares.

umm, i think that was 5 years ago....

[Tiger the Frog]

I don't buy the idea that people will buy Dells and not Apples because times are tough. This is based on the idea that people are logical. If people behaved in a logical way, there would never have been this sub-prime mess.

If you are a hip college student and you want a MacBook, you want a MacBook. That's all there is too it. You don't want a stupid Dell, any more than you want to wear uncool sneakers just because they're cheaper.

If anything, people will buy iPods because they are depressed that they are losiing money. And they'll buy a Wii too. We're all going broke so let's have some fun!

People will keep buying Apples. I went over to the store in NYC and it was packed as usual. Check out your local store.

The Apple stock freefall began when Apple announced a lower growth for Quarter One 2008. (in other words, less growth than 4th Quarter 2007, the best ever.) I want to ask you all how many times has Steve Jobs announced a target and not beat it? And how many times has Apple stock tanked because of reasons that had nothing to do with its solidity as a company?

Umm...it sold at $110 for awhile last summer. And it fell again n September right after Jobs announced he was cutting the price of the iPhone. Obviously no one was buying iPhones! Time to jump out the window!

And then as you all know...it was up to $200 soon after.

No one knows about the stock market. If you think the stock market smarties know it all, why did they just lose billions of dollars on the subprime deals?

The stock is low because people are AFRAID that Apple will have less profits. They don't know. Nobody does. (Maybe Jobs does...)

Unprofitable companies go down the tubes. Phony companies with cooked books built with smoke and mirrors. Apple is a very profitable company. They rip you off in 5000 different ways! 250 for a gig of memory. Or you can buy 4 gigs at OWC. Every time you buy iLife or Quicktime you have to pay the whole thing. No upgrades. Everything breaks and then they come out with cool stuff. I'm on my third iPod. My battery for my MacBook, bought in January, is already tanking.

But I will keep buying Apple. I'll sell my house, I'll sell my blood to keep buying Apple. But I haven't had to do anything drastic yet because I've made so much money on Apple stock that I've had more money to buy Apple stuff.

Apple will always fall when the general market falls or when there's some stupid irrational panic. Many of the stock analysts I've read still say it will go back over 200 at some point. (not sure when, though)

I'm hanging tough. I'm keeping all my stock and buying a few more thousand now. I will sell some when it gets to 200 and then wait for the next irrational panic.

I predict it will get up to 225 before the end of the year And then there will be a panic and it will drop back to 160. And then...oh you get the idea.

I think the idea I've heard is to buy low and sell high. But I do agree with the guy who said buy a little bit and wait to see if it goes down further. That's what I've been doing.

Of course, what the hell do I know?

Good luck everybody!

[blairwillis]

AAPL is dipping yet again, a new 52 wk low of $124.20 nearing the end of the day.

It's a shame, really, but it's getting kicked hard in an already crap market.

I managed to sell at just under $170, and advised family & friends to sell that were still holding when it breached $200 (and they did, thankfully!). I figured we'd see down below $150, maybe $140, but it's ridiculous now

Real-time at 123.67 and looking down. Yikes. :eek:

I would have bought back in, but due to the overall market situation, I'm afraid we've not seen bottom yet.

[blairwillis]

Update:

AAPL closed the day at 122.00 and is below 120 now (119.90) in after-hours trading.
:(

It seems CSCO's release of cautious guidance is pulling hard on the sector. And I don't know what the heck is happening with poor SGIC, down almost 10% today.

I'll tell you what, with AAPL's terrible trend in this crap market, I think we're still just getting a taste of things to come. Apple is a strong company (by the numbers, I'm not talking as a product fan here) with an amazing cash reserve. There's no reason they'd have worse than some hiccups or slight heartburn in even a "recession" period of a few months, which is not at all accurately reflected in the last few weeks of AAPL #'s.

And earlier on I had the impression it was due to overhype and buildup to MacWorld and earnings, along with a perhaps overzealous pump due to the iPhone, however this is just way beyond the realm of "correction".

[Peace]

Update:

AAPL closed the day at 122.00 and is below 120 now (119.90) in after-hours trading.
:(

It seems CSCO's release of cautious guidance is pulling hard on the sector. And I don't know what the heck is happening with poor SGIC, down almost 10% today.

I'll tell you what, with AAPL's terrible trend in this crap market, I think we're still just getting a taste of things to come. Apple is a strong company (by the numbers, I'm not talking as a product fan here) with an amazing cash reserve. There's no reason they'd have worse than some hiccups or slight heartburn in even a "recession" period of a few months, which is not at all accurately reflected in the last few weeks of AAPL #'s.

And earlier on I had the impression it was due to overhype and buildup to MacWorld and earnings, along with a perhaps overzealous pump due to the iPhone, however this is just way beyond the realm of "correction".

This is exactly why there wasn't a stock split a month ago.

[IJ Reilly]

This is exactly why there wasn't a stock split a month ago.

I don't think so. In fact, I can't see a single reason to believe this.

[MBX]

I'm glad i pulled out a few weeks ago (wish i did at 200 though), it's at 117 or 118 as of now. A real shame.

[/dev/toaster]

The whole market seems to be declining pretty fast. I am waiting for Apples stock to get under $100 again so I can get in on purchasing some. (Like 2 shares LOL)

[Much Ado]

This is exactly why there wasn't a stock split a month ago.

*Sigh* There wasn't a stock split because there is very little point in splitting a stock in the first place.

I have an Apple, I have two halves of an Apple. All the same to me. Any difference is in the mind.

[Dave00]

Update:

AAPL closed the day at 122.00 and is below 120 now (119.90) in after-hours trading.
:(

Actually, the person who's probably going to do the best in all this is the earlier poster who bought at various price points, including the top. Trying to time the market, or even an individual stock, is very difficult business and often ruled more by emotion than reason. You'd probably do better to just buy a set dollar amount at regular intervals, without worrying about what it's going to do in the near term. I bought into AAPL at around 57, pre-iPhone. I bought some more when it plummetted to $130, and I'll probably buy some more this week around $120. Could it drop to $60? Sure. Will it? Who knows. I can't tell you how often I've made the mistake of saying "I'll buy it when it goes below 'X'," only to have it start going back up and missing out on some big gains. Over the long haul, it's got a very bright future. Mac market share is growing. Once the iPhone becomes a mature product with a lower price and isn't tied to just one carrier, sales are going to explode. And iPods, though growth is slowing, have a throttle-hold on the portable music player industry. Kids want an iPod, not an MP3 player, even if it has bigger screen/costs less/etc. than an iPod. Cars are starting to come with iPod connectors. That's serious branding.

[HD Shooter]

Yes I actually almost bought at $200.

I waited and bought a few hundred shares at $131 when it looked like $130 was the bottom. I have to thank a real pessimist here who said AAPL would hit 117 when it was around the 200 mark.... that was his buy call.

I, like many said no way but the guy had some good points ;)

I waited and thank god! Still right after the purchase it goes to 119, now back to 130 today... phew! What a ride...

I did buy etfc at $3 and did great on that. I bought aapl as a very long term investment knowing that it has so much upside and how solid the company is.

At this valuation I believe that it should be bought and not looked at for a few years if only to buy more.

That my 2 cents :)

[Dr_Maybe]

I just bought some for around $130. They are down a little, but I plan to hold them for years. In a few years I hope that they are at more than $200.

[artman1033]

All things aapl financial at the apple finance board http://www.macobserver.com/forums/viewforum.php?f=7

[callmemike20]

*Sigh* There wasn't a stock split because there is very little point in splitting a stock in the first place.

I have an Apple, I have two halves of an Apple. All the same to me. Any difference is in the mind.

But imagine this,

You buy 1 share of apple at $100.
The stock splits 2 for 1.
You now have 2 shares valued at $100 at $50 each.
With innovation and more people wanting to buy, it goes back up to $100.
Now you have 2 shares valued at $200, at $100 a piece.
So, you pretty much doubled your money.

Some companies like to keep their stock at a certain price, but with the way the market works, the price just goes up (or down). If it goes way above the price they like, they will split it. With splits, all you are doing is hoping that the stock will be in huge demand and go back up in price, thus giving you more money. Microsoft, for example, likes keeping their stock around 25 bucks. So if it goes to 45 or maybe 60, they will split it.

[Dr_Maybe]

But imagine this,

You buy 1 share of apple at $100.
The stock splits 2 for 1.
You now have 2 shares valued at $100 at $50 each.
With innovation and more people wanting to buy, it goes back up to $100.
Now you have 2 shares valued at $200, at $100 a piece.
So, you pretty much doubled your money.

Some companies like to keep their stock at a certain price, but with the way the market works, the price just goes up (or down). If it goes way above the price they like, they will split it. With splits, all you are doing is hoping that the stock will be in huge demand and go back up in price, thus giving you more money. Microsoft, for example, likes keeping their stock around 25 bucks. So if it goes to 45 or maybe 60, they will split it.

I think it is partly psychology.

But at some point a high stock price prohibit people from just buying one stock. 2x$100 and 1x$200 is really the same thing if someone just wants to buy $200 worth of stock. But for $200 they can't buy Berkshire Hathaway for instance because just one share is $143,500. The MAERSK shipping company costs more than the equivalent of USD $10,000. They just don't believe in stock splits.

EDIT: Thanks for the link to the financial board artman.

[protozoa]

I just checked, and it looks like Apple closed at $121.54 (2/21/08).

Am I crazy, or does this look like a great time to buy? :confused:

I'm sort of curious.... do most of you deal with online buying services that require a minimum purchase? I was thinking about buying whatever I could get for around a grand, and just sitting on it for several years.

I have always been sort of curious about stocks but have never dabbled in them (we have always stuck with CDs and Mutual Funds).

Frankly, I'm not sure I have ever understood the theory behind it all. If you're willing to hang on to the stocks for five to ten years, seems like the odds of losing money are less than if you're fickle.

A bunch of you are bailing out during this dip. Do you really think that's the right thing to do?? Am I missing something? :confused:

[ghettochris]

the lower it goes, the happier i get. just means i haven't missed the window of opportunity. since people are extra harsh on apple, this panic will recover, and the lower it goes the more of a bounce there is, and each time it drops more I buy more, lowering my average buy cost.

if it keeps dropping i might have to start getting some cash advances :cool:

anyone playing the AAPL game on borrowed money?

i love how the million iphones that got unlocked are LOSING apple hundreds of millions in lost subscription revenue? howbout looking at it as a million MORE iphones sold, and the millions they get from that. sure, it would be sweeter to get millions more in revenue, but i'm sure selling a million more phones than if they were un-unlockable is good for apple, not bad.

like if you pirate a movie you stole $20 from the studio. well, if you didn't pirate it, you probably weren't about to go spend $20, so you just didn't watch it and the studio has the same amount of money in the end, and possibly less popularity since less people will have seen and be talking about the movie.

[protozoa]

I purchased my first tiny piece of the Apple today. It was sort of fascinating to watch the price wobble about. I'm just doing it to play around. I don't plan on buying any more than I can afford to completely lose (and that isn't going to be much). It gives me something else to waste time on during the day (besides iTunes radio).

[HD Shooter]

I increased my position in aapl at just over pennies over 117. 30 shares.

I bought about 30 shares at 130 thinking that was the bottom. I believe that the more iphones locked or not are introducing PC people to the world of mac just like the pod and touch are. This type of brand awareness is going to pay HUGE dividends in the future.

People who were on the fence about the mac platform will be much less reluctant to pull the trigger on a desktop or anything else mac.

There is only one way for apple to go if they even remotely continue on the same trajectory of quality and user friendliness that defines the platform.

I am in long for aapl. I watch to buy on short term dips and will likely buy more if it goes down further. There is no way anyone can tell me that this company is going backwards in profitability or growth.

The Air is not my bag but the title of worlds thinnest is worth major style points. The guy/girl who is sporting one at the airport, flashing the super slick laptop with an apple logo, will only influence onlookers in a positive view of the brand.

As far as the "Iphone killers" goes..... how many times have we heard about Ipod killers? My kid didn't want an MP3 player she wanted an IPOD. I sat in an office comparing the Black berry, the new verizon answer to the iphone, and my iphone. There was just no comparison. The iphone was so clearly WAY WAY superior in features and "coolness" that the other guys finally conceded defeat in the gadget war.

Tell me the last time a company actually came out with a superior product to apple AFTER apple introduced it. ???????????


The retail stores are a HUGE strategic foothold that no one else can even try to achieve.... image the me too factor if dell (pc) attempts to get Brittany Spears (sp) to play at thier new corner store in a wall mart :)

When something becomes a commodity the only way to get a premium in price is via strong branding. That is why aapl has superior gross margins on thier products.

The only reason I have to not mortage my house to buy aapl is the PE ratio that aapl has as of this moment. 25 or so is still not what I consider a steal but that is ME. I know there will be some who say thats just way to cheap.

The other thing is we all know Jobs gives way conservation guidance EVERY time. I'm looking forward to the next earnings report. As well as my new mac pro 2008.....

[LizKat]

Apple sells luxury items at a premium price... no one really 'needs' these items but since times are good and consumers have disposable cash, they buy them.

In times of economic uncertainty consumers will cut out the luxury items and just buy enough to satisfy the basic needs.

Need a laptop to surf the web and manage your email?
Dell sells em for as low as $499.

Doesn't make much sense to to pay a premium for Apple and spend $1099. They can use the $600 savings for food or school books for the kids instead of Apple's pockets.

I think this is why Apple is tanking.. investors realize this very thing. :eek:

Yeah sure, they were saying that when I missed it on the way up, bouncing off thirteen or fifteen dollars, somewhere around there. So let me know when it gets to $80 and I'll sell one of the cats to get on board.

As far as the rebates and where people will spend them: it doesn't really matter and that's the attraction of this sort of stimulus. If you buy fast food with it, the guy flipping burgers keeps his job, sees the lines at the cashier counter and stops worrying about whether he's gonna get fired and have to let the bank repo his car. On the way home, he buys his gf a pink nano...

So my advice to you is buy the pink nano and let someone else buy the fast food. And someone will. As long as they still serve fat and salt in a takeaway package, someone will stand in line to buy it.

One thing that can go wrong with the rebate idea: if it's applied too late, people are already squirreling money away, will squirrel that away too and the economy gets practically no bounce. Another thing is that the rebate is more or less like printing money, so the Fed is right to worry that right after a few more rate cuts it will have to make a U-turn and start jacking them up again. Bumpy takeoff? Or prelude to a crash landing? All depends on you. Buy that pink nano today. Or go ahead, get the fries with the burger.

[MBX]

anyone know why aapl is so much up right now when the overall market is tanking? anything special i'm missing? can't be the macbook/ pro speed bumps.

[Phil A.]

Wirelessly posted (iPhone 16GB: Mozilla/5.0 (iPhone; U; CPU like Mac OS X; en) AppleWebKit/420.1 (KHTML, like Gecko) Version/3.0 Mobile/4A102 Safari/419.3)

anyone know why aapl is so much up right now when the overall market is tanking? anything special i'm missing? can't be the macbook/ pro speed bumps.

probably the announcement about the SDK next week. The market doesn't care about it being a week late, but it does care that apple seem to be about to go after the enterprise market. This for me is huge news and could dramatically increase iPhone sales and Mac sales on the back of them.

[IJ Reilly]

The market doesn't care about the SDK. What they care about is Apple reiterating the projection of selling ten million iPhones by the end of the year. Some concerns about this had been raised over the last month. Also, AAPL has been hammered mercilessly by the markets for the past six weeks and was due for a rebound.

[LizKat]

imo the hammering has been largely bogus and i hope the sec looks into it :)

[00hkelly]

In addition to IJ Reilly's post. If anybody saw the front of the FT today they might have a good idea.

"Apple, Research in Motion and ZTE Corp joined the ranks of the world's 10 largest mobile phone makers in 2007, underlining how technology advances and emerging markets are producing a new cast of winners and losers in the industry."

This combined with the dropping market share of Motorola which is helping boost their competitors stock price.

Announcing that they are launching in the RoI might have helped a little too.

[Unspeaked]

The market doesn't care about the SDK. What they care about is Apple reiterating the projection of selling ten million iPhones by the end of the year. Some concerns about this had been raised over the last month. Also, AAPL has been hammered mercilessly by the markets for the past six weeks and was due for a rebound.


IJ Reilly is right: the move today was directly a result of the iPhone target being reiterated.

I posted about it last night here:

LINK (http://forums.macrumors.com/showthread.php?p=5055644)

Apple stock took off immediately after this announcement after hours and continued its gains into today's trading session.

[00hkelly]

Wonder how much lead GS had on that information :rolleyes: lol

[Unspeaked]

Wonder how much lead GS had on that information :rolleyes: lol

Enough so they could afford to pay their average employee bonus of $397,000 this year...

[LizKat]

<snip> A bunch of you are bailing out during this dip. Do you really think that's the right thing to do?? Am I missing something? :confused:

A bunch of them may have SAID they were bailing out. There's a difference between that and a confirmation slip in hand, and it's called reality distortion field.

[protozoa]

A bunch of them may have SAID they were bailing out. There's a difference between that and a confirmation slip in hand, and it's called reality distortion field.

I'm glad I got on board when I did (last week). I just wish I had purchased a bunch. Today would have been a good day to bail, and have some spending cash. Based on the price where I purchased, the price it closed today, and how much cash I have laying around, I could have made a grand in just under a week.

[phiberglass]

I'm dying! :(

[mike03]

I am keen to buy some shares in AAPL, maybe about £1500 but live in the UK. Anyone any idea what the best (cheapest) online broker into use? I am not going to want to have to do so many trades a month and don't want a monthly admin fee or inactivity fee. Just a one-off fee for this trade and the share certificate sent to me-is that possible?
Thanks

[00hkelly]

I am keen to buy some shares in AAPL, maybe about £1500 but live in the UK. Anyone any idea what the best (cheapest) online broker into use? I am not going to want to have to do so many trades a month and don't want a monthly admin fee or inactivity fee. Just a one-off fee for this trade and the share certificate sent to me-is that possible?
Thanks

Hi, i use http://www.iii.co.uk who have a £15 flat fee for all trades on US stocks. But not using online services to buy many stocks I'm not sure which website is best. It might be worth going into your bank and finding out what they charge if you just plan on buying them and holding them for a year or so.

Hope that helped, I'm sure a bit more googling would yield further results

[skunk]

I use iWeb, which is £10 per trade.

[Addy1975]

- I use SelfTrade to buy my APPL shares -

http://www.selftrade.co.uk/

[mike03]

Cheers Guys,
I'll look into the possibilities mentioned when I get the chance. I'm going to hold out for a bit longer and see which way the stock goes.