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View Full Version : A New Kind of "May" Day for Apple


MacBytes
Nov 3, 2008, 10:28 PM
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Category: Opinion/Interviews
Link: A New Kind of "May" Day for Apple (http://www.macbytes.com/link.php?sid=20081103232801)
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Posted on MacBytes.com (http://www.macbytes.com)
Approved by Mudbug

11800506
Nov 3, 2008, 10:42 PM
Great article.

This type of thing is what is insane with our stock market and something that happens quite often with Apple. Some random analyst claims to have heard from a "reliable" source that production of product x is going to be cut by massive numbers or that sales are going to be way lower than expectations based upon the fact that the general economy is in a downturn. This then sense the stock price down for really no reason as these claims really are baseless. It's ridiculous. These same analysts then make predictions on what Apple is going to release next all based upon rumors that have been floating around for awhile. These analysts really don't know what they're talking about, which is quite annoying as they have a large amount of leverage on the market.

ntg
Nov 4, 2008, 08:13 AM
Great article.

This type of thing is what is insane with our stock market and something that happens quite often with Apple. Some random analyst claims to have heard from a "reliable" source that production of product x is going to be cut by massive numbers or that sales are going to be way lower than expectations based upon the fact that the general economy is in a downturn.

It's guesswork based on the old "neighbour's best-friend's daughter's dog's groomer's wife's cat's" 'expert' opinion!

Why do the brokers/investors never learn?:confused:

nig.