Apple stock tanking :-0

[Apple Corps]

Any ideas as to what may be behind Apple's tanking stock price? Several analysts have been positive on Apple recently but the stock has been in decline from the $85 or so high in January DOWN to $63 today:eek:

Apple has been under performing most of the indicators over the past 10 weeks.

One of my thoughts is that the last "special event" was SO LAME that investors became concerned about a boom box not being indicative of a strategy that would generate continued confidence on $86 per share.

Thoughts??????

[CanadaRAM]

Time to buy?

[Timepass]

well as people have been saying for a while apple stock was massivly over valued compared to others.

Also apple shipping problems amoung others are finally coming back to haunt them. Besides apple not turnning heads like they used to with new stuff. The hype of apple is starting to ware off.

The stock should be levalling off soon and become stable. Still a good value but a lot lower.

It a lot like yahoo stock was a long time ago. It kept going up and up to some where in the 300+ per share. Then it took a noise dive down to 150 a share where it levaled off for a while. (I dont know where it is not nor do I really care.)

[Blackheart]

Time to buy?

Exactly!

Apple's fundamentals are great and they have a very nice pipeline of products. This is the best time to buy because the stock has been so beat up.

To Timepass:
Consumers are buying up the product faster than it can be made. Since when did people start thinking that this is a bad thing?

Oh, and I love how everyone relates EVERY stock that goes up, to YHOO. As if, simply because a stock grows, that it MUST be in a bubble about to burst

[Timepass]

Exactly!

Apple's fundamentals are great and they have a very nice pipeline of products. This is the best time to buy because the stock has been so beat up.

To Timepass:
Consumers are buying up the product faster than it can be made. Since when did people start thinking that this is a bad thing?

Oh, and I love how everyone relates EVERY stock that goes up, to YHOO. As if, simply because a stock grows, that it MUST be in a bubble about to burst

sure. I believe that load of bull that they are having those problems. You know a few times is ok but apple has time and time again drop the ball on their shipping of products when announced. 1 2 times I believe it but when it gets consensted and quite a bit I going to blame apple for it and I think the market it self is starting to reflect that apple is now gettting the blame for it.

Either apple needs to get a handle on it. or better prepare for this releases either by dealing them more so they can get the invitory built up or just up the ammount they produce a day. either one would work.

[Abstract]

Apple's stock isn't going down because of a bit of delivery trouble....

[Apple Corps]

Abstract - what are your thoughts on why the plunge? We are dealing with a 25% drop over 10 weeks with generally good news about demand, early intel / MBP shipping, iTunes@ 1 billion, etc.

It is a "buying opportunity" but not until I better understand (if any of us really ever knows) why such a large drop. The April event really needs to be something much bigger / more important or I fear that Apple stock will take another hit.

Steve has tremendous business and industry "capital" - don't waste it on "boom box" announcements and lame events.

[Timepass]

Apple's stock isn't going down because of a bit of delivery trouble....


true that it not the main reason. It just adds fuel the the fire.

The main reason was it was a bubble that was going to bust at some point. Just it was not going to be to huge.

that being said I go on one of my orgainal reason in my first post that the biggest reason is apple has not been turning heads like the used to with every release. the biggest thing is they switch to intel, the M$ annoument that Vista will not support EFI hurts apple a little. The switch to intel is going to hurt a little and the fact that they are just not doing anything that is oooing and ahhing like when everything was first release like g4 ipods, shuffles and when the new imac designs came out.

[~Shard~]

Apple was too high when it was at $85. I shorted it down to $68, made some very decent coin on the trade in a few weeks, and got out. Not sure if I'll take a long position this go around or not, I think I'll still give it a couple weeks... :cool:

[kwajaln]

We all love Apple, but not necessarily AAPL! I have bought and sold AAPL many times and the one thing that my stock broker of more than 20 years has ALWAYS told me is to NOT fall in love with a stock for sentimental reasons, such as loving OSX!! AAPL HAS been very overvalued (P/E!) for a while now, which is why I haven't owned it recently. Simply put, there are thousands of stocks out there, and you (we) are foolish to put our money into anything but that which has the BEST potential. I LOVE Apple computers, Steve Jobs, Final Cut, DVD Studio Pro, OSX, you name it, but that doesn't mean that I am going to autmatically jump and buy AAPL! Simply put, there are better stocks out there if you want to make money rather than own shares in your (our) favorite company.

[Apple Corps]

Timepass - what you are pointing out has to be at play to some extent - there have not been any real WOW introductions. The new MBPs are a plus but it puts Apple at parity with the PC world as far as processors go.

[jhu]

Abstract - what are your thoughts on why the plunge? We are dealing with a 25% drop over 10 weeks with generally good news about demand, early intel / MBP shipping, iTunes@ 1 billion, etc.

It is a "buying opportunity" but not until I better understand (if any of us really ever knows) why such a large drop. The April event really needs to be something much bigger / more important or I fear that Apple stock will take another hit.

Steve has tremendous business and industry "capital" - don't waste it on "boom box" announcements and lame events.

basically analyst expectaions exceeding actual performance mixed with the fact that the stock was over valued. google's in the same boat.

[Agathon]

People expected more from Macworld, and didn't get it.

Selling Apple's stock now is daft. The company is on the verge of becoming the dominant online media distribution channel for both music and video (if rumours are to be believed).

Apple is in the best shape it has ever been.

[IJ Reilly]

The stock was overvalued... I have to laugh at this kind of 20/20 hindsight every time I hear it, which is often. Does anyone here really know how to value stocks before the market does? Probably not. But anybody can easily say it was (1) overvalued after it goes down, or (2) undervalued after it goes up.

AAPL was a classic momentum play for about a year. People bought it because it was going up. Now they are selling it because it's going down. Neither move has much if anything to do with the underlying value of the company or its future prospects. For that information, look at the company's balance sheets and the analyst's forecasts for future profits and target stock price. All of them are pretty much unchanged now from when the stock was selling for $86 a share.

Nothing has really changed but the market's psychology -- and you'd need to be a hell of a shrink to understand that!

[Apple Corps]

Reilly - sadly - you have probably hit it on the head - probably more "emotion" in these market dynamics than real analysis. The Intel transition is old news now - the release of Intel based Powermacs - even Quads - will not excite the market that much. The new OS will be a positive - but the spotlight may not be as bright due to the Vista launch.

Steve will have to increase the power of the "reality distortion field" big time if we are going to see some $$$$$$ growth:D

[iGary]

I'm buying more this week now that Uncle Sam finally has his hands out of my wallet. :rolleyes:

[IJ Reilly]

If Apple announces an online movie sales scheme, then I think the stock gets a bump up, if only temporarily. In the meantime, investors are skittish -- and not just about AAPL, but about the markets in general. The pros are talking about the prospects for stocks not being very good beyond the middle of this year.

[Timepass]

The stock was overvalued... I have to laugh at this kind of 20/20 hindsight every time I hear it, which is often. Does anyone here really know how to value stocks before the market does? Probably not. But anybody can easily say it was (1) overvalued after it goes down, or (2) undervalued after it goes up.



no you got it wrong there. it over valued when it makes a huge jump in value *aka more 10% in change in a short time span. Which apple stock drop by well more than 10%

[Maxwell Smart]

I bought like 4 shares right before the annoucement when they tanked...whoops ;)

[friedymeister69]

I predict that apple has turned around for a few reasons:
-Apple is highly overvalued
-Unlike the usual surprises at their presentations, there was nothing expected and thus dissappointed most people when they revealed an ugly boombox and same design macmini
-the uncertainty that apple will be able to continue coming out with new products so frequently and that other companies like Microsoft won't steal marketshare
-many other reasons, just can't think of them now.

[IJ Reilly]

no you got it wrong there. it over valued when it makes a huge jump in value *aka more 10% in change in a short time span. Which apple stock drop by well more than 10%

I got it wrong? You just made this up out of thin air. There's no rule of thumb like this in investing, or anything remotely like it. AAPL's forward PE remained fairly constant throughout the run-up in market value, which means the price was closely tracking the (huge) increase in the company's profitability.

[rdowns]

I've been long Apple for quite some time. My cost basis is $11 per share (Split adjusted). While I have sold several hundred shares in the high 70s, I started adding to my position last week.

[Timepass]

I got it wrong? You just made this up out of thin air. There's no rule of thumb like this in investing, or anything remotely like it. AAPL's forward PE remained fairly constant throughout the run-up in market value, which means the price was closely tracking the (huge) increase in the company's profitability.


yeah I choose a number out of thin air but lets face the fact apple stock drop really fast in value. It clearly over valued. If you stop looking at the stock from apple and just some random company then it easy to understand why it was over valued. Until you can do that personal bias makes you judgement rather worthless

[IJ Reilly]

yeah I choose a number out of thin air but lets face the fact apple stock drop really fast in value. It clearly over valued. If you stop looking at the stock from apple and just some random company then it easy to understand why it was over valued. Until you can do that personal bias makes you judgement rather worthless

Yes, you certainly know a worthless opinion when you see one. :rolleyes:

I've been investing for a long time. I've seen many stocks move up and down more than 10% in very short time-spans, sometimes for obvious reason, but often as not, for no obvious reason.

As I said before, hindsight is always 20/20. There's no particular wisdom to be found in reporting the past as though it's current events. The markets assign value to stocks every day. This is their function. No other assessment of value really matters.

[Apple Corps]

Well, some recovery today in part banking on the "announcement" two weeks out. I think I'll pick up another several hundred shares or so @ $65.50 - $66.00.

I am counting on expansion into the movie download arena - Apple does have as complete a package as anyone - and more than most: OS / Applications / Hardware / Growing Content / Integration.

Stay tuned:rolleyes:

[Jay42]

Heh, I was gonna buy before the last announcement from Cuppertino :o . Glad I got lazy.

[Apple Corps]

jay42 - In the past I've been saved from mistakes by circumstances as well:)

[virus1]

i would buy now and hold onto it. we all know that some day, macs will overtake pcs. it will take a while, but we all know it will happen. (and if you don't, learn it.)

on the short term, that april event WILL bring stock-rocketing goodies.

[maestro55]

Buy low, sell high. I am willing to bet that if people buy now, they will be happy when April 1st comes around and the stock is back up again due to the announcement of some new products (MacBook, MacPro, iPhone, iGame?)

[Dont Hurt Me]

Using Integrated graphics in any product is enough to tank a stock in my view.

[cycocelica]

I knew I should have sold at $85. Oh well thats the stock market game. If it ever gets that high again you can bet on me selling it.

[asherman13]

I knew I should have sold at $85. Oh well thats the stock market game. If it ever gets that high again you can bet on me selling it.

Yeah. My AAPL sale will be paying for my MacBook Pro, or at least most of it. Today and yesterday's bumps were pretty nice, if I do say so myself. I'm pondering selling it around $70 per share, maybe a little more.

[maestro55]

Yeah. My AAPL sale will be paying for my MacBook Pro, or at least most of it. Today and yesterday's bumps were pretty nice, if I do say so myself. I'm pondering selling it around $70 per share, maybe a little more.

How many shares did you buy? How often do you trade AAPL? Do you trade any other stocks?

[Apple Corps]

Well I took the extra plunge today - the latest price target "guesses" are in the $95 - $105 range. My guess is that a price of $100 per share could be achieved IF the next event is really GAME CHANGING.

As has been mentioned by many - I may love the brand / company but will only date and party with the stock;)

Might I be tempted to sell at $85 - yes. but GREED will probably prevail when the next big run-up starts.;)

[asherman13]

How many shares did you buy? How often do you trade AAPL? Do you trade any other stocks?

I bought 10 shares last year before the split; I'm at 20 now. I don't trade AAPL often, nor do I frequently trade any other stocks; I just enjoy watching my amount of money increase. :D I have a few other stocks, but not much else. AAPL, in my opinion, is fairly solid and will keep going up in the long run. Once I sell this much and use it, I might by some more if it goes down for a while.

[WildCowboy]

Well I took the extra plunge today - the latest price target "guesses" are in the $95 - $105 range.

The targets were at $105 back when the stock was at $85, too. Here's hoping it goes back up, but I'm still on the sidelines for now.

[~Shard~]

I knew I should have sold at $85.

I did. I then bought it at $68 to complete the trade and made a nice sum of cash thanks to AAPL's woes. :p :cool:

[cycocelica]

I did. I then bought it at $68 to complete the trade and made a nice sum of cash thanks to AAPL's woes. :p :cool:

damn you :D

[~Shard~]

damn you :D

Yes, I'm a bastard, I know. Thank you. ;) :cool:

[jhu]

I did. I then bought it at $68 to complete the trade and made a nice sum of cash thanks to AAPL's woes. :p :cool:

so you shorted?

[Clydefrog]

its too late to buy apple, if you want to buy it, you should have last year when it was in the 20-30

[asherman13]

so you shorted?

It would seem like they sold all their stock, then bought back the equivalent of what it had originally cost, so they basically reaped the profits while "keeping" the same initial amount of shares.

[WildCowboy]

It would seem like they sold all their stock, then bought back the equivalent of what it had originally cost, so they basically reaped the profits while "keeping" the same initial amount of shares.

No, he shorted the stock.

[Kwyjibo]

You guys tend to associate the wrong things with the stock price. The market doesn't really care when or how you announce products, they care what you announce (intel mac mini was a big enough deal) and the sales of that item. The market wasn't reacting to a dissapointing event, it was as everyone said overvalued. Is the market expecting a big april event? NO. Don't over think the events, with the MWSF as an exception, the stock always goes down no matter what they announce even if they're making a great move in the right direction. They care more about itunes than osx and macs in general. You have to understand the market a little bit more if you want to be invested in any stock. I don't own apple stock and I don't plan to, its also not I would react to minor changes < $1.50 in this case because they won't really amount to much so don't overreact.

[~Shard~]

It would seem like they sold all their stock, then bought back the equivalent of what it had originally cost, so they basically reaped the profits while "keeping" the same initial amount of shares.

No, actually Wild Cowboy is correct, I shorted the stock. I have a margin account, I might as well use it after all... :cool:

[Apple Corps]

From MacMinute ths morning:

New Ratings: 'Apple Computer overweight'
March 17 - 09:47 EST A report on New Ratings today reports that analysts at Morgan Stanley published a research note today maintaining an "overweight" rating on Apple with a price target of US $90. "The analysts mention that the current weakness in Apple Computer's share price, on account of data related to the company's component supply chain and point-of-sale, is overblown," notes the report. It does mention, however, that "the February NPD point-of-sale data does not reflect initial robust shipments of Apple Computer's MacBook Pro and/or sell through of the new Mac Mini."

kwyjibo - the catalyst for my starting this thread was a $21 (25%) decline in Apple stock price over the past 10 weeks - $1.50 +/- would be a small fluctuation I agree. We are already underwater on our new purchases.

An announcement regarding feature film / studio contracts / downloads and a new, true vPod is what I am counting on this go round. We are all in the same guessing boat @ $64 / share - buying opportunity or ..........?

[Flyinace2000]

I just bought 4 shares at $64. Buying them because i think apple will become a major media player in the future with video delivery services.

[~Shard~]

I just bought 4 shares at $64. Buying them because i think apple will become a major media player in the future with video delivery services.

4 shares?!? So you realize that even if the stock goes up 50% to $96 (which would be amazing) you'll only make ~$100 after commissions?

I understand if that's all you can afford, fine, but really, that isn't very practical when it comes to trying to profit from the stock market. I'll buy in lots of 100 when I buy stocks in AAPL's price range, so that if the stock even moves juts a few dollars I can realize some decent profits, just like I did with my short sell a while back - I made $17/share in a few weeks when it dropped from $85-$68. :cool: Currently I'm thinking of popping back in pending the April 1st news, and if I do, it will most likely be for a couple hundred shares...

Don't take the above as an insult, just take it as an experienced investor explaining the pacticality of buying such a small number of shares in a company. ;) :cool:

[WildCowboy]

Yeah, if you can't put at least close to $1000 into a stock, the commissions will suck your profit dry unless the stock goes through the roof.

[~Shard~]

Yeah, if you can't put at least close to $1000 into a stock, the commissions will suck your profit dry unless the stock goes through the roof.

Absolutely. If you only have a few hundred dollars to invest, I would recommend that the stock market is not the place for you to be putting your money. :cool:

[Flyinace2000]

I am 21 and the sale was part of my prior year contribution for my Roth IRA. The contribution of 1000 will be split between these 4 shares and the other 750'ish will go into some other mutual fund. Its not much but its what I had to use. Sure maybe 4 shares is not much, but its a start.

[MacEffects]

You know from the title I though it was back to about $13 per share, and it was time to buy again, oh-well. Its not tanking yet:p ;)

And only talking about it being tanking makes it worse :eek: :cool:

[~Shard~]

The France issue coupled with no media event on the 1st has hit the stock as well. It's getting close to being a buy in my books, but not quite yet...

[IJ Reilly]

The France issue coupled with no media event on the 1st has hit the stock as well. It's getting close to being a buy in my books, but not quite yet...

I don't think the markets pay any attention to whether Apple does or does not hold media events, especially when they're no more than a vague rumor to begin with. Media events don't sell products. And the French business? That's small change, at most.

You can drive yourself crazy looking for good reasons why stocks move up or down. Most of the time, the reasons aren't in plain sight anyway.

[~Shard~]

I don't think the markets pay any attention to whether Apple does or does not hold media events, especially when they're no more than a vague rumor to begin with. Media events don't sell products. And the French business? That's small change, at most.

You can drive yourself crazy looking for good reasons why stocks move up or down. Most of the time, the reasons aren't in plain sight anyway.

Quite true. The lack of a media event probably has a negligible impact, although since UBS initially reported it, some investors my put some weight in that report, since, well, it's from UBS. ;) The whole France thing shouldn't impact the stock, but it will because it's "bad news". As you say, you can drive yourself crazy wondering why stocks go up and down. Take the price of oil right now - it's stil inflated. And then last month when those Shell employees were kidnapped, the price went up! :confused: Yes, because 9 Shell employees got kidnapped, the price of oil therefore must rise $2/barrel. :rolleyes: :D

[IJ Reilly]

Quite true. The lack of a media event probably has a negligible impact, although since UBS initially reported it, some investors my put some weight in that report, since, well, it's from UBS. ;) The whole France thing shouldn't impact the stock, but it will because it's "bad news". As you say, you can drive yourself crazy wondering why stocks go up and down. Take the price of oil right now - it's stil inflated. And then last month when those Shell employees were kidnapped, the price went up! :confused: Yes, because 9 Shell employees got kidnapped, the price of oil therefore must rise $2/barrel. :rolleyes: :D

A mouse can frighten an elephant, if the elephant is already nervous.

[Counterfit]

its too late to buy apple, if you want to buy it, you should have last year when it was in the 20-30
I don't think it was ever that low last year. The time to buy (well, recently) would have been just before the G5 was introduced at WWDC '03 at about $13-ish. There's been a split since then too.
A mouse can frighten an elephant, if the elephant is already nervous.
That's why I keep some elephant tranqs on me at all times. :D

[MacEffects]

Its all of this talk of the bad stuff, that makes it go down, lets be all positive and make the stock I bought for about $13 a share go way up again ;) :p :D

[Chimera]

Hi guys, what do you think the odds off AAPL falling to $50? (that would be the sweet spot for me) I could probably invest upto $2000. One more thing, do you use an online trader? Any recommendations?

[~Shard~]

Hi guys, what do you think the odds off AAPL falling to $50? (that would be the sweet spot for me) I could probably invest upto $2000. One more thing, do you use an online trader? Any recommendations?

Why is $50 a sweet spot for you? Are you talking from a technical perspective or fundamental perspective?

[Chimera]

Why is $50 a sweet spot for you? Are you talking from a technical perspective or fundamental perspective?

A combination - the amount of shares being worthwhile if bought, as well as believing the price couldn't go much lower.

I guess my real question now is how low do you think it'll go?

PS. Also any advice on traders?

[fartness]

Hi guys, what do you think the odds off AAPL falling to $50? (that would be the sweet spot for me) I could probably invest upto $2000. One more thing, do you use an online trader? Any recommendations?

I think the odds are pretty good that it will drop to 50. It is way overpriced as it is.

[WildCowboy]

Down to $60...hmmm. Time to seriously think about getting back in. ~Shard~, what are your thoughts? I know expectations have been lowered for this quarter, but I'm trying to decide for myself how the market will react to the next earnings numbers. Do I get back in now or wait to see if it takes another hit when the numbers come in in a month...decisions, decisions.

[IJ Reilly]

I think the odds are pretty good that it will drop to 50. It is way overpriced as it is.

On what basis?

[fartness]

On what basis?


Shares up 900% in the past 3 years. Too much in too short of time. It will drop. Mark my words.

Remember when Steve stroked himself (literally and figuratively) over the fact that Apple surpassed Dell in market value (by a few hundred million dollars, lastling no more than 24 hours)? Look at where Apple stands today.

http://quotes.nasdaq.com/Quote.dll?symbol=AAPL&symbol=dell&mode=stock&multi.x=26&multi.y=4


Just a mere 20 BILLION dollars shy of Dells market value. What was it that steve said? "watch out Dell, we are coming after you"?

It like a little kid who think he beat holyfield by landing one punch.

[IJ Reilly]

Shares up 900% in the past 3 years. Too much in too short of time. It will drop. Mark my words.

Remember when Steve stroked himself (literally and figuratively) over the fact that Apple surpassed Dell in market value (by a few hundred million dollars, lastling no more than 24 hours)? Look at where Apple stands today.

http://quotes.nasdaq.com/Quote.dll?symbol=AAPL&symbol=dell&mode=stock&multi.x=26&multi.y=4


Just a mere 20 BILLION dollars shy of Dells market value. What was it that steve said? "watch out Dell, we are coming after you"?

It like a little kid who think he beat holyfield by landing one punch.

Huh? It has already dropped, by around 30%, in under two months. You don't need to tell me, about it -- I'm a stockholder. I was just wondering on what technical basis you call it overvalued at the current price.

[WildCowboy]

Shares up 900% in the past 3 years.

And net income up on the order of 2000%...

[Apple Corps]

Well - I started this thread - purchased several hundred shares - and am under water on our new Apple stock once again:eek:

All of the hype (reality distortion field?) surrounding how well Apple is positioned for the digital hub / media future, and just a couple of days ago how Apple will grow due to the delays with MS Vista - yada yada yada:rolleyes:

It will go back up - wish I had waited another couple of bucks per share - but I didn't.

Investing and gambling are starting to feel more and more the same:o

[jhu]

Investing and gambling are starting to feel more and more the same:o

well, yes and no. the stock price of tech companies tend to be more volatile. had you put your money in a bank stock you won't see as much volatility, and you'll get a healthy dividend each quarter.

[Kwyjibo]

Investing and gambling are starting to feel more and more the same:o


I don't know the composition of your portfolio, but I wouldn't say you're investing if you only own apple stock, no matter how many shares. You're simply speculating or trading at best. The best way to look at a stock is to try and figure out what its future is, not what its past was, so stop looking at what you paid and take a cold hard look at whether or not the stock has growth left in the near future.

Personally I do not own apple but my perspective was that iPods (iPods + itunes have been the core of the stock gains now) had hit a saturation point around the time of MWSF and people smiled and told me that countless others had constatnly predicted this and it had yet to happen ... I'm not saying this caused the decline but I think you really have to ask yourself where the company is going and how it exactly plans to realistically grow? Once you can answer those questions I really think you'll stop worrying about day to day fluctations.

[Apple Corps]

Some solid bank stock performance and a well diversified portfolio - my comments were just musing on how fickle investing (gambling) can be - especially in the short run :rolleyes:

[Kwyjibo]

investing (gambling)

maybe because you continue to imply that these are synonyms. my point was that its not really gambling if you have some diversification becuase you're removing some of the inherent risk in buying stocks. And again I would define investing differently for different people, for me my investments have a 30 year horizon, so I could care less what they're doing today for the most part. And my fun little side project of trading stocks with some extra money ... thats trading and I could stand to lose it all if I had to but of course I actively try and prevent this. I have money in the stock market that I don't consider gambled, I must've performed a miracle!

[Apple Corps]

Investing, trading or gambling - whatever.

Going back to the genesis of this thread - why is Apple stock tanking??? We are now down to $59.96 a share - quite a large correction since January highs of $86. That is a 30% dive in a little over 10 weeks without any clear "bad news". I thought the intel transition, media positioning, operating income and general momentum all pointed towards much better price support for the stock than we are seeing.

[IJ Reilly]

Investing, trading or gambling - whatever.

Going back to the genesis of this thread - why is Apple stock tanking??? We are now down to $59.96 a share - quite a large correction since January highs of $86. That is a 30% dive in a little over 10 weeks without any clear "bad news". I thought the intel transition, media positioning, operating income and general momentum all pointed towards much better price support for the stock than we are seeing.

Corrections are normal, but I do wonder when this one will end. My sense is the stock is heavily oversold, given, as you say, a lack of actual bad news. The analysts are still positive on the outlook, and forecasting one-year prices at or near $100.

Apple has always been a company poorly understood by investors. When iPod sales were increasing at a rate of 800% year over year, the rising profits were hard to ignore, even by people who otherwise had no clue about how Apple has managed to make money all these years. But now I take it that the big institutions at least are betting that Apple's success in consumer products was all just a flash in the pan, a one-time event.

Apple is one of those companies that has to knock the ball out of the park every time they come to bat, or they will be judged to have failed. It hardly seems fair (especially when you consider how Microsoft has performed on their delivery of new products lately -- I mean, forever!), but nobody ever said the markets are fair.

[Apple Corps]

Steve exercised options / sold:

4.57 MILLION shares of Apple stock a week or so ago at around $66 - hmmmmm :eek:

[IJ Reilly]

Steve exercised options / sold:

4.57 MILLION shares of Apple stock a week or so ago at around $66 - hmmmmm :eek:

This news is being discussed in at least two other threads. He sold to cover a tax bill which came due when the options vested.

[ChrisA]

Any ideas as to what may be behind Apple's tanking stock price? ... the stock has been in decline from the $85 or so high in January DOWN to $63 today:eek:

It's really, really simple. No one in their right mind is buying Apple computers right now. The Intel models can't run anything except iLife and the G4/G5 are a dead end. All of their potential customers are in a holding pattern waiting for the Intel transition to finish I'm one of those who is waiting for Adobe to finish up their universal binaries and for a Rev B iMac with the speedier CPU that I'm sure will happen in late 2006 or early 2007

As for iPods they are expensive they may have already sold an iPod to everyone with an extra $300 or $400 in their pocket. A large majority can't aford the current price.

The people buying stock may have just figured all this out.

[Apple Corps]

IJ - thanks - I found those after I posted:rolleyes:

[Timepass]

Investing, trading or gambling - whatever.

Going back to the genesis of this thread - why is Apple stock tanking??? We are now down to $59.96 a share - quite a large correction since January highs of $86. That is a 30% dive in a little over 10 weeks without any clear "bad news". I thought the intel transition, media positioning, operating income and general momentum all pointed towards much better price support for the stock than we are seeing.


my guess is apple has lost the never ending media spot light. The mass media just does not really care very much about them any more and so that massive media hype is going away causing the stock price to fall from there massivilly over valued to down to about what they should be. It should level off pretty soon and it around where it should be valued at.

[IJ Reilly]

It's really, really simple. No one in their right mind is buying Apple computers right now.

Then we've got a lot of mental illness around here.













:rolleyes:

[jhu]

Then we've got a lot of mental illness around here.


well, three out of four people aren't crazy. look around you. if 3 of your friends aren't, then you're it!

[Apple Corps]

The roller coaster ride continues: $59 > $71.80 = 20%+ gain.

$90 price targets are still floating around in the latest analyst comments, haven't seen many of the $105 target price comments lately:rolleyes:

So - dust off the ouji boards - where are we going over the next 90 days or so?

[~Shard~]

The roller coaster ride continues: $59 > $71.80 = 20%+ gain.

$90 price targets are still floating around in the latest analyst comments, haven't seen many of the $105 target price comments lately:rolleyes:

So - dust off the ouji boards - where are we going over the next 90 days or so?


Profit takers will induce a sell off. :cool:

[IJ Reilly]

Profit takers will induce a sell off. :cool:

Next thing you're going to tell us, the sun rises in the east. :)

[~Shard~]

Next thing you're going to tell us, the sun rises in the east. :)

Hey, you of all people should know that past performance is no indication of future events... :p ;)

[IJ Reilly]

Hey, you of all people should know that past performance is no indication of future events... :p ;)

And a stitch in time saves nine.