Anyone remember when they did chimps vs 1st graders vs analysts for stock pics?
Guess who came in last...
Guess who came in last...
Regardless of your fundamentally good reason, if you bought at a price closer to, say $600 a share, was it sensible when the intrinsic value of the company (accounting for future growth prospects) is not more than $500 per share? Is that more sensible than buying it at some point when it's under its intrinsic value? I'm pretty certain the second scenario has more cushion than the first far more often than not.
If we go the austerity route, the economy will contract and Apple will sell less stuff. But I would be curious to find out what percentage of Apple's sales go to folks making, for example, over $200,000 a year. So maybe Apple will still continue to sell, like luxury goods that continued to sell just fine right through the latest recession.
These people on Wallstreet have no idea what they are doing... They are so out of touch with Apple and the Tech industry. The ONLY reasons why Apple will not become a $1trillion company is because of a handfull of analysts that put out crappy "analysis" (opinions) that are based off of their 20 years of experience in betting everything they own on the Microsofts, the Intel's; etc.
Facebook is a good example of this. Wallstreet has no idea how powerful the social media combined with technology such as iphones (super-smart phones in general) have on how the future will be.
AC/DC just released their catalog to iTunes.
Yep. Agreed. It was somewhat overvalued, needed an adjustment. It'll rise again with Mini sales and Christmas.
You're lucky I got it at $74.
Definitely keep holding. That's too much of a loss at this point.
It is time to sell. Things will get ugly from here on out.
I've never met a day/swing trader who didn't wipe out his principal at some point.
Any number times zero is still zero. Compounding interest over the long term always beats trading. Impatience is the enemy.
I thought this bounce was from Fiscal Cliff news..
It looks like AMD is up too.
It is time to sell. Things will get ugly from here on out.
The stock is certainly very volatile....
The stock is certainly very volatile....
EVERY stock is volatile. Some admittedly, are more volatile than others. Check out the volatility of TSLA (Tesla Motors) since they IPO'd a couple of years ago.
Personally I don't think it's because of Analysts comments but a decent "correction" in the sell off of shares that occurred over the past couple of weeks.
There are analysts posting comments almost on a daily basis.
True dat. The stock market is [by nature] an unstable beast, driven by emotion, panic, quick and short sells, and future traders (which blows my MIND).
The History Channel recently aired a documentary discussing robots being placed on the Stock Exchange floor for e-trading, etc. for a whopping fee. Trades are happening so fast, the NYSE and Chicago Mercantile Exchange want a direct microwave radio link for instant communication (not kidding). They want to modify the landscape bet Chicago and NYC to facilitate the microwave communication as stocks are being traded in nanoseconds (faster than the speed of light).
Not making this **** up. Future trading, scares the **** out of me. Especially with commodities; farms are losing due to crop shortages, corporate based food suppliers are buying farmland to grow genetically engineered corn, etc. and will charge premium dollars. Forget the few bucks for corn at the corner market, triple that for corn from your friendly corporate engineers.
You said it best with what I highlighted in bold.
Very interesting thought about trading the futures of commodities and by robots of all things! And I agree, that is very scary. There is proposed legislation that would tax these high-volume transactions completed by these machines as a way to generate revenue for the government and regulate the industry. I'm for it but guess who would be against such things.....
I remember when I bought stock at $16 a share. Best decision I ever made. </DREAM>
Woot woot
I hate how I bought in before the heavily manipulated stock prices :/
Still holding on to $664.
In my opinion, many of these "analysts" should be investigated by the SEC. After Apple's earnings call, it was all doom-and-gloom. Now that it appears they've pushed the stock down as low as it will go, they're all "best stock EVAH!" again. They all dumped at $700, spread bad news, now they're reversing course. Bringing the stock back up should be a far easier task than crushing it for them, considering just how insanely great Apple's earnings continue to be.
I hate how I bought in before the heavily manipulated stock prices :/ Still holding on to $664.
I hate how I bought in before the heavily manipulated stock prices :/
Still holding on to $664.
I actually did buy Apple at $16 a share. Unfortunately I sold it all at $32 a share ( I doubled my money) ... Life goes on...In 2008 when the market crashed, I pushed through my fear, took my entire life savings and bought Apple at $80 a share. This time around when I doubled my money I was smart enough not to sell.
You need $700 next year to equal $664 this year, because capital gains goes from 15% this year to 20% next year.