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Old Jan 23, 2013, 08:06 PM   #26
1Alec1
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Quote:
Originally Posted by grapes911 View Post
I almost sold at $700. All I had to do was click one final button but I changed my mind at the last second.
I did... very glad I did that. But I also bought after it crashed and before it crashed again :/
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Old Jan 23, 2013, 08:06 PM   #27
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I might buy some again at 350. Might even if it dips 400
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Old Jan 23, 2013, 08:06 PM   #28
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Quote:
Originally Posted by Bubba Satori View Post
Do you still believe in the company? Think long term.

If yes, this might be a great buying opportunity.

Warren Buffet didn't become a billionaire daytrading
I purchased the stock for about $100 a share. It has been long term.
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Old Jan 23, 2013, 08:06 PM   #29
gadget123
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The constant leaks is putting people off buying new generation phones/ipads meaning they are more likely to stick with what they have.

More so when Apple churn out two Ipads per year and they are already wanting Iphone 5S out before Iphone 5 has had a year.

Who wants to buy a 5 now if the 5S is around the corner (in less than a year, and in Apples unpredictable timescale right now..it could be anytime between next month and the summer).

Sloppy leaks and churning out new models out with the timeframe is why sales are flat.
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Old Jan 23, 2013, 08:07 PM   #30
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Quote:
Originally Posted by Rogifan View Post
I'm confused. Didn't the stock end the day up? The 10% drop was in after hours trading. How so we know it will end the day tomorrow down 10%? It could be more, but it could be less too. So can we really say they've lost $50B in market cap?
Of course after hours has less volume & is more volitile than the normal trading sessions so we'll see if the 10% slice sticks, but for now you can only get $467 real U.S. cash for a share of AAPL.
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Old Jan 23, 2013, 08:07 PM   #31
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Quote:
Originally Posted by grapes911 View Post
I purchased the stock for about $100 a share. It has been long term.


Don't worry, be happy.
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Old Jan 23, 2013, 08:07 PM   #32
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Quote:
Originally Posted by Bubba Satori View Post
Do you still believe in the company? Think long term.

If yes, this might be a great buying opportunity.

Warren Buffet didn't become a billionaire daytrading
If you're talking about opportunity, it's about day trading. The difference between $430 and $700 is huge and affects the profits even long-term. In general, it's ideal to short when you think it's going to dip and long when you think it's going to rise.
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Old Jan 23, 2013, 08:08 PM   #33
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Quote:
Originally Posted by 1Alec1 View Post
Nobody said anything about tomorrow's closing price. The thing I've always been confused about is why people can trade while the market is closed. The market might as well be open during after-hours, as I see it.
From the main story:
Quote:
Apple's 10% stock decline gives it a current market cap of $463.49 and a loss of nearly $50 billion in market capitalization from worried investors. Despite analysts and investors worries of year over year growth, the Wall Street Journal's Tom Gara notes that Apple's losses in market cap today roughly equal the value of two RIMs and two Nokias.
Apple didn't lose $50B in market cap on Wednesday. We don't know where it will end at close tomorrow. That's what I'm confused by.
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Old Jan 23, 2013, 08:08 PM   #34
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Quote:
Originally Posted by grapes911 View Post
I almost sold at $700. All I had to do was click one final button but I changed my mind at the last second.
Well, you haven't lost anything until you sell. But yeah, the $700 peak seemed pretty obvious at the time. It definitely wasn't going any higher - after all, what new product would have pushed it above? The iPad mini?
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Old Jan 23, 2013, 08:08 PM   #35
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Originally Posted by grapes911 View Post
I purchased the stock for about $100 a share. It has been long term.
asdjhfalsd
I was going to buy in 2008, but I simply couldn't. It wasn't my decision. I would have bought it around $90.
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Old Jan 23, 2013, 08:09 PM   #36
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Quote:
Originally Posted by Bubba Satori View Post


Don't worry, be happy.
I lost $2,370 in Apple stock in the last 4 months. Not worth being happy about.
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Old Jan 23, 2013, 08:10 PM   #37
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Originally Posted by Rogifan View Post
Apple didn't lose $50B in market cap on Wednesday. We don't know where it will end at close tomorrow. That's what I'm confused by.
Oh, I see what you mean. Yeah, this article is flawed.
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Old Jan 23, 2013, 08:10 PM   #38
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Originally Posted by parapup View Post
they will badly need disruptive new product or at least leaps and bounds improvements to existing ones. And there are no winds of that for past couple years and counting.
Past couple of years? iPhone (2007), MacBook Air (2010), iPad (2010)
Please define "couple" because as far I remember, these disruptive new products only came out a few years ago.

I guess attention spans have become so short nowadays that 2010 seems like an eternity ago.
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Old Jan 23, 2013, 08:11 PM   #39
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Quote:
Originally Posted by Bubba Satori View Post
As of now, yes, $50 billion.
Tomorrow it will be more or less, on paper.
I'm thinking we'll see a dead cat bounce as
bottom feeders pounce on a preceived buying opportunity.
Who calculates market cap based on after hours trading adjusted stock price?
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Old Jan 23, 2013, 08:11 PM   #40
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Now this is the proper test for Tim Cook. Will he give in to the analyst vultures or will he be going on the Apple way?
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Old Jan 23, 2013, 08:11 PM   #41
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Quote:
Originally Posted by Chupa Chupa View Post
By "concerns of flat growth" Wall Street means it has lack of faith Tim Cook can successfully launch the next big thing like Jobs could. Cook's tenure so far has been less than steller. In fact, it's almost HP-like.


I'm sure if your God jobs was still here apple would taking in a trillion in revenue
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Old Jan 23, 2013, 08:11 PM   #42
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Originally Posted by grapes911 View Post
I lost $2,370 in Apple stock in the last 4 months. Not worth being happy about.
I lost almost 10X that much just after the market closed. Today. If I can be happy, you can too.
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Old Jan 23, 2013, 08:11 PM   #43
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Originally Posted by TMar View Post
Who trades at 1 am?
A few billion people in Asia.
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Old Jan 23, 2013, 08:12 PM   #44
samcraig
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Quote:
Originally Posted by Bubba Satori View Post

Do you still believe in the company? Think long term.

If yes, this might be a great buying opportunity.

Warren Buffet didn't become a billionaire daytrading
Maybe he is thinking long term. In less than a year - Apple has lost huge points. It's not going to "skyrocket" overnight. It could very well take a long time to get back to 700. Thinking long term - he could have sold somewhere on the decline and re-bought right around now and taken the long ride back up again.

That's not day trading.

If he's in at $100 - buying now doesn't lower his total cost of ownership. But if he believes the stock will again rise - I agree - buying more "now" could be a great long term plan.
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Old Jan 23, 2013, 08:12 PM   #45
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I might buy some again at 350. Might even if it dips 400
$350 seems highly unlikely, but if that's your target buy point, I can see why you like it when Apple does stuff wrong.
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Old Jan 23, 2013, 08:13 PM   #46
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Originally Posted by swester View Post
Well, you haven't lost anything until you sell. But yeah, the $700 peak seemed pretty obvious at the time. It definitely wasn't going any higher - after all, what new product would have pushed it above? The iPad mini?
So nothing's on the horizon that's causing great excitement which mean stocks will either stay where they are or drop more..am I right?

I need to learn more about this stuff.
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Old Jan 23, 2013, 08:16 PM   #47
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Originally Posted by adnbek View Post
Past couple of years? iPhone (2007), MacBook Air (2010), iPad (2010)
Please define "couple" because as far I remember, these disruptive new products only came out a few years ago.

I guess attention spans have become so short nowadays that 2010 seems like an eternity ago.
"couple" = 2

----------

Quote:
Originally Posted by mdlooker View Post
So nothing's on the horizon that's causing great excitement which mean stocks will either stay where they are or drop more..am I right?

I need to learn more about this stuff.
You can't ever tell for sure unless you're an inside trader. In AAPL's case, if p''(t) is not greater than 0, there is a risk of analysts saying that Apple is doomed and causing selling. They're almost inside traders...

You can make money in the stock market without knowledge if you just pick the right companies based on instinct and hold them for a few years. I've actually pulled off day-trading with oil based on instinct somehow - it exploded like 40% in the weeks after I bought due to the Arab rebellions and dropped 15% the day after I sold. Not doing that again!
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Old Jan 23, 2013, 08:17 PM   #48
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Hmm. I wonder if its a good time to buy. I'll see tomorrow...
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Old Jan 23, 2013, 08:17 PM   #49
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Originally Posted by samcraig View Post
Maybe he is thinking long term. In less than a year - Apple has lost huge points. It's not going to "skyrocket" overnight. It could very well take a long time to get back to 700. Thinking long term - he could have sold somewhere on the decline and re-bought right around now and taken the long ride back up again.

That's not day trading.

If he's in at $100 - buying now doesn't lower his total cost of ownership. But if he believes the stock will again rise - I agree - buying more "now" could be a great long term plan.
well yes, buying low selling high is the dream

not a reality though
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Old Jan 23, 2013, 08:18 PM   #50
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this is good news for value investors. this over-pessimism gives us an opportunity to buy shares at a great price. a reasonable DCF valuation gives a fair value of about $630. 25% or more discount, I'm in. The financials are solid. Management seems very confident in their pipeline for this year. If the guidance Apple provides is reasonable, then I am interested in buying. I guess Apple products are still in favor, based on the numbers.
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