Do you really think that a stock can be manipulated for months?
http://us.rd.yahoo.com/finance/exte...ple-cook-whisper-campaign/?source=yahoo_quote
Surprise, surprise right before earnings, hedge fund guy Doug Kass (a favorite of CNBC) tweets that he thinks Cook is "cooked". This is the same guy who, before Apple's shareholder meeting, tweeted that Apple would be announcing a stock split. When the stock jumped after his tweet he sold his shares for a profit and then tweeted that the split rumor was baseless.
I love the end of PED's column:
And people still claim Apple stock isn't being manipulated.
Where did the money go? It can't disappear just like that.
Doesn't have to be manipulated for months. And I never suggested that. But when you have a hedge fund guy tweeting rumors of a stock split only to take them back the same day (after he sold on the jump and made a nice profit) that's what I call manipulation.
Nice and simple. Nothing has to do with Apple fundamentals, which is going to have record revenue this quarter if you believe WS.
I bought 40 shares on Friday just for fun. See how it goes.
So they didn't believe Apple's best days were behind it when they ran the stock up to $700 and were throwing out $1000 price targets? It's not like it was that long ago. Last September the stock was trading close to $700. So in a span of roughly 6 months a company can go from $1000 price targets to their best days being behind them and the stock trading at less than $400. And it has absolutely nothing to do with manipulation?That can happen on a daily basis but in the long-term cannot be manipulated because the mass of buyers would eventually see the bargain that it is. The fact is that a MAJORITY of shareholders BELIEVE that Apple's best days are behind it and therefore selling the stock. That is the reason the price is down.
So they didn't believe Apple's best days were behind it when they ran the stock up to $700 and were throwing out $1000 price targets? It's not like it was that long ago. Last September the stock was trading close to $700. So in a span of roughly 6 months a company can go from $1000 price targets to their best days being behind them and the stock trading at less than $400. And it has absolutely nothing to do with manipulation?
Fact is AAPL started taking a downward spiral right after hedge fund manager Doug Kass wrote a piece making a bearish case for AAPL. Of course once he drove the stock down enough then he was a bull again and making the case for buying the stock. Yet none of his bullish points addresses the bearish points he made earlier. Sorry this is manipulation pure and simple. And yes I do think he person can start a fire that spreads rapidly. And with Apple it's not about reality it's about perception. The stock price reflects perception not reality.
http://tech.fortune.cnn.com/2012/11/09/apple-its-mojo-and-doug-kass/
Here is the information that confuses me about the stock price tanking:
I dunno, it still seems like a fantastic longer term investment to me. It seems like everyone has written Tim Cook off as a complete dud, and that they will never release a decent product ever again so the stock will slowly fall to the ground as interest in iPhone 5's die off completely.
- They are very solid in the markets they are in.
- PC Sales are declining - meaning people are moving to tablets rather than PCs. Apple is strong here.
- Sales are still going up.
- There are a multitude of new product possibilities to create new growth segments. TV, gaming, cloud, etc.
- iTMS is turning into quite the profit center.
- The current cash-adjusted PE is at a level not seen since 2000.
- Customer satisfaction is still the tops in the industry.
- Something, anything, positive - even announcing a stock buyback - seems like it should cause the price to rise right now.
- Mac sales are still slowly growing.
- The worst changes to the OS over the last few years have been the stupid skeuomorphism ones, which should stop.
It doesn't make any sense to me. We'll see what the next few months holds, I guess. I'm not selling, I've been scraping together pennies and bought as many shares as I can afford without taking on more risk than I'm willing to tolerate.
Stock went from $700 to $390 in SEVEN MONTHS. Whoever's in charge is responsible. Be it the way public relation is handled, product release cycles, ANYTHING. They did it wrong.
Forbes report Cook is on it's way out:
http://www.forbes.com/sites/genemarcial/2013/04/21/is-apple-looking-for-a-replacement-for-ceo-cook/
Estimates are actually around 15% lower than 2012 Q2 earnings, so if they actually do better than last year, then that's a big win, even if gross margins are lower than expected. I agree the iPad is still strong, and the iPhone is strong as well. The market share hasn't changed much since last year. It just took longer for investors to realize there's solid competition. We'll see. I hope my overweight position pays off.
AAPL was doing OK today. Will hold a little longer.
Today is today. But what about a few hours from now? What about 2 months? 1 year? Apple was suppose to be trading at $1000 per share end of last year.
I still remember how powerful the Sony name was back in the 80's and 90's. Looks like history will repeat itself. I remember making fun of Samsung earlier Android devices. Now I own a Note 2 and love it.
Stock went from $700 to $390 in SEVEN MONTHS. Whoever's in charge is responsible. Be it the way public relation is handled, product release cycles, ANYTHING. They did it wrong.
Forbes report Cook is on it's way out:
http://www.forbes.com/sites/genemarcial/2013/04/21/is-apple-looking-for-a-replacement-for-ceo-cook/
Today is today. But what about a few hours from now? What about 2 months? 1 year? Apple was suppose to be trading at $1000 per share end of last year.
I still remember how powerful the Sony name was back in the 80's and 90's. Looks like history will repeat itself. I remember making fun of Samsung earlier Android devices. Now I own a Note 2 and love it.
Apple needs something extraordinary to happen in the iPhone department.
Well, $300 billion in shareholder value has been destroyed in less than a year.
Can you blame them?
I bought 40 shares on Friday just for fun. See how it goes.