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Old Dec 5, 2013, 09:19 AM   #1
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Apple's Stock Hits New 52-Week High as Roller Coaster 2013 Nears Its End




With just a few weeks left in 2013, Apple's stock has finally rebounded to set a new 52-week high of $575.14 earlier today, although it has since pulled back by a few dollars. Apple's stock price peaked at just over $700 back in September 2012 before beginning a slide that took the price to under $400 by mid-April of this year.

Apple's march back to yearly highs began in late June and has been a fairly steady climb since that time, although the last two weeks have been particularly good for the company's stock with a roughly 10% increase over that time as investors have been buoyed by new product releases and optimism surrounding Apple's Black Friday weekend sales.

The company's stock price has undoubtedly also been boosted by a stock buyback program that has seen Apple take roughly 5% of its shares off of the market since late 2012. Some argue that Apple should be doing even more to repurchase its stock, believing it to remain undervalued and thus a cheap investment for the company. Just yesterday, activist investor Carl Icahn, who holds roughly $2.5 billion in Apple stock, announced that he has filed paperwork requesting that shareholders be included in an advisory vote encouraging the company to increase its buyback plan by an additional $50 billion.

Article Link: Apple's Stock Hits New 52-Week High as Roller Coaster 2013 Nears Its End
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Old Dec 5, 2013, 09:20 AM   #2
HenryDJP
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Well sorry if it hurts you Lilo and the other Apple haters, but Apple is not dying like you seriously hope they do.
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Old Dec 5, 2013, 09:21 AM   #3
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I guess I was wrong.. I sold mine and still made a pretty good profit a while back. Technology is such a roller coaster ride of emotions when following their stocks
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Old Dec 5, 2013, 09:21 AM   #4
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Great news!! i'm sure Tim can't have straight face when he sees this.
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Old Dec 5, 2013, 09:21 AM   #5
Reason077
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What on earth are they thinking? Everyone knows Apple is doomed! Except these deluded investors, apparently.
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Old Dec 5, 2013, 09:28 AM   #6
musika
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Too bad it's gonna go right back down. People need to cool it about Apple, they're doing more work than they've ever done. Let's stop idealizing the past ten years, and let's give the current people at the company a chance to make their mark.
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Old Dec 5, 2013, 09:34 AM   #7
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Steve would've never allowed this to happen.
Apple is doomed.
Tim is destroying the company.

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Old Dec 5, 2013, 09:35 AM   #8
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Wow, apple is back on it its way up. They will go over 600 soon I am sure!
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Old Dec 5, 2013, 09:40 AM   #9
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TIME TO BUY!

*Seconded by Mr. iCahn

lol
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Old Dec 5, 2013, 09:42 AM   #10
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Quote:
Originally Posted by dannyyankou View Post
Steve would've never allowed this to happen.
Apple is doomed.
Tim is destroying the company.

Ha, just the other day when AAPL was up $15 or so, CNBC had a roundtable discussion on Apple's 'lack of innovation'.
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Old Dec 5, 2013, 09:56 AM   #11
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I Don't like this. At all...
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Old Dec 5, 2013, 10:00 AM   #12
aaronvan
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Buy or hold?

If it hits $700 again I'm selling...maybe.
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Old Dec 5, 2013, 10:03 AM   #13
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Up the divvy!

She's ready...lets get back to 3% AAPL!
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Old Dec 5, 2013, 10:04 AM   #14
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I assume Tim Cook will get all the credit in the financial press for this stock recovery, just like he got all the blame when it dropped. Right?
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Old Dec 5, 2013, 10:19 AM   #15
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Still nothing compared to the craziness associated with the value of Bitcoins.
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Old Dec 5, 2013, 10:26 AM   #16
Alumeenium
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dump it, it does this every holiday cycle, peaking around new years then takes a slow 15% hit until another 5% drop when they announce whatever new product in Feb/Mar
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Old Dec 5, 2013, 10:26 AM   #17
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Still nothing compared to the craziness associated with the value of Bitcoins.
Can you actually buy anything with bitcoins yet? Something worth having that is?

I don't see this taking off until more things are sold with bitcoin and employers pay their employees with a percentage of bitcoin.

Unless it can convert to USD fast, this bitcoin thing will flop in a year.
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Old Dec 5, 2013, 10:45 AM   #18
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dump it, it does this every holiday cycle, peaking around new years then takes a slow 15% hit until another 5% drop when they announce whatever new product in Feb/Mar
The 5 year graph doesn't really support your theory.
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Old Dec 5, 2013, 10:47 AM   #19
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Originally Posted by neilw View Post
I assume Tim Cook will get all the credit in the financial press for this stock recovery, just like he got all the blame when it dropped. Right?
No, when it climbed after Jobs left, that was just momentum.
When it dropped, that was Tim Cook's fault.
Now it's climbing again, that's just undeserved luck.

Seriously, nobody could seriously claim that Apple, properly valued, was worth $700 a share a while ago, then was worth less than $400, and now is worth over $550. Anyone can argue that for various reasons one of these valuations was correct, and we can all happily disagree which one, but it is obvious that at least two of these three valuations are totally irrational. So the whole up and down is just the usual craziness of the stock market.
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Old Dec 5, 2013, 10:49 AM   #20
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Originally Posted by dannyyankou View Post
Steve would've never allowed this to happen.
Apple is doomed.
Tim is destroying the company.

Doomed I tells ya!
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Old Dec 5, 2013, 10:50 AM   #21
Reason077
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Does anyone know if there's any way to buy Apple stock using Bitcoins? (I can't use cash due to tax problems).
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Old Dec 5, 2013, 10:51 AM   #22
CEmajr
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"Apple is Dommed"

- Delayed yet another year

Maybe one day the doubters and doomsayers will finally be right.
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Old Dec 5, 2013, 10:59 AM   #23
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Losing mobile market influence

What concerns me most about Apple's future is they are losing market influence. The 80% Android number does matter for this reason.

Say a brick and mortar store decides to adopt some kind of smartphone payment system. Are they going to choose Google Wallet or Apple Passbook?

Wallet works on Android and iOS, Passbook only works on iOS. Passbook's market penetration peaks at ~16%, whereas Wallet's penetration can reach ~95%. This type of influence allows Google to shape the mobile market, in the same way Microsoft shaped the PC market.

If I'm a shop owner, I can serve both Android and iOS users by adopting Wallet, so why bother with the expense of also supporting Passbook? This will _eventually_ cause developers to not bother with iOS, and then iOS will become MacOS of the mid 90's.

Apple will need to either start to tightly integrate Google services into iOS, or they will need to open their services so they can be ran on Android. And that later approach would be extraordinarily tough, because they'd be fighting Google on Google's own turf.
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Old Dec 5, 2013, 11:06 AM   #24
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Originally Posted by gnasher729 View Post
...

Seriously, nobody could seriously claim that Apple, properly valued, was worth $700 a share a while ago, then was worth less than $400, and now is worth over $550. Anyone can argue that for various reasons one of these valuations was correct, and we can all happily disagree which one, but it is obvious that at least two of these three valuations are totally irrational. So the whole up and down is just the usual craziness of the stock market.
So... nobody has learned from 2008 then. I'm glad I do not trust my money to gambling addicts.
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Old Dec 5, 2013, 11:11 AM   #25
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I think the title is misleading. I think all stocks are roller coasters that never ends. Some are just flatter than others. Since Apple is such a visible company, its stocks are going to be a whole lot volatile than others.
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