AAPL Sinks To New 52 Week Low

SomeDudeAsking · Mar 1, 2013, 10:08 AM

Looking at Google Finance for AAPL, I see that it has sunk to a new 52 week low in price today. It is down to around $428. At this rate, AAPL will be below $400 by the beginning of summer. It has crashed over 35% from where it was just 6 months ago.

TheHateMachine · Mar 1, 2013, 10:43 AM

The NPD tablet data did some damage to confidence. Should have been shorting it!

SomeDudeAsking · Mar 1, 2013, 01:45 PM

Quote:

Originally Posted by TheHateMachine

The NPD tablet data did some damage to confidence. Should have been shorting it!

I think the upcoming release of the Galaxy S4 in 2 weeks also has something to do with the tanking AAPL share price.

Aragornii · Mar 1, 2013, 03:20 PM

The problem is that Apple were able to coast along on Jobs' momentum, but Tim Cook's got nothing. I have zero confidence in the new CEO. I purchased GOOG and have been very happy with the stock's performance. I will liquidate half of my AAPL shares if they hit $425 and the remaining half if it hits $400. All my shares are pre original iPad so it will still be a good return. But hey, at least Tim Cook's on top of that whole gay marriage thing.

In fact, every time Tim Cook speaks publicly the share price goes down. Ah, how they've fallen since the days when people couldn't wait for "...oh, and one more thing..."

GregAndonian · Mar 1, 2013, 03:43 PM

Someone should buy Tim a Pepsi- because another Scully era is upon us....

Plutonius · Mar 1, 2013, 03:45 PM

Quote:

Originally Posted by SomeDudeAsking

Looking at Google Finance for AAPL, I see that it has sunk to a new 52 week low in price today. It is down to around $428. At this rate, AAPL will be below $400 by the beginning of summer. It has crashed over 35% from where it was just 6 months ago.

Investors make money from volatility (the price going up or down). Right now, it's easier to talk down the price of Apple stock then to talk it up. Last year, it was easier to talk the price up which is why it hit $700.

Look at Netflix if you want to see people buying it way above value.

Rogifan · Mar 1, 2013, 04:57 PM

Quote:

Originally Posted by Aragornii

The problem is that Apple were able to coast along on Jobs' momentum, but Tim Cook's got nothing. I have zero confidence in the new CEO. I purchased GOOG and have been very happy with the stock's performance. I will liquidate half of my AAPL shares if they hit $425 and the remaining half if it hits $400. All my shares are pre original iPad so it will still be a good return. But hey, at least Tim Cook's on top of that whole gay marriage thing.

In fact, every time Tim Cook speaks publicly the share price goes down. Ah, how they've fallen since the days when people couldn't wait for "...oh, and one more thing..."

So I guess Steve was an idiot because he recommended Cook for CEO?

Aragornii · Mar 2, 2013, 10:14 AM

Quote:

Originally Posted by Rogifan

So I guess Steve was an idiot because he recommended Cook for CEO?

Jobs wasn't an idiot, but that was an idiotic move.

Dangerzone · Mar 2, 2013, 04:16 PM

The Last 6 Times Tim Cook Has Talked, Apple's Stock Has Dropped
http://www.huffingtonpost.com/2013/0...ef=mostpopular

senseless · Mar 2, 2013, 10:17 PM

I thought we were supposed to be at $1001 by now. Remember? This is why I don't take financial "experts" and forecasters too seriously.

pdjudd · Mar 3, 2013, 12:05 AM

Also pundants that make claims about how Apple should be run. The fact is, none of us are really qualified to determine how a multi-billion dollar company should be operating. The fact is the Board of directors seems to think that Tim Cook is doing his job properly. The fact that they make billions of dollars in profit every ingle year is a pretty good thing to me.

Rogifan · Mar 3, 2013, 01:12 AM

Quote:

Originally Posted by Dangerzone

The Last 6 Times Tim Cook Has Talked, Apple's Stock Has Dropped
http://www.huffingtonpost.com/2013/0...ef=mostpopular

How dumb. It's dropped plenty of times when Cook has never opened his mouth.

pdjudd · Mar 3, 2013, 01:28 PM

And it also dropped plenty of times when Jobs had his mouth open and closed. Shocking I tell you!

SomeDudeAsking · Mar 4, 2013, 01:49 PM

Apple has sunk to another new 52 week low today with trading hovering around $421.50, a drop of another 2 percent from Friday. At this rate, I think Apple could drop below $400 by the end of March.

With today's prices, Apple has nosedived over 40% from where it was just 6 months ago at $700. It is a catastrophe for anyone holding Apple.

Rogifan · Mar 4, 2013, 03:05 PM

Quote:

Originally Posted by SomeDudeAsking

Apple has sunk to another new 52 week low today with trading hovering around $421.50, a drop of another 2 percent from Friday. At this rate, I think Apple could drop below $400 by the end of March.

With today's prices, Apple has nosedived over 40% from where it was just 6 months ago at $700. It is a catastrophe for anyone holding Apple.

Not if you're holding it for the long term.

SomeDudeAsking · Mar 4, 2013, 04:48 PM

Quote:

Originally Posted by Rogifan

Not if you're holding it for the long term.

Losing 40% of your wealth in just 6 months is a catastrophe by any standard. Holding a tech stock in the middle of its meltdown is doubly unwise because technology marches on and leaves falling companies behind. Did you also think it was wise to hold onto Nokia stock for the long term when it too started crashing from the height of its power? Apple will never again reach back to the $700 mark.

Plutonius · Mar 4, 2013, 05:29 PM

Quote:

Originally Posted by SomeDudeAsking

Apple has sunk to another new 52 week low today with trading hovering around $421.50, a drop of another 2 percent from Friday. At this rate, I think Apple could drop below $400 by the end of March.

With today's prices, Apple has nosedived over 40% from where it was just 6 months ago at $700. It is a catastrophe for anyone holding Apple.

If you feel that way.

1) Short Apple stock.
2) Post how bad Apple is in order to drive the stock down.
3) Profit and offset some loses if you bought at $700.

Many people are following this strategy which is why you keep getting bombarded by the bad Apple news and why the stock keeps falling.

Eventually, they will not be able to talk the stock any lower and suddenly, Apple will be the best company out there and a must buy.

I agree with you though that you will probably never see $700 prices again but I think people were being foolish if they bought at those levels. Just remember, all analyst are trying to get you to either buy or sell a stock.

----------

Quote:

Originally Posted by SomeDudeAsking

Losing 40% of your wealth in just 6 months is a catastrophe by any standard. Holding a tech stock in the middle of its meltdown is doubly unwise because technology marches on and leaves falling companies behind. Did you also think it was wise to hold onto Nokia stock for the long term when it too started crashing from the height of its power? Apple will never again reach back to the $700 mark.

You never lose or gain till you actually sell.

You also should look at it this way. Even if it doesn't make it back to the $700 mark, you are still losing a lot more money selling the stock at $400 rather than $500.

rMBP13 · 05:21 AM

I got the stock at $480... I'm down by about 12.5% now.... Hopefully I will be able to sell it at $545

I wanna spend the profits on rmbp

SomeDudeAsking · Mar 4, 2013, 08:04 PM

Quote:

Originally Posted by rMBP13

I got the stock at $480... I'm down by about 12.5% now.... Hopefully I will be able to sell it at $545

I don't think Apple will even be able to touch $545 again with the new Galaxy S4, Galaxy Note 3, Nexus 5 X Phone, and Google Glass all coming out this year. Samsung will pretty much rake in more revenue and profit than Apple this year.

rMBP13 · Mar 5, 2013, 05:18 AM

Quote:

Originally Posted by SomeDudeAsking

I don't think Apple will even be able to touch $545 again with the new Galaxy S4, Galaxy Note 3, Nexus 5 X Phone, and Google Glass all coming out this year. Samsung will pretty much rake in more revenue and profit than Apple this year.

Samsung is actually gonna be the company that will be in trouble this year. Not only that the iPhone will be offered in 4" and 5" displays, but the lower-cost iPhone will also go after Samsung's lower-end market. Samsung is a copycat, Apple is appealing for another court, hopefully, Samsung will have to pay even more for copying Apple products.

Rogifan · Mar 5, 2013, 06:58 AM

Good article by Ben Bajarin at Time. No matter how you look at it Apple's continued sell off is just plain baffling. Right now Apple's PE is less than Dell's. this hatred for the stock doesn't seem to be grounded in reality.

Apple’s Reality Distortion Field Relocates to Wall Street

----------

Quote:

Originally Posted by SomeDudeAsking

I don't think Apple will even be able to touch $545 again with the new Galaxy S4, Galaxy Note 3, Nexus 5 X Phone, and Google Glass all coming out this year. Samsung will pretty much rake in more revenue and profit than Apple this year.

Because Apple's not releasing any new products this year? And who in the world will be buying $1500 glasses? If anything is a niche product that is.

Reach9 · Mar 5, 2013, 08:27 PM

I say buy when it gets even lower, around $400. It'll shoot back up.

I've read articles that said to buy Facebook and sell Apple, LOL! The market is rigged.

rMBP13 · Mar 11, 2013, 08:56 PM

If Samsung releases SGS4 with the same design as the SGS3, I think it's game over for samsung.

It's time for Apple to re-claim the crown once again!

SomeDudeAsking · Mar 12, 2013, 11:23 PM

Quote:

Originally Posted by rMBP13

If Samsung releases SGS4 with the same design as the SGS3, I think it's game over for samsung.

It's time for Apple to re-claim the crown once again!

I predict the SGS4 will be a runaway hit and Apple will sink to below $350 by mid summer.

maxosx · Mar 12, 2013, 11:39 PM

Out of sheer luck I decided to sell off a large part of my stock right as it crested $700 in Sept. Never did I imagine it would plunge as it has. Yet I've always used a long term strategy. What I sold at $700 I bought at $20 a long time ago.

Recently I went back for more that I will hold for quite some time. It will recover, the only unknown is how much. There's a lot of life remaining in Apple.

Mar 1, 2013, 10:08 AM	#1
SomeDudeAsking macrumors 65816 Join Date: Nov 2010	AAPL Sinks To New 52 Week Low Looking at Google Finance for AAPL, I see that it has sunk to a new 52 week low in price today. It is down to around $428. At this rate, AAPL will be below $400 by the beginning of summer. It has crashed over 35% from where it was just 6 months ago.
	0

Mar 1, 2013, 10:43 AM	#2
TheHateMachine macrumors 6502 Join Date: Sep 2012	The NPD tablet data did some damage to confidence. Should have been shorting it! __________________ Computer - Intel/Nvidia with Win8 Pro \| HP Elite 8300 USDT with CentOS 5.2 Mobile - Galaxy Note 2 16GB \| Galaxy S3 16GB Gadget - Surface RT 32GB \| Nexus 10 16GB \| iPad 4 16GB \| iPod Touch 3G 16GB
	0

Mar 1, 2013, 03:43 PM	#5
GregAndonian macrumors regular Join Date: Aug 2010	Someone should buy Tim a Pepsi- because another Scully era is upon us.... __________________ "Your time is limited. Don't waste it living someone else's life." -Steve Jobs
	0

Mar 4, 2013, 07:21 PM	#18
rMBP13 Banned Join Date: Feb 2013	I got the stock at $480... I'm down by about 12.5% now.... Hopefully I will be able to sell it at $545 I wanna spend the profits on rmbp Last edited by rMBP13; Mar 5, 2013 at 05:21 AM.
	0

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Mar 1, 2013, 03:20 PM	#4
Aragornii macrumors regular Join Date: Jun 2010	The problem is that Apple were able to coast along on Jobs' momentum, but Tim Cook's got nothing. I have zero confidence in the new CEO. I purchased GOOG and have been very happy with the stock's performance. I will liquidate half of my AAPL shares if they hit $425 and the remaining half if it hits $400. All my shares are pre original iPad so it will still be a good return. But hey, at least Tim Cook's on top of that whole gay marriage thing. In fact, every time Tim Cook speaks publicly the share price goes down. Ah, how they've fallen since the days when people couldn't wait for "...oh, and one more thing..."
	1

Mar 2, 2013, 04:16 PM	#9
Dangerzone macrumors member Join Date: Jan 2011	The Last 6 Times Tim Cook Has Talked, Apple's Stock Has Dropped http://www.huffingtonpost.com/2013/0...ef=mostpopular
	0

Mar 2, 2013, 10:17 PM	#10
senseless macrumors 6502a Join Date: Apr 2008 Location: Pennsylvania, USA	I thought we were supposed to be at $1001 by now. Remember? This is why I don't take financial "experts" and forecasters too seriously.
	0

Mar 3, 2013, 12:05 AM	#11
pdjudd macrumors 68040 Join Date: Jun 2007 Location: Plymouth, MN	Also pundants that make claims about how Apple should be run. The fact is, none of us are really qualified to determine how a multi-billion dollar company should be operating. The fact is the Board of directors seems to think that Tim Cook is doing his job properly. The fact that they make billions of dollars in profit every ingle year is a pretty good thing to me.
	0

Mar 3, 2013, 01:28 PM	#13
pdjudd macrumors 68040 Join Date: Jun 2007 Location: Plymouth, MN	And it also dropped plenty of times when Jobs had his mouth open and closed. Shocking I tell you!
	1

Mar 4, 2013, 01:49 PM	#14
SomeDudeAsking Thread Starter macrumors 65816 Join Date: Nov 2010	Apple has sunk to another new 52 week low today with trading hovering around $421.50, a drop of another 2 percent from Friday. At this rate, I think Apple could drop below $400 by the end of March. With today's prices, Apple has nosedived over 40% from where it was just 6 months ago at $700. It is a catastrophe for anyone holding Apple.
	0

Mar 5, 2013, 08:27 PM	#22
Reach9 macrumors 68020 Join Date: Aug 2010 Location: In America	I say buy when it gets even lower, around $400. It'll shoot back up. I've read articles that said to buy Facebook and sell Apple, LOL! The market is rigged.
	0

Mar 11, 2013, 08:56 PM	#23
rMBP13 Banned Join Date: Feb 2013	If Samsung releases SGS4 with the same design as the SGS3, I think it's game over for samsung. It's time for Apple to re-claim the crown once again!
	0

Mar 12, 2013, 11:39 PM	#25
maxosx macrumors 68000 Join Date: Dec 2012 Location: Southern California	Out of sheer luck I decided to sell off a large part of my stock right as it crested $700 in Sept. Never did I imagine it would plunge as it has. Yet I've always used a long term strategy. What I sold at $700 I bought at $20 a long time ago. Recently I went back for more that I will hold for quite some time. It will recover, the only unknown is how much. There's a lot of life remaining in Apple.
	0