Go Back   MacRumors Forums > Mac Community > Community Discussion > Apple, Industry and Internet Discussion

Reply
 
Thread Tools Search this Thread Display Modes
Old 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.
SomeDudeAsking is offline   0 Reply With Quote
Old Mar 1, 2013, 10:43 AM   #2
TheHateMachine
macrumors 6502a
 
Join Date: Sep 2012
Location: Houston, TX
The NPD tablet data did some damage to confidence. Should have been shorting it!
__________________
I own stuff that is cool and fits my needs.
TheHateMachine is offline   0 Reply With Quote
Old Mar 1, 2013, 01:45 PM   #3
SomeDudeAsking
Thread Starter
macrumors 65816
 
Join Date: Nov 2010
Quote:
Originally Posted by TheHateMachine View Post
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.
SomeDudeAsking is offline   1 Reply With Quote
Old Mar 1, 2013, 03:20 PM   #4
Aragornii
macrumors 6502
 
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..."
Aragornii is offline   1 Reply With Quote
Old Mar 1, 2013, 03:43 PM   #5
GregAndonian
macrumors 6502
 
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
GregAndonian is offline   0 Reply With Quote
Old Mar 1, 2013, 03:45 PM   #6
Plutonius
macrumors 601
 
Plutonius's Avatar
 
Join Date: Feb 2003
Location: New Hampshire
Quote:
Originally Posted by SomeDudeAsking View Post
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.
Plutonius is offline   0 Reply With Quote
Old Mar 1, 2013, 04:57 PM   #7
Rogifan
macrumors G3
 
Rogifan's Avatar
 
Join Date: Nov 2011
Quote:
Originally Posted by Aragornii View Post
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?
__________________
"I have a very optimistic view of individuals. As individuals, people are inherently good. I have a somewhat more pessimistic view of people in groups." -- Steve Jobs , Wired interview
Rogifan is offline   1 Reply With Quote
Old Mar 2, 2013, 10:14 AM   #8
Aragornii
macrumors 6502
 
Join Date: Jun 2010
Quote:
Originally Posted by Rogifan View Post
So I guess Steve was an idiot because he recommended Cook for CEO?
Jobs wasn't an idiot, but that was an idiotic move.
Aragornii is offline   0 Reply With Quote
Old 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
Dangerzone is offline   0 Reply With Quote
Old Mar 2, 2013, 10:17 PM   #10
senseless
macrumors 65816
 
senseless's Avatar
 
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.
senseless is online now   0 Reply With Quote
Old 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.
pdjudd is online now   0 Reply With Quote
Old Mar 3, 2013, 01:12 AM   #12
Rogifan
macrumors G3
 
Rogifan's Avatar
 
Join Date: Nov 2011
Quote:
Originally Posted by Dangerzone View Post
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.
__________________
"I have a very optimistic view of individuals. As individuals, people are inherently good. I have a somewhat more pessimistic view of people in groups." -- Steve Jobs , Wired interview
Rogifan is offline   0 Reply With Quote
Old 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!
pdjudd is online now   1 Reply With Quote
Old 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.
SomeDudeAsking is offline   0 Reply With Quote
Old Mar 4, 2013, 03:05 PM   #15
Rogifan
macrumors G3
 
Rogifan's Avatar
 
Join Date: Nov 2011
Quote:
Originally Posted by SomeDudeAsking View Post
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.
__________________
"I have a very optimistic view of individuals. As individuals, people are inherently good. I have a somewhat more pessimistic view of people in groups." -- Steve Jobs , Wired interview
Rogifan is offline   1 Reply With Quote
Old Mar 4, 2013, 04:48 PM   #16
SomeDudeAsking
Thread Starter
macrumors 65816
 
Join Date: Nov 2010
Quote:
Originally Posted by Rogifan View Post
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.
SomeDudeAsking is offline   0 Reply With Quote
Old Mar 4, 2013, 05:29 PM   #17
Plutonius
macrumors 601
 
Plutonius's Avatar
 
Join Date: Feb 2003
Location: New Hampshire
Quote:
Originally Posted by SomeDudeAsking View Post
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 View Post
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.
Plutonius is offline   0 Reply With Quote
Old 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.
rMBP13 is offline   0 Reply With Quote
Old Mar 4, 2013, 08:04 PM   #19
SomeDudeAsking
Thread Starter
macrumors 65816
 
Join Date: Nov 2010
Quote:
Originally Posted by rMBP13 View Post
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.
SomeDudeAsking is offline   0 Reply With Quote
Old Mar 5, 2013, 05:18 AM   #20
rMBP13
Banned
 
Join Date: Feb 2013
Quote:
Originally Posted by SomeDudeAsking View Post
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.
rMBP13 is offline   2 Reply With Quote
Old Mar 5, 2013, 06:58 AM   #21
Rogifan
macrumors G3
 
Rogifan's Avatar
 
Join Date: Nov 2011
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 View Post
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.
__________________
"I have a very optimistic view of individuals. As individuals, people are inherently good. I have a somewhat more pessimistic view of people in groups." -- Steve Jobs , Wired interview
Rogifan is offline   0 Reply With Quote
Old Mar 5, 2013, 08:27 PM   #22
Reach9
macrumors 68020
 
Reach9's Avatar
 
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.
Reach9 is offline   0 Reply With Quote
Old 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!
rMBP13 is offline   0 Reply With Quote
Old Mar 12, 2013, 11:23 PM   #24
SomeDudeAsking
Thread Starter
macrumors 65816
 
Join Date: Nov 2010
Quote:
Originally Posted by rMBP13 View Post
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.
SomeDudeAsking is offline   0 Reply With Quote
Old Mar 12, 2013, 11:39 PM   #25
maxosx
macrumors 68020
 
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.
maxosx is offline   0 Reply With Quote


Reply
MacRumors Forums > Mac Community > Community Discussion > Apple, Industry and Internet Discussion

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Similar Threads
thread Thread Starter Forum Replies Last Post
Apple stock sinks 5% / AAPL Downgraded After iPhone Release [MERGED] cymolia Apple, Industry and Internet Discussion 43 Sep 16, 2013 09:19 PM
Samsung sinks the Surface RT jayducharme Apple, Industry and Internet Discussion 10 Mar 13, 2013 03:28 PM
Ram heat sinks rantingrich Mac Pro 2 Aug 2, 2012 12:14 PM
Does OWC RAM have proper heat sinks? akadmon Mac Pro 10 Jun 19, 2012 05:03 PM

Forum Jump

All times are GMT -5. The time now is 06:47 AM.

Mac Rumors | Mac | iPhone | iPhone Game Reviews | iPhone Apps

Mobile Version | Fixed | Fluid | Fluid HD
Copyright 2002-2013, MacRumors.com, LLC