A New Kind of "May" Day for Apple

Discussion in 'MacBytes.com News Discussion' started by MacBytes, Nov 3, 2008.

  1. macrumors bot

    Jul 5, 2003
  2. macrumors 65816


    Oct 31, 2007
    Washington D.C. Area
    Great article.

    This type of thing is what is insane with our stock market and something that happens quite often with Apple. Some random analyst claims to have heard from a "reliable" source that production of product x is going to be cut by massive numbers or that sales are going to be way lower than expectations based upon the fact that the general economy is in a downturn. This then sense the stock price down for really no reason as these claims really are baseless. It's ridiculous. These same analysts then make predictions on what Apple is going to release next all based upon rumors that have been floating around for awhile. These analysts really don't know what they're talking about, which is quite annoying as they have a large amount of leverage on the market.
  3. ntg
    macrumors regular


    May 3, 2002
    UK - Rushden, Northants
    It's guesswork based on the old "neighbour's best-friend's daughter's dog's groomer's wife's cat's" 'expert' opinion!

    Why do the brokers/investors never learn?:confused:


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