AAPL Sinks To New 52 Week Low

Discussion in 'Apple, Inc and Tech Industry' started by SomeDudeAsking, Mar 1, 2013.

  1. macrumors 65816

    Joined:
    Nov 23, 2010
    #1
    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.
     
  2. macrumors 6502a

    TheHateMachine

    Joined:
    Sep 18, 2012
    Location:
    Houston, TX
    #2
    The NPD tablet data did some damage to confidence. Should have been shorting it!
     
  3. thread starter macrumors 65816

    Joined:
    Nov 23, 2010
    #3
    I think the upcoming release of the Galaxy S4 in 2 weeks also has something to do with the tanking AAPL share price.
     
  4. macrumors 6502

    Joined:
    Jun 25, 2010
    #4
    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..."
     
  5. macrumors 6502

    Joined:
    Jul 31, 2010
    #5
    Someone should buy Tim a Pepsi- because another Scully era is upon us.... :apple::eek:
     
  6. macrumors 601

    Plutonius

    Joined:
    Feb 22, 2003
    Location:
    New Hampshire
    #6
    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.
     
  7. macrumors G5

    Rogifan

    Joined:
    Nov 14, 2011
    #7
    So I guess Steve was an idiot because he recommended Cook for CEO?
     
  8. macrumors 6502

    Joined:
    Jun 25, 2010
    #8
    Jobs wasn't an idiot, but that was an idiotic move.
     
  9. macrumors member

    Joined:
    Jan 26, 2011
  10. macrumors 65816

    senseless

    Joined:
    Apr 23, 2008
    Location:
    Pennsylvania, USA
    #10
    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.
     
  11. macrumors 601

    Joined:
    Jun 19, 2007
    Location:
    Plymouth, MN
    #11
    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.
     
  12. macrumors G5

    Rogifan

    Joined:
    Nov 14, 2011
    #12
  13. macrumors 601

    Joined:
    Jun 19, 2007
    Location:
    Plymouth, MN
    #13
    And it also dropped plenty of times when Jobs had his mouth open and closed. Shocking I tell you!
     
  14. thread starter macrumors 65816

    Joined:
    Nov 23, 2010
    #14
    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.
     
  15. macrumors G5

    Rogifan

    Joined:
    Nov 14, 2011
    #15
    Not if you're holding it for the long term.
     
  16. thread starter macrumors 65816

    Joined:
    Nov 23, 2010
    #16
    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.
     
  17. macrumors 601

    Plutonius

    Joined:
    Feb 22, 2003
    Location:
    New Hampshire
    #17
    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.

    ----------

    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.
     
  18. rMBP13, Mar 4, 2013
    Last edited: Mar 5, 2013

    macrumors member

    Joined:
    Feb 3, 2013
    #18
    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
     
  19. thread starter macrumors 65816

    Joined:
    Nov 23, 2010
    #19
    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.
     
  20. macrumors member

    Joined:
    Feb 3, 2013
    #20
    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.
     
  21. macrumors G5

    Rogifan

    Joined:
    Nov 14, 2011
    #21
    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

    ----------

    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.
     
  22. macrumors 68020

    Reach9

    Joined:
    Aug 17, 2010
    Location:
    In America
    #22
    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.
     
  23. macrumors member

    Joined:
    Feb 3, 2013
    #23
    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!
     
  24. thread starter macrumors 65816

    Joined:
    Nov 23, 2010
    #24
    I predict the SGS4 will be a runaway hit and Apple will sink to below $350 by mid summer.
     
  25. macrumors 68020

    Joined:
    Dec 13, 2012
    Location:
    Southern California
    #25
    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.
     

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