Apple shares fall 4 pct after analyst cuts rating

Discussion in 'MacBytes.com News Discussion' started by MacBytes, Dec 4, 2004.

  1. macrumors bot

    Joined:
    Jul 5, 2003
    #1
  2. macrumors G4

    wrldwzrd89

    Joined:
    Jun 6, 2003
    Location:
    Solon, OH
    #2
    This was bound to happen eventually - I say better now than later to avoid a sharper drop in the stock price sometime in the future. Personally, I don't think Apple (AAPL) shares are a good buy right now, like the analyst says.
     
  3. macrumors 6502a

    Joined:
    Sep 27, 2003
    Location:
    LA-la-land
    #3
    I think there are alot of people taking some profits right now. . . I do expect, however, that the stock with inflate again around the 1Q earnings report (depending of course on how well the Holiday season selling is going).

    If you're up ~200%, why wouldn't you sell?!
     
  4. macrumors 68040

    shamino

    Joined:
    Jan 7, 2004
    Location:
    Vienna, VA
    #4
    Of course take profits now!

    You don't have to sell it all, of course. I sold 50% of my Apple shares when the price was up 100% from when I bought it. This effectively takes my principal out of the market, and everything left is profit, no matter what happens to the price.
     
  5. macrumors 65816

    asif786

    Joined:
    Jun 17, 2004
    Location:
    London, UK.
    #5
    I think Apple stock is extremely delicate at the moment - It'll be an anxious christmas for Apple, let's hope they get through it ok .. :)

    /asif
     
  6. macrumors 65816

    Savage Henry

    Joined:
    Feb 20, 2004
    Location:
    in a one horse, two house, three pub town.
    #6
    I was in a John Lewis earlier today and the biggest queue at a single product counter was the one surrounding the iPods .... and there was evidence of the well documented Halo Effect with people surrounding the line of Mac computers .... so I think the Christmas for Apple will be sweet.
     

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