Apple shares go their own way

Discussion in 'MacBytes.com News Discussion' started by MacBytes, Oct 10, 2008.

  1. macrumors bot

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    #1
  2. macrumors 6502a

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    #2
    I hope they keep on that upward trend!
     
  3. macrumors 68000

    Me1000

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    Jul 15, 2006
    #3
    I think the most likely reason right now is that Apple has hit the equilibrium. If the market goes down Monday I have a feeling Apple will follow.
     
  4. macrumors 6502a

    #4
    Come on ... given the way things are now this was out of date 30 minutes before it was posted :p
     
  5. macrumors 6502a

    tyr2

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    #5
    Even allowing for the general state of the market, don't Apple shares generally do well in the run up to an event, then either climb or (more usually) dip on what is announced.

    Buy on the rumour, sell on the news, and all that...
     
  6. macrumors 68020

    winmacguy

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    #6
    Most of the time, yes.
     
  7. macrumors P6

    IJ Reilly

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    #7
    Not necessarily. It depends entirely on the profit reports and forward guidence. And naturally the state of the markets overall. There is no rule that is useful.
     
  8. macrumors 6502a

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    #8
    makes me wish i had apple stock :eek:
     
  9. macrumors 68000

    Me1000

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    #9
    not really... While Apple's stock is fairing alright, it has hit a 52 week low! :(
     
  10. macrumors 6502a

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    #10
    I meant buying it a couple days ago and having it now. Because it looks like it'll keep going up.
     
  11. macrumors 6502

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    #11
    I think that until mid-week AAPL will go up, then, it will dive. Events usually see the stock jump a bunch and then crash until the weekend.
     
  12. macrumors 68020

    winmacguy

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    #12
    What I meant was, normally Apple shares do well regardless of the direction the market is going - unless Wall St is collectively ******** itself as it has done over the last week or so - then they drop with everything else. Apple was heading up briefly on Friday arvo and may continue to do so untill the new stuff is announced, then once the soft guidance is given on the 21st I would expect the stock to be sold off due to those "wonderful" comments from our all knowing analysts :rolleyes: about how Apple's expensive niche market products will struggle against the so called cheaper alternatives and the iPhone will also struggle againsts the likes of Nokia etc blah blah ....
     
  13. macrumors 6502

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    #13
  14. macrumors P6

    IJ Reilly

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    #14
    I would not agree that this is necessarily true either. I've been an AAPL investor long enough to know that no rule of thumb works. For the last several years in particular, AAPL has been a classic momentum stock -- traders herd in and out of shares for no apparent reason other than it is moving up or down.
     
  15. macrumors regular

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    #15
    Trading is herd-centric activity. Mooooooo. Moooooo.
     

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