Apple down $10 with Dow up 100

Discussion in 'Apple, Inc and Tech Industry' started by Steviejobz, Jul 13, 2010.

  1. Steviejobz macrumors 68000

    Joined:
    Jun 19, 2010
    Location:
    SoCal
    #1
    Random event? Or iPhone 4 CR related?

    We had a few people here claiming the drop yesterday was coincidental with the market.
     
  2. Apple Corps macrumors 68030

    Joined:
    Apr 26, 2003
    Location:
    California
    #2
    All the "signal issue" yak in the media is playing some role.

    By now, Apple must have figured out the real engineering / manufacturing extent of the issue. There are only so many viable options for dealing with it. Make a decision and issue a statement.

    Nature abhors a vacuum - Apple can fill that void or allow the Bitchy Boys and rumor mill to fill it.
     
  3. samcraig macrumors P6

    Joined:
    Jun 22, 2009
    #4
    I believe the negative attention is causing concern. I don't believe it's a "correction" or random.
     
  4. PR0SP3R macrumors newbie

    Joined:
    Jul 6, 2010
    #5
    The signal problem is all too real. It has been known for quite some time... I'm assuming AAPL is getting bad press because it has not issued a concrete statement on it.
     
  5. -aggie- macrumors P6

    -aggie-

    Joined:
    Jun 19, 2009
    Location:
    Where bunnies are welcome.
    #6
    Random. It's been going up and down for awhile now. Now it's at 6 down. If they lose like 20-30 points that will mean this news has affected them.
     
  6. maturola macrumors 68040

    maturola

    Joined:
    Oct 29, 2007
    Location:
    Atlanta, GA
    #7
  7. pugnut macrumors 6502a

    Joined:
    Jul 1, 2007
    #8
    In my opinion only- profit taking, and the short term investors. I would consider this a buying oppurtunity for anyone that is not alrady in. For the record I have owned it for years, my lowest purchase price is pre-split 37 and my higest is $246, which I already sold out of that postion, for cash reasons.

    Apple has 40 billion in cash- no debt and strong products. Think long term0
     
  8. Small White Car macrumors G4

    Small White Car

    Joined:
    Aug 29, 2006
    Location:
    Washington DC
    #9
    Well, it is because of the iPhone issues, but it would be more useful to say down 3% - 4%.

    So there's some concerns there, but it's not as big a deal as a title saying "$10" makes it sound.
     
  9. tuatha macrumors regular

    Joined:
    Jun 24, 2010
    #10

    Nothing random about it. It's true the stocks have been up and down over the last few weeks but they've mostly been in line with other tech stocks.

    Take a look at the NASDAQ today. Apple is going the opposite direction and the decline started almost immediately after the CR report yesterday (though it recovered before the end of the day).

    Will probably see a recovery before close of business again today but it can't go on much longer without comment from Apple.
     
  10. maturola macrumors 68040

    maturola

    Joined:
    Oct 29, 2007
    Location:
    Atlanta, GA
    #11
    DOn;t disagree with you, but when the issues go from "buzz" and "customer winning" to actually affecting the Bank, then investor and board start putting pressure for a resolution. There is where you see real result.
     
  11. Steviejobz thread starter macrumors 68000

    Joined:
    Jun 19, 2010
    Location:
    SoCal
    #13
    Is it helpful to say Apple has lost over $7 billion in market cap due to hiding an issue that could have been remedied for a few million bucks?

    I think another $20 billion in market cap will get their attention. Now that Apple is entirely corporate and no longer cares for its customers, the bottom line impact will make the decisions. Not customer wishes.
     
  12. fastfinger macrumors member

    Joined:
    Jun 11, 2010
    #14
    The story is huge now, best to sell and get back in right before Apple offers a statement. Just give everyone a bumper, what to they cost Apple, maybe 30 cents to make?
     
  13. rotlex macrumors 6502a

    Joined:
    May 1, 2003
    Location:
    PA
    #15
    Cool. Hopefully, it hits $100 again. I'll buy another 10K worth and smile when it goes back to $250 or so. :D
     
  14. einmusiker macrumors 68030

    einmusiker

    Joined:
    Apr 26, 2010
    Location:
    Location: Location:
    #16
    hopefully it falls about 100 bucks so I can buy some before the holiday turnaround
     
  15. Small White Car macrumors G4

    Small White Car

    Joined:
    Aug 29, 2006
    Location:
    Washington DC
    #17
    Not particularly. The % is still the most useful number.
     
  16. pugnut macrumors 6502a

    Joined:
    Jul 1, 2007
    #18

    Exactly-
     
  17. pugnut macrumors 6502a

    Joined:
    Jul 1, 2007
    #19

    Have we learned nothing from the Cramers of the world, pump the news, and buy at the low. The said part is that the small investors are the ones going to get burned beucase theya re scared as hell and dump. Look at the trade spreads, there are so many trades under 500 shares its nuts, but the buyers are picking up average 5k-with a 250k trade just crossing.

    This is a not a eart moving event for Apple. If they had to buy back every phone sold it would be a nit comapred to the 40 billion cash onhand. Relax and if you were smart I would buy at the lows, those that did today are aleardy making money.
     
  18. Jestered macrumors 6502

    Joined:
    Oct 13, 2005
    Location:
    Austin, Texas
    #20
    Why are you comparing Apple's stock with the Dow? You should compare it with the NASDAQ, which his currently up a measly 1%.
     
  19. tuatha macrumors regular

    Joined:
    Jun 24, 2010
    #21
    And Apple's is down 4% now.

    That's quite a big difference. MS, Google, Adobe, HP and most of the other big tech companies are all up in line with the NASDAQ.

    Apple is the odd one out.
     
  20. Steviejobz thread starter macrumors 68000

    Joined:
    Jun 19, 2010
    Location:
    SoCal
    #22
    you can throw as much lipstick on this pig as you want. Apple shares severely underperforming the market, tech stocks, peers, etc. directly due to recall issues.

    If Apple doesnt fix this issue properly, it will kill the mainstream early adopter. Not the crowd on these forums, as Apple could put out a turd and people would line up to pay $500 for it. But most people who are just getting excited about Apple and thinking about throwing out that Dell. They will wait next time to see what bugs are there. That slows growth and for a company this big, the law of large numbers can be a pain without being able to rapidly grow share by winning over that more mainstream crowd.
     
  21. tuatha macrumors regular

    Joined:
    Jun 24, 2010
    #23

    I'm liking this new, rational StevieJobz.
     
  22. JoJoCal19 macrumors 65816

    JoJoCal19

    Joined:
    Jun 25, 2007
    Location:
    Jacksonville, FL
    #24
    That's not true at all. A 20-30 point drop is due to pretty damaging news or events for a company at AAPL's price, not rumors of recalls nor bad press about a device flaw that not everyone is experiencing.

    At APPL's stock price, being down $6-$10 is indicative of recent bad press for the company, at $10 thats a 4% tick in price. A $20-$30 could infact happen if Apple were to come out and say something to the effect of "We're going to recall 1 million iPhones and halt further production until we re-engineer the phone to fix the problem.
     
  23. JediZenMaster macrumors 68000

    JediZenMaster

    Joined:
    Mar 28, 2010
    Location:
    Portland,Oregon
    #25
    AAPL will rebound and will be 300 by the end of the year. Stocks drop and they rise but to imply that this will cause the company to be like it was in the 1980s close to bankruptcy is just crazy.
     

Share This Page