Apple executives dump shares

3rdpath

macrumors 68000
the execs have been dumping a lot of shares lately.

i do think it is significant-others don't....who knows.

i do feel certain that if the execs thought that the stock price was going up, they wouldn't be selling now.

the price does seem to have hit a resistance point-its been bobbing around 23 to 25 for quite a while.

i said earlier that i think we'll see apple hit $20.00 before it hits $30.00--i'm sold out now so it doesn't matter to me but thats my hunch.

and i've had a few bad " hunches" lately...worldcom anyone?:D
 

King Cobra

macrumors 603
Mar 2, 2002
5,403
0
Originally posted by 3rdpath
...worldcom anyone?:D
Lots of Luck! And LOL...

I wouldn't at al be surprised to see Apple's stock go above $30 within, I guess, 3 to 6 months from now. But I do remember when Apple was stuck below $20/share, which didn't exactly make me feel too proud.

Then again, I still remeber that quote from the movie Big Daddy, and Capt. Jr. mentioned that: "Microsoft went down 3 points." I can't seem to remember if it was 3 or 5 points. But 5 would probably work better. :)
 

eyelikeart

Moderator emeritus
Jan 2, 2001
11,897
0
Metairie, LA
nicely put jaykk...

as far as how this affects the price of shares across the boards...it doesn't...

every company has set aside a # of shares for the employees...high & low ranking...and they have set aside a # of public shares...those which we can buy...

every quarter employees have the option to sell off their shares...usually after holding on to them for a set amount of time...in most cases they will sell them...depending on how well the company is doing...think of it this way...if u were given a huge # of shares of the company for whom u work...and were given the chance to sell them and cash in...would u do it?!

this is all internal from what I understand...and does not affect how the public shares perform...pricewise or anything...what has influence on the public prices & such is whether or not they are being traded...publicly though...not within the company....

don't worry about it...only if new iMacs start freaking out and spewing out dvd discs at a velocity that they slice people open should we worry about their stock prices go any further down then we've seen them for the past year...he he he:D
 

kevinibook

macrumors member
Jan 6, 2002
59
0
Geneva ,Switzerland
Apple Execs have very good reasons to sell their stock now. It lost around 5 % of its value in the past week. And the UBS Warburg and CSFB(swiss bankers but anyway) were really pesimistic about the stock and iMac sales so...
 

dantec

macrumors 6502a
Nov 6, 2001
605
0
California
Something BIG is going to happen. If Apple was going to go though a buyout (like those rumors of Sun & IBM before), the execs would hold the shares until the point of when the deal is made public, and then they would sell...

Just selling in large quantities doesn't feel, sound right. Either a bad bad quarter is coming, or something bad is going to happen... :eek:

By selling this much and with so many execs in such a short period of time, you would think M$ is about to buy them! :eek:
 

kevinibook

macrumors member
Jan 6, 2002
59
0
Geneva ,Switzerland
If there was a deal then apple Execs would sell now, if they waited there would be rumors etc. and the stock would lose its value and if they waited until the verge that the deal was made public they would have lost a large amount of money.
 

irmongoose

macrumors 68030
Originally posted by dantec
By selling this much and with so many execs in such a short period of time, you would think M$ is about to buy them! :eek:
Uh-huh. Right now? Just after Apple totally bashed Microsoft with the new Switch videos? Some guys were dissing Windoze so badly, it was funny... I thought "How can they do that and still keep a straight face?"

hehe.

hey, no hard feelings, right?





irmongoose
 

topicolo

macrumors 68000
Jun 4, 2002
1,672
0
Ottawa, ON
Originally posted by kevinibook
If there was a deal then apple Execs would sell now, if they waited there would be rumors etc. and the stock would lose its value and if they waited until the verge that the deal was made public they would have lost a large amount of money.
That's not possible. Under SEC regulations, insiders can't sell whenever they want, they have to submit their intent to sell six months (if i remember correctly) before they actually do. That's all to prevent the insiders from insider trading
 

Mr. Anderson

Moderator emeritus
Nov 1, 2001
22,561
0
VA
Besides if you're about to be bought out, its usually for more than the stock is worth, so its best to hang on till afterward anyway.
 

humantech

macrumors member
Jan 27, 2002
30
0
Inland northwest
sometimes, things are just what they seem...

As an apple Specialist, warranty tech, consultant and anything else geeky you can think of :) , I always like to read things in to whatever moves apple makes ( its just good business sense, a LOT of fun, and helps me make decisions that affect my, and all of my employees, livelihood.)
HOWEVER. Having worked in management for corporations, and had 1/3 of my yearly income based on stock options, I can honestly say, the execs are probably excercising options that came up when they were awarded their stock options a year and one half ago when Appple stock prices were down around $12/share. The options probably just came available, and they decided to bonus themselves out. The last year or so has been financially tough and a lot of people are tightening up a little bit, so anytime you can make ALMOST twice the face value on a stock transaction, its probably a good thing to do. The shine is off the apple ( no pun intended) in the stock market. Tech stocks will probably never again ( or at least anytime soon) reach the hyper inflated levels they were at 3 years ago , so the execs are most likely adding the normal human things like extra bedrooms, bathrooms, fast cars, racy women, etc..... :)
Tech
 
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.