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And now it's down $6.88! Looks like the lunch hour was a dive. Hang on tight!

My bad. I just went long AAPL x3 . Surely enough, as word got around the share dropped like a stone. If someone pays me a good fee i'll sell at a loss and un-jinx the stock for the rest of you! I actually don't remember when i last went long on a stock without it dropping shortly thereafter. Thankfully, I'm doing well regardless. While my timing seems to be as off as it could possibly be, the horses i pick still end up winning the races :- )

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In the end this was only a 2% move. What made it so dramatic was the 3% climb that was also given up on the same day.

Bizarre overreaction, though. Okay, given Apples recent rise, its only natural that it doesn't take much to get people to jump off, looking for a better re-entry. Still, a 5% shift in valuation is what? 20-25 bn in worth? For what? Really? How much of it is due to Apples "China issue"? How much of that
makes any sense?

Oh well. Cant say I'm surprised. Story of my (investor) life.
 
Bizarre overreaction, though. Okay, given Apples recent rise, its only natural that it doesn't take much to get people to jump off, looking for a better re-entry. Still, a 5% shift in valuation is what? 20-25 bn in worth? For what? Really? How much of it is due to Apples "China issue"? How much of that
makes any sense?

Oh well. Cant say I'm surprised. Story of my (investor) life.

Stock price moves over short spaces of time rarely make any sense, not that everybody and his brother won't try to explain them. And by short spaces of time, I mean anything less than a month.
 
I am very surprised at today's drop; the stock is down $2.36 to $495.31 in after hours trading.
 
The entire market did poorly yesterday and will likely today on the news that Greece is putting off an important meeting about their bailout.

European jitters are still strongly affecting world markets. And in the case of Apple, investors may be just generally pulling their money out of stocks and moving them to safer investments, or they may fundamentally think that with gasoline and oil prices sky-high and weak growth that consumers may not want to spend as much on 'luxury' items that Apple makes and instead focus on just 'paying the bills' which will be higher in the coming months thanks to higher oil and gas prices. Anything and everything can spook investors, real or imagined.

But aside from those bearish sentiments...YES...you do have to expect some profit taking after a significant rise like this. :D
 
The entire market did poorly yesterday and will likely today on the news that Greece is putting off an important meeting about their bailout.

European jitters are still strongly affecting world markets. And in the case of Apple, investors may be just generally pulling their money out of stocks and moving them to safer investments, or they may fundamentally think that with gasoline and oil prices sky-high and weak growth that consumers may not want to spend as much on 'luxury' items that Apple makes and instead focus on just 'paying the bills' which will be higher in the coming months thanks to higher oil and gas prices. Anything and everything can spook investors, real or imagined.

But aside from those bearish sentiments...YES...you do have to expect some profit taking after a significant rise like this. :D

Europe has been on the map of worries for many months now. To put it in perspective, the markets are always worried about something. Analysts typically have some sort of generic post-hoc explanation for why the markets did whatever they did on any given day, but in truth they don't have a clue. The markets move with a herd mentality. Over short hauls, traders pile in and traders pile out, en masse, often for no discernible reason. If investors can't learn to avert their eyes and not be drawn into the market's emotional reactions to whatever is in the water on any given day they will be tempted to make bad investment decisions.
 
It's true though, Apple first helped Microsoft, Microsoft then helped Apple, and then Apple became the world's most valuable company.

Microsoft did not help Apple willingly, if that makes any difference. Microsoft's "investment" was part of settling a longstanding patent infringement lawsuit. Microsoft got a face-saving gesture from Apple by being able to call it an "investment" and Apple got the great PR of it looking like Microsoft was solidly behind them. This was one of Jobs' greatest PR coups, one for which he never really received proper credit. Even less so now, it seems, as the legend became that Microsoft "saved" Apple.

Holy thread resurrection, Batman!
Although it does provide some interesting reading in light of AAPL's recent price antics.

A time warp for sure. Interesting to revisit the artificial controversy stirred up by AAPL's first trip through the $500 mark. Strangely enough, it isn't so different than the second time around.
 
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