The majority of trades in the "markets" these days are made by machines, not humans. Of course in-duh-vidual investors tippy-tapping on keyboards are welcome to play anytime...
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Apple Shares Drop Below $100 Amid Wider Stock Market Downturn [Updated]
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Did well today. Bought around $95 for 200 shares and now it's up $1.50. I'm in for the long haul.
depends on your time frame. short term, APPL is a good buy because there are often rallies and short-term bounces in market corrections, and this crazy early-session selloff is already rebounding. a lot of traders are pumping and dumping in the short term and making a fortune.
medium term, might be a bad buy
long term, definitely a good buy.
Yes, China may be in or entering a recession. During a recession, China may buy less iPhones then if there wasn't a recession. But considering the massive growth in sales in the last year, would sales actually go down? Or are we just going to expect slower increase? I could believe slower increases in sales. But I can't imagine that Apple will actually sell less iPhones in China in 2016 than it did in 2014.
I am not sure you understand what is a recession. You need two consecutive quarters of negative growth before it can be called a recession, and the US is currently growing at more than 2% annually.
However, if you are one of those who say goverment figures are bs, then well all the power to you.
China is not in a recession nor will enter a recession, still growing at 6+ %, the only thing is their growth is slowing from the highs of 10+ %.
3 hours was a hell of a wait I tell ya. Lol. It's called software based algorithmic trading. Nothing is real in the short term. Just some legalized gambling is all.
I hope the economy completely tanks, for good reason too.
For starters, you have banks like Citi, Chase, BoA, etc, that are all greedy and made stupid lending choices that helped lead to the economic crisis in the first place. In addition to that, their ridiculous fees, pretty much take away from the middle class and poor while giving it to the greedy investors also doesn't do well for the economy either. ON TOP OF THAT, people can't dig their way out of credit card debt because of their high interest rates on their credit cards. How are people supposed to stimulate the economy if they're paying every penny towards their credit card debt rather than putting it in a savings account? Oh and that's the other thing about these banks... Nobody wants to put their money in a savings account if it's paying 0.001% back in interest, below the inflation rate. Give me a break. These banks need to collapse before the economy can get better.
Community banks and solely having charge cards instead of having credit cards for consumers would be much better for the economy. Charge cards get paid off monthly, accrue no interest, and provide benefits to those who use them. Community banks (or credit unions) are not-for-profit organizations that have lower fees, or no fees for services. If the big banks collapse, most people's credit card debt is eliminated, they pay less in fees to a bunch of crooks every year, and hopefully the trend will result in an improving economy. People will pay less in interest for housing, have a better chance of getting a loan, and will be able to stimulate the economy by putting that money elsewhere.
Want the economy to thrive? Get rid of the big banks. Let them fail.
For starters, you have banks like Citi, Chase, BoA, etc, that are all greedy and made stupid lending choices that helped lead to the economic crisis in the first place. In addition to that, their ridiculous fees, pretty much take away from the middle class and poor while giving it to the greedy investors also doesn't do well for the economy either. ON TOP OF THAT, people can't dig their way out of credit card debt because of their high interest rates on their credit cards. How are people supposed to stimulate the economy if they're paying every penny towards their credit card debt rather than putting it in a savings account? Oh and that's the other thing about these banks... Nobody wants to put their money in a savings account if it's paying 0.001% back in interest, below the inflation rate. Give me a break. These banks need to collapse before the economy can get better.
Community banks and solely having charge cards instead of having credit cards for consumers would be much better for the economy. Charge cards get paid off monthly, accrue no interest, and provide benefits to those who use them. Community banks (or credit unions) are not-for-profit organizations that have lower fees, or no fees for services. If the big banks collapse, most people's credit card debt is eliminated, they pay less in fees to a bunch of crooks every year, and hopefully the trend will result in an improving economy. People will pay less in interest for housing, have a better chance of getting a loan, and will be able to stimulate the economy by putting that money elsewhere.
Want the economy to thrive? Get rid of the big banks. Let them fail.
You bought a used pink iPhone 5c last month and now you're giving investment advice?
Good luck with that! You would need a massive stock market crash worse than 2008 to even think about AAPL at $30. Total pipe dream.
You want the economy to completely tank? That's millions and millions of people losing their jobs. All to get mad at banks? Maybe re-think your logic because you just hoped that 50% of the people reading this will lose their job so you will be happy at big banks.
P/E of 16:1 is just a number I picked after looking at high technology since I was in that field, back in 1990. I don't do day trading (anymore), so buy and hold is my path.
Two months from now, I think the price will be close to $130 ish, as things calm down. The downturn in the stock price, I think is based on the fear part of the fear and greed mantra.
As for those looking to buy in the $30 range, that would require some serious changes on the output of Apple, including having the value of the company have a market cap at $200B, and with $140B in the bank, that's a pretty ripe takeover target. Ok, I'm babbling now...
Anyhow, I'm still bullish on AAPL. I think it's a steal right now, but it might be a bigger steal before it gets better.
You do realize the banks is what caused this right?
If I racked up $50,000 in credit card debt, I don't get a bailout without punishment.
The economy needs a huge reset, and it starts with the big banks collapsing. They're too big and are getting bigger.
Oh yeah, I'm way long on AAPL, like retirement in 25 years long, and I wish you luck as well!
As an aside, a friend of mine and I, when these massive swings take place, we IM each other, "weeeeeeeee!"
I'm still trying to figure why the AAPL price drop is a "correction". If anything, for it to be correct, it'd be at $140.
(Yeah, I know what a correction is, but it's a misnomer)
There's a lot of knee jerk responses in this thread.
However it does make it easy to identify those who have no clue what the markets all about.
Adding fuel to the fire are those who have more money than sense. They invest In Apple with rose colored glasses, only to change their mind when they fail to experience the gains they expected in far too short of a time period.
Then they proclaim the market as evil.
History is a word and another subject they have no clue about.
Tis a shame...
However it does make it easy to identify those who have no clue what the markets all about.
Adding fuel to the fire are those who have more money than sense. They invest In Apple with rose colored glasses, only to change their mind when they fail to experience the gains they expected in far too short of a time period.
Then they proclaim the market as evil.
History is a word and another subject they have no clue about.
Tis a shame...
We already have price controls but the govt calls them "subsidies." Capitalism does NOT work without govt giveaways from tax breaks to rebates to writing laws that block competition (how many choices do you have for electric/internet?) I don't think enough people understand just how much Wall Street needs the govt to keep the playing field slanted in their favor. Apple is no different. They use US tax laws to protect profits.
Of course you are obviously wrong. Banks are simply franchises of the Federal Reserve. They are required to follow liquidity and lending requirements very proscribed on them. Therefore the problem we had with them was the federal rules governing them, not the managers and employees and the business itself.
Lending standards in 2007 were such that if you could breathe you could get a loan. By 2010 when prices and rates were awesome, lending standards were nearly impossible to meet. That desperately hurt people and favored corporations who snapped up for all cash tens of thousands of foreclosed homes.
Why didn't POTUS fix that since his regulators were the ones making those decisions? I am curious.
You have misdirected rage.
Rocketman
An even better question is why doesn't he just fix that today while rates are still low? There is a reason, because the fix is dead easy.
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I had an immediate reaction to this news this morning. I just used my dividend payout from earlier this month to buy 4 more shares.
Apple shares dipped below $100 in pre-market trading today...
China is so doomed.
Ah... Stock price posts. Nothing more pointless than these.
It's down, no it's up, no it's down again! Omg!
Where's the update regarding the 3.3% drop it had today?
It's down, no it's up, no it's down again! Omg!
Where's the update regarding the 3.3% drop it had today?
How do I determine what the current stock price equivalent would be before the split? Does someone have a number I can multiply the current stock price by? I would assume it would be that easy right?