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Apple Stock Plunges 10% After Earnings Released

iLeader goes missing

:apple:AAPL's most favorable quarterly report today and Mr CEO can't make a call in show. iLeader could have done himself and us a measurable financial favor by offering a short voice over. But nooooo!

I suspect those in the know have visited iLeader territory and found his digital image not so satisfactory. Professional gurus who watch AAPL numbers have spent a pittance to a regularly employed photog to preserve for their own net worth his awfulness. Apple investor relations and public relations will not dignify an inquiry with even an acknowledgement.

APPL is a modest part of his portfolio compared with Disney. He just goes on holiday whenever it suits and the little people can suffer a mark down. Whatever!

Maybe the little people should take a peek of their own to verify iLeader makes his rounds. If his awfulness is different than at WWDC we too can short our shares like the hedgers.

Anyone local care to make a drive thru? If celebrity photogs make a living; surely documentation of iLeader is worth more to more in a real way.:apple:

Black AAPL indeed! :rolleyes:
 
So what exactly is the best way to buy AAPL stock? And is it worth it only to buy a small number of shares, like <20 You have to start somewhere, right? :p
 
I was expecting the stock to drop by ~5%; but given the current economic conditions, 10% shouldn't have come as a surprise.

This drop is primarily caused by the following two things: 1) Extremely cautious outlook in an already beleaguered economy; 2) Hedge fund managers manipulating the stock price downward.

Aside from Energy and Basic Materials; AAPL is one of the very few stocks (in the Tech sector) that has been doing fairly well during this ongoing credit crisis and mortgage fiasco. That said, hedge fund managers will always try to batter the price down after a positive report in order to get shares at a cheaper price. Also, given Apple's exposure, as a consumer electronics company, there is always a cause for concern of its financial health primarily because of external factors (+$4/gallon gas, highest inflation rate in ~30-years, credit crisis) governing consumer decisions on disposable income.
 
However, it was Chief Financial Officer Peter Oppenheimer's remarks about the coming quarter and Jobs' health that had investors scrambling to dump Apple shares. While Oppenheimer promised record iPhone sales in the fourth quarter, he predicted earnings of roughly $1 per share on $7.8 billion in sales--well short of the $1.23 a share on sales of $8.3 billion analysts had predicted.
Click to expand...

This is the one paragraph that stands out in the whole article...
 
syklee26 said:
it's just unbelievable how many stupid people invest their money in Apple stocks.

why da hell are they selling it when it's going to shoot up by the next financial data release date.

now I think I figured out how to invest in Apple stocks.

1. buy stocks after plummeting over 10% after quarterly result release.

2. buy stocks about 3 weeks before Steve Keynote

3. sell stocks on the day of keynote

4. sell stocks on the day of financial data release date.
Click to expand...
Its upsetting to think how much money I would have made if I followed your advice. I'm saving this note...
 
During the conference call, in response to a question about Steve's health, the only response was that its a "private matter" for Steve.

To me that sounded clear as day that Steve is ill but its up to Steve to tell people.

Hypothetically speaking... where would the stock end up if Steve left, for whatever reason. It seems to me that Apple is on such a strong course that its unbeatable in both the iPhone and Mac areas. So I think 2008 and 2009 earnings are pretty safe. Followon products and 2010 would be more uncertain.

So I would think Apple would still be an excellent stock even without Steve. It simply has too many things working well to say its all because of Steve.

But how far would it fall? There has to be a floor around there somewhere.
 
finnns2000 said:
does anybody read around here? steve's health is the primary reason. the man didn't look too healthy last month

http://www.forbes.com/technology/2008/07/21/apple-iphone-earnings-tech-enter-cx_bc_0721apple.html
Click to expand...

The Steve Jobs health story is [re]manufactured so that CNBC and the FT/WSJ (aka. Newscorp) can sell more ads. Financial soap opera hour...

The real news is always the financials. Despite the good news this quarter AAPL margins were weak and some are interpreting Steve's comments on using price to expand market share as a sign that such lower margins may be a sign of what's to come (add that to the fact that the iPhone 3G is sold out meaning lost/delayed revenue, people are getting free months of MobileMe, etc.). Companies with operational difficulties have a hard time operating in low margin environments and people see AAPL heading in that direction.

Plus... this is typical of AAPL after an earnings report.
 
TEG said:
It is just down in after hours trading, it will shoot up tomorrow when the market opens.

TEG
Click to expand...

So much for that theory.

I love the "stock experts" in these forums. People that have no idea about P/E ratios, built-in expectations, etc... Do yourselves a favor and never, ever, buy stock in anything.

That's just for the n00bs out there, I'm sure there's a few people reading these forums that actually understand the market somewhat. Maybe, uh, 2% of you.
 
tveric said:
...
That's just for the n00bs out there, I'm sure there's a few people reading these forums that actually understand the market somewhat. Maybe, uh, 2% of you.
Click to expand...


Whip 'em out boys!

Sounds like a financial analyst fight is about to break out, and nothing beats that (except maybe a cat fight on a hot summer night).
 
As of the close today, they're only down 2.5%. Despite last night's and this morning's fear and loathing, it seems that investors still realize the value of Apple.
 
And the important little message implanted yesterday amongst the guidance and earnings, about "new product development", has been sparking articles and talk up and down the street.
 
As always, where the markets are concerned, getting swept up in the emotion of the moment is a big mistake. Take a deep breath and focus on the horizon -- it probably will not have moved.
 
Thoughful

syklee26 said:
it's just unbelievable how many stupid people invest their money in Apple stocks.

why da hell are they selling it when it's going to shoot up by the next financial data release date.

now I think I figured out how to invest in Apple stocks.

1. buy stocks after plummeting over 10% after quarterly result release.

2. buy stocks about 3 weeks before Steve Keynote

3. sell stocks on the day of keynote

4. sell stocks on the day of financial data release date.
Click to expand...


You make a thoughtful suggestion if you consider doing it in a tax qualified account. The transaction cost and tax consequences at every turn need to be considered.
 
Not FSJ said:
You make a thoughtful suggestion if you consider doing it in a tax qualified account. The transaction cost and tax consequences at every turn need to be considered.
Click to expand...

And the fact that you are trading instead of investing needs to be considered. Anyone who trades on the confidence that something "always happens" is begging to get burned, because in the markets, nothing "always happens."
 
IJ Reilly said:
Most people who claim to understand the markets, usually don't.
Click to expand...

Yeh.... and they don't say nuthin' for awhile right after they take a bath in the results of overestimating their magical powers over market behavior.

Most of the people who badmouth Apple stock on the day financial results are released (or a new product rolls out) are just trying to drive the price down enough to let them buy another ton of it.
 
A few years from now, I will be sitting high up on a big pile of cash -- from my profit from investing in AAPL -- looking down at humanity and laughing at all its disgusting traits, and wearing my Jaeger LeCoultre tourbillon watch and looking back at all you lame financial-type wannabes in this thread.

The truth is it takes a man with balls the size of watermelon to invest in AAPL and hold and not sell just because some reporter somewhere thought Jobs looks sick.

Nothing is sicker than humanity.
 
You are dealing with anal-ists, so consider their mind set.

Apple doesn't play nice with Wall Street. Jobs can hardly hide his contempt. Anal-ists still think Apple is a cult run out of a garage filled with pot-smoking hippies

The whole health thing is bizarre and scares investors. "Health food" indeed. Of course, this has scared people and cost a lot of working people money if AAPL is in their retirement plan. Jobs could have prevented all this, but that is not his personality.
 
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