Apple Stock Rebounded Monday to Record Biggest Single-Day Move in 11 Years

[citysnaps]

Hope everybody who was capable bought on the dip.

I purchased a bit.

 

[techno-Zen]

LOL pretending that was the bottom.

 

[Somian]

Great. And Robinhood was down so a lot of people couldn't take advantage of that.... it’s still down… Time to get a proper investment brokerage that isn’t an unreliable toy.

 

[fhall1]

“Oppenheimer raised its rating on Apple stock from ‘outperform’ to ‘perform.’” Wait, isn’t outperform better than perform? Either Oppenheimer lowered its rating or the two terms are the wrong way around.

Came here to say the same thing.

 

[techno-Zen]

Great. And Robinhood was down so a lot of people couldn't take advantage of that.... it’s still down… Time to get a proper investment brokerage that isn’t an unreliable toy.

Ain't that the truth.. hope that's the end of Robinhood

 

[kaycrystal626]

Good luck to trade if you are using Robinhood!

 

[praetorian909]

Not sure if I believe Apple is more prepared to absorb the China factories stopped/slowed production. Maybe more like their consumers (myself included) are more inclined to wait and not jump ship to a competitor.

 

[macduke]

Dang, I almost bought for the bounce. This virus crap is tricky to predict.

 

[outskirtsofinfinity]

No wonder China is getting the virus under control, the govt treats the Chinese people as livestock. Timmy of course couldn’t care less.

A very good WSJ article out today:

Attention Required!

 

[Baymowe335]

awesome! when can we see 10.15.4 Catalina so some of these bugs can be fixed? back to the Mac now that iPhone production has slowed.

This thread is about stock prices.

 

[Fried egg on toast]

A lot of dead cats were bouncing lol. Time will tell. The longer it is before 'the big crash' the worse it will be

 

[Baymowe335]

A very good WSJ article out today:

Attention Required!

What‘s the point of the article? Apple just posted the best quarter in corporate history and is restarting production after a short slowdown in manufacturing. The strategy has made it the most profitable company in the world and the most valuable.

Apple knows the risks, but it’s been overwhelmingly worth it and continues to be. Apple has diversified its supply chain a lot, but Coronavirus isn’t going to derail the supply chain longer term. Apple is just as important to China as the other way around.

They are going to pump out these devices and will continue to do so.

 

[2984839]

It makes sense that everyone's stock will rebound once people actually start thinking. Coronavirus fears are probably the dumbest reason I've ever heard for panic-selling stock.

 

[SSDGUY]

All of my current projects (video, product packaging, etc) for one of my clients who manufactures products in China just got put on-hold as they are scrambling to navigate big increases supply chain spending. I have a hunch we're in for more upheaval in the coming months as this thing trickles down.

 

[falainber]

With the way events are developing (China getting the epidemic under control relatively quickly and other countries not, at least not yet), perhaps China is the best location for outsourcing. At least until US government escalates the confrontation with China.

 

[44267547]

It makes sense that everyone's stock will rebound once people actually start thinking. Coronavirus fears are probably the dumbest reason I've ever heard for panic-selling stock.

I haven’t crossed one person who sold _any_ stock due to the outbreak. If anything, right now is the time to buy stock versus sell. I think for those who are selling their stock, are freaking out because they don’t have any guidance of what to do in the first place. The Important thing to know, everything will rebound back to normal, it’s just a matter of time of when this situation subsides.

 

[falainber]

I haven’t crossed one person who sold _any_ stock due to the outbreak. If anything, right now is the time to buy stock versus sell. I think for those who are selling their stock, are freaking out because they don’t have any guidance of what to do in the first place. The Important thing to know, everything will rebound back to normal, it’s just a matter of time of when this situation subsides.

Those who sold at high obviously can buy lower (now or later). Nothing wrong with that. One can't say that selling is an unconditionally bad idea.

 

[I7guy]

Those who sold at high obviously can buy lower (now or later). Nothing wrong with that. One can't say that selling is an unconditionally bad idea.

Unconditionally as in never say never? Sure. But if you’re long then I would stick it out, IMO.

 

[ipponrg]

Those who sold at high obviously can buy lower (now or later). Nothing wrong with that. One can't say that selling is an unconditionally bad idea.

Yeah agreed. I think it's a good time to gamble on increasing your positions.

Apple stock though is so volatile that you can make gains if you are not attached to the shares. I've had my triggers fire on the ups and downs the last day, and I have more shares than before.
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Unconditionally as in never say never? Sure. But if you’re long then I would stick it out, IMO.

If you actually make a profit, it's never a bad idea. Otherwise, it's just paper money. I agree though... I wouldn't sell all.

 

[falainber]

Unconditionally as in never say never? Sure. But if you’re long then I would stick it out, IMO.

That's a difference between investing and trading. Both have their roles.

 

[I7guy]

That's a difference between investing and trading. Both have their roles.

That’s the difference between managing your wealth and churning. Both are equally valid.

 

[Solomani]

Two things from this:

1) AAPL is still a resilient stock. It can take big blows, but it can bounce right back.

2) COVID-19 problem isn't going away any time soon.

 

[sideshowuniqueuser]

It's a dead cat bounce.

Could be. If CV goes nuts through the US, then it will drop again. But eventually the virus will run it's course, or people will stop caring about it as they realise it isn't killing as many people as normal flu, factories will reopen, and we will see new all time highs again. So any "buy the dip" will play out well in the long run.
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Do you write this comment about ‘Timmy’ on all the other tech forums for Samsung, Sony, dell etc etc etc or are the ‘evils’ of the Asian workplace solely the responsibility of ‘Timmy’ ?

Nah, just Timmy, he's such a doosh

 

[ulyssesric]

What‘s the point of the article? Apple just posted the best quarter in corporate history and is restarting production after a short slowdown in manufacturing. The strategy has made it the most profitable company in the world and the most valuable.

That article means: "I hate China and you should hate it too."

 

[sideshowuniqueuser]

There's an old saying, don't try and catch a falling knife. Unless you short selling it would be silly to think this isn't going to come back down hard. The market crashed because of Italy's lockdown last week. If U.S. or UK goes into lockdown this is going to plummet. Thats when you want to buy. Buying last week is like buying a gucci jacket on slight discount. It's not actually on clearance yet.

Yeah sure, but on a spike down like this on news that isn't a fundamental weakness, the spike back up again when the news has cleared can be just as sharp. Sure, this will be a rolling issue with potential for more spikes even lower, but eventually it will settle and reach all time highs again. So a sound strategy in this case is to buy any dip and hold, or multiple buys on multiple dips. Just as long as you're not trying to do it on CFD's or a margin loan, then the falling knife issue isn't a problem.