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Apple stock tanking :-0
- Thread starter Apple Corps
- Start date
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Buy low, sell high. I am willing to bet that if people buy now, they will be happy when April 1st comes around and the stock is back up again due to the announcement of some new products (MacBook, MacPro, iPhone, iGame?)
I knew I should have sold at $85. Oh well thats the stock market game. If it ever gets that high again you can bet on me selling it.
cycocelica said:
Yeah. My AAPL sale will be paying for my MacBook Pro, or at least most of it. Today and yesterday's bumps were pretty nice, if I do say so myself. I'm pondering selling it around $70 per share, maybe a little more.
Well I took the extra plunge today - the latest price target "guesses" are in the $95 - $105 range. My guess is that a price of $100 per share could be achieved IF the next event is really GAME CHANGING.
As has been mentioned by many - I may love the brand / company but will only date and party with the stock
Might I be tempted to sell at $85 - yes. but GREED will probably prevail when the next big run-up starts.
As has been mentioned by many - I may love the brand / company but will only date and party with the stock
Might I be tempted to sell at $85 - yes. but GREED will probably prevail when the next big run-up starts.
maestro55 said:
I bought 10 shares last year before the split; I'm at 20 now. I don't trade AAPL often, nor do I frequently trade any other stocks; I just enjoy watching my amount of money increase.
I have a few other stocks, but not much else. AAPL, in my opinion, is fairly solid and will keep going up in the long run. Once I sell this much and use it, I might by some more if it goes down for a while.
Apple Corps said:
The targets were at $105 back when the stock was at $85, too. Here's hoping it goes back up, but I'm still on the sidelines for now.
cycocelica said:
I did. I then bought it at $68 to complete the trade and made a nice sum of cash thanks to AAPL's woes.
~Shard~ said:I did. I then bought it at $68 to complete the trade and made a nice sum of cash thanks to AAPL's woes.
damn you
its too late to buy apple, if you want to buy it, you should have last year when it was in the 20-30
jhu said:
It would seem like they sold all their stock, then bought back the equivalent of what it had originally cost, so they basically reaped the profits while "keeping" the same initial amount of shares.
You guys tend to associate the wrong things with the stock price. The market doesn't really care when or how you announce products, they care what you announce (intel mac mini was a big enough deal) and the sales of that item. The market wasn't reacting to a dissapointing event, it was as everyone said overvalued. Is the market expecting a big april event? NO. Don't over think the events, with the MWSF as an exception, the stock always goes down no matter what they announce even if they're making a great move in the right direction. They care more about itunes than osx and macs in general. You have to understand the market a little bit more if you want to be invested in any stock. I don't own apple stock and I don't plan to, its also not I would react to minor changes < $1.50 in this case because they won't really amount to much so don't overreact.
asherman13 said:
No, actually Wild Cowboy is correct, I shorted the stock. I have a margin account, I might as well use it after all...
From MacMinute ths morning:
New Ratings: 'Apple Computer overweight'
March 17 - 09:47 EST A report on New Ratings today reports that analysts at Morgan Stanley published a research note today maintaining an "overweight" rating on Apple with a price target of US $90. "The analysts mention that the current weakness in Apple Computer's share price, on account of data related to the company's component supply chain and point-of-sale, is overblown," notes the report. It does mention, however, that "the February NPD point-of-sale data does not reflect initial robust shipments of Apple Computer's MacBook Pro and/or sell through of the new Mac Mini."
kwyjibo - the catalyst for my starting this thread was a $21 (25%) decline in Apple stock price over the past 10 weeks - $1.50 +/- would be a small fluctuation I agree. We are already underwater on our new purchases.
An announcement regarding feature film / studio contracts / downloads and a new, true vPod is what I am counting on this go round. We are all in the same guessing boat @ $64 / share - buying opportunity or ..........?
New Ratings: 'Apple Computer overweight'
March 17 - 09:47 EST A report on New Ratings today reports that analysts at Morgan Stanley published a research note today maintaining an "overweight" rating on Apple with a price target of US $90. "The analysts mention that the current weakness in Apple Computer's share price, on account of data related to the company's component supply chain and point-of-sale, is overblown," notes the report. It does mention, however, that "the February NPD point-of-sale data does not reflect initial robust shipments of Apple Computer's MacBook Pro and/or sell through of the new Mac Mini."
kwyjibo - the catalyst for my starting this thread was a $21 (25%) decline in Apple stock price over the past 10 weeks - $1.50 +/- would be a small fluctuation I agree. We are already underwater on our new purchases.
An announcement regarding feature film / studio contracts / downloads and a new, true vPod is what I am counting on this go round. We are all in the same guessing boat @ $64 / share - buying opportunity or ..........?
I just bought 4 shares at $64. Buying them because i think apple will become a major media player in the future with video delivery services.
Flyinace2000 said:
4 shares?!? So you realize that even if the stock goes up 50% to $96 (which would be amazing) you'll only make ~$100 after commissions?
I understand if that's all you can afford, fine, but really, that isn't very practical when it comes to trying to profit from the stock market. I'll buy in lots of 100 when I buy stocks in AAPL's price range, so that if the stock even moves juts a few dollars I can realize some decent profits, just like I did with my short sell a while back - I made $17/share in a few weeks when it dropped from $85-$68.
Currently I'm thinking of popping back in pending the April 1st news, and if I do, it will most likely be for a couple hundred shares...Don't take the above as an insult, just take it as an experienced investor explaining the pacticality of buying such a small number of shares in a company.
Yeah, if you can't put at least close to $1000 into a stock, the commissions will suck your profit dry unless the stock goes through the roof.
WildCowboy said:
Absolutely. If you only have a few hundred dollars to invest, I would recommend that the stock market is not the place for you to be putting your money.