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Apple Corps said:
Steve exercised options / sold:

4.57 MILLION shares of Apple stock a week or so ago at around $66 - hmmmmm :eek:

This news is being discussed in at least two other threads. He sold to cover a tax bill which came due when the options vested.
 
Goodreasons for low stock prices

Apple Corps said:
Any ideas as to what may be behind Apple's tanking stock price? ... the stock has been in decline from the $85 or so high in January DOWN to $63 today:eek:

It's really, really simple. No one in their right mind is buying Apple computers right now. The Intel models can't run anything except iLife and the G4/G5 are a dead end. All of their potential customers are in a holding pattern waiting for the Intel transition to finish I'm one of those who is waiting for Adobe to finish up their universal binaries and for a Rev B iMac with the speedier CPU that I'm sure will happen in late 2006 or early 2007

As for iPods they are expensive they may have already sold an iPod to everyone with an extra $300 or $400 in their pocket. A large majority can't aford the current price.

The people buying stock may have just figured all this out.
 
Apple Corps said:
Investing, trading or gambling - whatever.

Going back to the genesis of this thread - why is Apple stock tanking??? We are now down to $59.96 a share - quite a large correction since January highs of $86. That is a 30% dive in a little over 10 weeks without any clear "bad news". I thought the intel transition, media positioning, operating income and general momentum all pointed towards much better price support for the stock than we are seeing.


my guess is apple has lost the never ending media spot light. The mass media just does not really care very much about them any more and so that massive media hype is going away causing the stock price to fall from there massivilly over valued to down to about what they should be. It should level off pretty soon and it around where it should be valued at.
 
IJ Reilly said:
Then we've got a lot of mental illness around here.

well, three out of four people aren't crazy. look around you. if 3 of your friends aren't, then you're it!
 
The roller coaster ride continues: $59 > $71.80 = 20%+ gain.

$90 price targets are still floating around in the latest analyst comments, haven't seen many of the $105 target price comments lately:rolleyes:

So - dust off the ouji boards - where are we going over the next 90 days or so?
 
Apple Corps said:
The roller coaster ride continues: $59 > $71.80 = 20%+ gain.

$90 price targets are still floating around in the latest analyst comments, haven't seen many of the $105 target price comments lately:rolleyes:

So - dust off the ouji boards - where are we going over the next 90 days or so?


Profit takers will induce a sell off. :cool:
 
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