I.J.--
I'm not suggesting that you or anyone else follow my lead on that, just expressing my sentiments. A higher present offer or shorter time on the sidelines would change the calculus, but I would want back in.
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Apple Stock Tanks: Biggest Drop in Seven Years
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I.J.--
I'm not suggesting that you or anyone else follow my lead on that, just expressing my sentiments. A higher present offer or shorter time on the sidelines would change the calculus, but I would want back in.
Well said!
It's refreshing to hear some rational thought injected into the discussion.
Granted, but the question becomes, how many times are you willing to get burned? At some point your tolerance for becoming bug splat on the windshield of the markets wears out. This tolerance is going to decrease with age, if only because you have less time to wait for recovery and more experience which argues against the likelihood of recovery coming. Get back to me when your investments are wiped out a few times. Trust me, each time this happens it gets progressively more difficult to convince yourself that the markets are any place for the individual investor.
Apple isn't the only thing tanking, the entire world's economy is going down the toilet thanks to 8 years of neglect and bad policies.
I bought my Apple shares when they were $10 a share, so, I don't consider this a bargain.
I bought my Apple shares when they were $10 a share, so, I don't consider this a bargain.
No it isn't.
It's just the US economy and that of those countries whose governments were greedy and stupid enough to shackle their fortunes to the biggest bully in the global playground.
You guys think its a good time to invest in AAPL right now? I'd imagine that the stock isn't going to rocket upto $170/per share in the very near future. The only thing I can see happening is the stock(s) going even further down... but I am considering purchasing a small amount of shares in Apple.
I thought APPLE sales were still growing-maybe at a a lower rate, where PC sales are plunging. The PC market is getting oversaturated. And people are hating Windows even more
PC buyers tend to be J6P who are probably now out of a job thanks to Helicopter Ben. APPLE buyers are of higher incomes and are not feeling the pinch as much yet.
And yes let call a spade a spade-we are in a depression-which could get a LOT worse-there are still many big banks and financial houses both here and in Europe that are teetering-and will take others down with them.
Ive read several BBs Blogs and Financial & RE sites that talk of a coming Tsunami of 'vapor worth' DERIVATIVES about to hit:
ONE QUADRILLION DOLLARS worth... if true-mindboggling
PC buyers tend to be J6P who are probably now out of a job thanks to Helicopter Ben. APPLE buyers are of higher incomes and are not feeling the pinch as much yet.
And yes let call a spade a spade-we are in a depression-which could get a LOT worse-there are still many big banks and financial houses both here and in Europe that are teetering-and will take others down with them.
Ive read several BBs Blogs and Financial & RE sites that talk of a coming Tsunami of 'vapor worth' DERIVATIVES about to hit:
ONE QUADRILLION DOLLARS worth... if true-mindboggling
I'm unimpressed by this commentary. Of course the slowing economy will have an impact on Apple's sales, just it will on every consumer products company, and Apple is required to disclose this forecast in their financial statements. In fact, "material adverse effect" is language right out of the disclosure regulations, not something "new" and "stark." The question should be whether this slowdown warrants the stock price being cut nearly in half. I might be impressed with a commentary which explains this, one way or another.
Well, the point of this particular article was to show that Apple had themselves warned about a possible drop in consumer spending as early as July... I, too, would like to see more written about what yesterday's downgrades warranted a 20% drop in share price, but there doesn't seem to be many folks wishing to explain that.
Apple has been saying this since January at least. Nobody in their right minds was expecting consumer spending to hold up -- this has been factored into the markets all year. Still AAPL was selling close to $180 only a few weeks ago, with a trailing P/E in the mid-30s. Now it's only worth 20 time current earnings? That's the drop I'm talking about (even without even going back to late last year). That's a forecast for disaster, not a drop.
Probably, nobody wants to explain it because they really don't have a clue.
a
It's not complicated. The downgrades were by crooks and idiots. RBC spun Changewave's data in a negative way to reach it's conclusion. MS analyst has one of thE very worst records on the Street. She absolutely never gets aapl right. It was a choreographed takedown. Some people made a lot of money yesterday, and not because they're smart or lucky. The system is corrupt. Just look at what the SEC said recently.
It's not complicated. The downgrades were by crooks and idiots. RBC spun Changewave's data in a negative way to reach it's conclusion. MS analyst has one of thE very worst records on the Street. She absolutely never gets aapl right. It was a choreographed takedown. Some people made a lot of money yesterday, and not because they're smart or lucky. The system is corrupt. Just look at what the SEC said recently.
as a technical stock trader, the charts are all screwed up and Apple really broke support at 120 in a big way. today it did a dead cat bounce but if the market fundamentals don't get better the next support level is around the high 80's - and that is very weak. i had to stretch the chart out over 2 years just to get a grasp. the charts for google isn't faring to well either. 
as a technical stock trader, the charts are all screwed up and Apple really broke support at 120 in a big way. today it did a dead cat bounce but if the market fundamentals don't get better the next support level is around the high 80's - and that is very weak. i had to stretch the chart out over 2 years just to get a grasp. the charts for google isn't faring to well either.
Do you think a technical outlook will work in times like these? I think during the last couple of months we have seen that anything is possible and that you can forget about technicals.
That being said during times like these i would only day trade.
Technical analysis is advanced number crunching. It's got no root in any other reality.
Of course you did.
_________________________
Back to the real world:
The charts show next downside support for AAPL in the 85-95 range (congestion from late 06 - early 07).
Now's the time to buy I think.
The share market is driven by sheep who don't think. Oh and short traders who spread rumours just to make a cool million or two
Anyway while we are burning our furniture for heat and drinking instant coffee with fingerless gloves on our hand as the neighbourhood is looted we will need ipods to soothe our nerves and remind us of when we had homes...
People it will be OK, no depression, China is Booming and they have spare cash to float the world . Have you ever been there? I have just come back and it was staggering. Forget third world vast modern cities, magnificent skyscrapers, more industry in a square KM than most nations.
In Australia we seem OK, mortgages or loans were not dangled infront of people with no hope of paying but with the hope their homes would go up-to pay off the mortgage. That was criminal and masterminded by the American Government to create a non sustainable very bursteable property bubble.
America for all our sakes don't vote in Macain , PLEASE we beg you.
Trust your instincts and don't trust a stockbroker.
The share market is driven by sheep who don't think. Oh and short traders who spread rumours just to make a cool million or two
Anyway while we are burning our furniture for heat and drinking instant coffee with fingerless gloves on our hand as the neighbourhood is looted we will need ipods to soothe our nerves and remind us of when we had homes...
People it will be OK, no depression, China is Booming and they have spare cash to float the world . Have you ever been there? I have just come back and it was staggering. Forget third world vast modern cities, magnificent skyscrapers, more industry in a square KM than most nations.
In Australia we seem OK, mortgages or loans were not dangled infront of people with no hope of paying but with the hope their homes would go up-to pay off the mortgage. That was criminal and masterminded by the American Government to create a non sustainable very bursteable property bubble.
America for all our sakes don't vote in Macain , PLEASE we beg you.
Trust your instincts and don't trust a stockbroker.
as a technical stock trader, the charts are all screwed up and Apple really broke support at 120 in a big way. today it did a dead cat bounce but if the market fundamentals don't get better the next support level is around the high 80's - and that is very weak. i had to stretch the chart out over 2 years just to get a grasp. the charts for google isn't faring to well either.
ROTFL
Here's an abercrombie post from 3 weeks ago:
"as one of the po' folk here that can only afford a couple hundred buck apple nano, or a $500 low end windows laptop, i don't mind if they don't announce any new computers."
Here's something you should remember, boys and girls: Never listen to stock tips from your taxi driver, waiter, cnbc analyst, or wh8re in bed with the hedgies. And listen to "technical analysts" parroting street language who can't afford more than one share of stock at your own peril.
as a technical stock trader, the charts are all screwed up and Apple really broke support at 120 in a big way. today it did a dead cat bounce but if the market fundamentals don't get better the next support level is around the high 80's - and that is very weak. i had to stretch the chart out over 2 years just to get a grasp. the charts for google isn't faring to well either.
Here's another:
"i see at the apple store they're selling the refurbished nano 3rd generations for $99. a few weeks ago they were $129. what do you guys think? i still have my 2nd generation but i do want video. and are the 4th generation so much better that it commands the extra price? i thinking of pulling the trigger."
Asking for nano refurb buying advice and then giving out technical stock trading advice. Sheesh. Bull$hi++ing is one thing, but providing "advice" which someone who doesn't know any better might actually believe is another. I'm in the game with real money and if I didn't have such an extremely large position already, I would be buying (in part because I know the misinformation/disinformation which at least played a part in the takedown), but I'm certainly not suggesting anyone else do so. DYODD.