AAPL rose 13% to 110 yesterday, sitll worth buying for the rally? I can see it falling after today's announcement like it usualyl does.
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Apple Stock Tanks: Biggest Drop in Seven Years
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AppliedMicro
macrumors 68040
Sure. I'd guess "the truth" is somewhere in between 😉
Cause IP rights holders, e.g. the record companies would want to have a bigger slice of the cake. Most recent rumors on this are only a few days old:
http://blog.wired.com/music/2008/10/thursdays-copyr.html
The iTunes business is Apple's most vulnerable one, on the supply side. The main reason being: record companies and labels have a a "monopoly" on artists and songs. At least in "modern", popular music. If you want to sell a particular song, you'd have just one company you could get the required license from.
FastEddy
macrumors regular
" ... AAPL rose 13% to 110 yesterday, sitll worth buying for the rally? ..."
Nothing is every worth buying in a "rally" ... The market could turn and you could get burned.
Incidentally, a report should be sent to the forum admin regarding stock touts trying to get folks here jacked up about buying or selling stocks. I am sure wallstreetcrash's intentions are honorable, but don't count out that some here make money from churning the markets, not making investment suggestions.
My advise is: If you own it, hold it, if you don't and think you might want to buy some, consider it a total gamble and be prepared to lose it all ... This applies to any stock. The only sure investment is gold, the bullion, not the paper ... and that is not a perfect investment, either. 😱
View: http://finance.yahoo.com/q/bc?s=AAPL&t=3m&l=on&z=m&q=l&c= ... http://finance.yahoo.com/q/bc?s=AAPL&t=2y&l=on&z=m&q=l&c= ... See what I'm talking about? This is the second big dip in Apple stock in two years = these things come in waves of three ... 😱
Nothing is every worth buying in a "rally" ... The market could turn and you could get burned.
Incidentally, a report should be sent to the forum admin regarding stock touts trying to get folks here jacked up about buying or selling stocks. I am sure wallstreetcrash's intentions are honorable, but don't count out that some here make money from churning the markets, not making investment suggestions.
My advise is: If you own it, hold it, if you don't and think you might want to buy some, consider it a total gamble and be prepared to lose it all ... This applies to any stock. The only sure investment is gold, the bullion, not the paper ... and that is not a perfect investment, either. 😱
View: http://finance.yahoo.com/q/bc?s=AAPL&t=3m&l=on&z=m&q=l&c= ... http://finance.yahoo.com/q/bc?s=AAPL&t=2y&l=on&z=m&q=l&c= ... See what I'm talking about? This is the second big dip in Apple stock in two years = these things come in waves of three ... 😱
IJ Reilly
macrumors P6
If you believe a post violates the forum rules, report it.
If anyone seriously believes that they can influence the price of a stock like AAPL by commenting on this board, then they deserve what they get. Likewise, anyone who takes the stock buying advice of posters on this board also deserves what they get.
If anyone seriously believes that they can influence the price of a stock like AAPL by commenting on this board, then they deserve what they get. Likewise, anyone who takes the stock buying advice of posters on this board also deserves what they get.
What about if your buying for long-term?
EDIT: I can't help but help but LOL at the fact that this thread can actually affect the markets. The people coming on ehre will be buying shares in very small amounts, like 100max. The big players make the difference.
FastEddy
macrumors regular
wallstreetcrash: " ... What about if your buying for long-term? ..."
Go for it, whenever you have the investment ... IMOP Apple is a great buy at any number below $175, but then I've been wrong so many times before ... why, just last week ...
" ... I can't help but help but LOL at the fact that this thread can actually affect the markets. ..."
It does, but insignificantly ... just a few of us chickens and techies and Apple fans ... spreading our wish lists and rumors.
Go for it, whenever you have the investment ... IMOP Apple is a great buy at any number below $175, but then I've been wrong so many times before ... why, just last week ...
" ... I can't help but help but LOL at the fact that this thread can actually affect the markets. ..."
It does, but insignificantly ... just a few of us chickens and techies and Apple fans ... spreading our wish lists and rumors.
Not in this economy. Roubini is forecasting the worst recession in 40 years.
As far as economists go, he has been very accurate.
FastEddy
macrumors regular
market down today, early. AAPL and NASDQ tech stocks mixed, but relatively steady = http://finance.yahoo.com/q/cq?d=v1&s=aapl+intc+csco+goog
Cash & Cash Equivalents
For those posting that Apple's cash and cash equivalents would lose value may have been correct, however, with the recent quarters infusion of cash and cash equivalents is appears Apple's holding have increased from the previous quarters ~$21 billion to ~$25 billion. yowza, Apple is still on a roll.
Stock up slightly in overnight trading. Current P/E at about 19, which is still ridiculously low.
For those posting that Apple's cash and cash equivalents would lose value may have been correct, however, with the recent quarters infusion of cash and cash equivalents is appears Apple's holding have increased from the previous quarters ~$21 billion to ~$25 billion. yowza, Apple is still on a roll.
Stock up slightly in overnight trading. Current P/E at about 19, which is still ridiculously low.
HD303
macrumors regular
hehe It wasn't so great, but his point is valid I think. The market seems to be assuming the entire American consumer base is going to implode, Apple growth is going to go negative (not grow slower, but literally go negative), and they will just start burning their money (literally burning their money, not spending it).
I think Apple is really undervalued right now.
Not wanting to teach anyone to suck eggs, but you have to look at the general market moves when bemoaning falling Apple stock.
A lot of column inches are written about the demise of MSFT's share price in the past year, for instance, but it's really just tracked down the NASDAQ.
After a certain size these companies become bellwethers, and it takes grand success or failure (*cough* yahoo *cough*) to really get a divergence away from the general sector trend.
As for the long term, I adore Apple and its way of doing business, but I can't help thinking that's knitted up with Steve Jobs, who is many things but not immortal.
A lot of column inches are written about the demise of MSFT's share price in the past year, for instance, but it's really just tracked down the NASDAQ.
After a certain size these companies become bellwethers, and it takes grand success or failure (*cough* yahoo *cough*) to really get a divergence away from the general sector trend.
As for the long term, I adore Apple and its way of doing business, but I can't help thinking that's knitted up with Steve Jobs, who is many things but not immortal.
FastEddy
macrumors regular
A prudent investor will await until the whole market makes significant headway before buying more of any tech stock, Apple or other.
Granted $88 per is mighty attractive ... but then $77 is a distinct possibility as is $99 ...
Wishing, hoping and touting Apple stock here or elsewhere will not make the stock move up and a sudden surge / buying frenzy would only attract the short bears and greedheads on Wall Street. Apple is already a target for the Soros driven short sellers ... beware.
Things that might make the stock a better attraction would be * Next MacWorld show with interesting new product announcements, * a sign that Apple would use some of its surpluses in a buy back, * the President Elect were to make a market positive pronouncement (like a middle class tax cut immediately rather than a future promise), * the price of crude were to drop still further (and the Oilers were win the Stanley Cup), * Apple were to make a very good acquisition (buy Sun at a killer price?), ...
I'm a holder of Apple, but not a buyer just yet.
Granted $88 per is mighty attractive ... but then $77 is a distinct possibility as is $99 ...
Wishing, hoping and touting Apple stock here or elsewhere will not make the stock move up and a sudden surge / buying frenzy would only attract the short bears and greedheads on Wall Street. Apple is already a target for the Soros driven short sellers ... beware.
Things that might make the stock a better attraction would be * Next MacWorld show with interesting new product announcements, * a sign that Apple would use some of its surpluses in a buy back, * the President Elect were to make a market positive pronouncement (like a middle class tax cut immediately rather than a future promise), * the price of crude were to drop still further (and the Oilers were win the Stanley Cup), * Apple were to make a very good acquisition (buy Sun at a killer price?), ...
I'm a holder of Apple, but not a buyer just yet.