I sold short at $194 and covered thir morning at $101gonna go out and celebrate later and i'll be upgrading to a macbook pro when the new revisions come out
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Apple Stock Tanks: Biggest Drop in Seven Years
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Good time to buy if you follow the age old advice of "Buy low, sell high". Look how much analysts opinion has power. Those silly lemmings... I am planning on buying at least three Apple products in the next 90 days: upgrading my iPhone, getting my son a new iPod Touch, and most likely the new MBP in October. Besides, Apple is not a discount gadget maker. They make sexy devices that people stand in line for days no matter what the price.
SJ hinted at market manipulation in a recent interview (or as well as he could without getting into trouble for making accusations without evidence).
The last economic downturn (2000) saw Apple aggressively invest and innovate in portable technologies, particularly with their Notebooks. It is a golden opportunity while competition is cutting back and laying off jobs.
I expect them to do exactly the same this time round, considering how richly it paid off for them last time round.
Buy Now, Buy A Lot
This is a hint: When Apple soars past estimates you'll wish you bought in today.
This is a hint: When Apple soars past estimates you'll wish you bought in today.
It is just easier for the rest of the world to blame the U.S. for everything that goes wrong instead of looking in their own backyard.
Does any note the irony of a company in serious financial failure downgrading a company in the strongest financial position in it's history.
How can Morgan Stanley who had a 42% drop in shares just this month requiring a massive bail-out seriously downgrade Apple, and people take these downgrade seriously?
If anyone in the US needs to see why their share-market is a little screwy. This is hilarious. If I had Apple shares and Morgan Stanley came out with that statement, I'd be buying Apple stock.
How can Morgan Stanley who had a 42% drop in shares just this month requiring a massive bail-out seriously downgrade Apple, and people take these downgrade seriously?
If anyone in the US needs to see why their share-market is a little screwy. This is hilarious. If I had Apple shares and Morgan Stanley came out with that statement, I'd be buying Apple stock.
Yes, you're correct. Many PC OEM's need to sell the latest and greatest as low as possible.
Yes, you're correct, Apple will probably ship more Macs this year than ever before.
First of all, I never said Apple wasn't doing great. I think they are, and they can do better. Unlike people such as yourself, I am able to recognize where a company could also be doing better.
I'm not suggesting Apple cut their prices to match Dell's margins.
You do realize that the cost for computer parts are falling? Apple has the ability to lower the price and maintain high margins, and attract others to the brand. (maybe even drop margins a bit more to bring over as many as possible?)
You do realize that I'm not the only one who sees these downfalls? I know many on this board constantly speak bad about analysts and what they say, but you do realize that many of the times they are correct? Apple doesn't have to give up their business strategy and pricing to gain a much larger market share. They do need to stop with the events over-hyping everything. My interest in Apple doesn't go back 32 years or however long, but I am smart enough to realize that Apple has some qualities that could be improved on.
As I said in my post, I think this downgrading could've been prevented if Apple would've released the laptops earlier. But then again, as you said I don't make those decisions. You're right. I'm sure stockholders are very happy with whoever is doing that job and how the downgrading occurred on the same day as another huge loss.
--Edit--
I know I'm getting off topic and apologize. I'm just trying to say I understand why they are downgrading. Not that I want it or am asking for it...I just can't argue with it and am suprised that people speak badly of these guys when they are proabably correct. That is all.
Elaborate? BRlawyer is correct in what he's said. Foreign people can and do understand markets abroad; that comment is entirely baseless.
Other countries most likely shouldn't have exposed themselves so heavily to the US, and the fault there lies with those countries. But the problems did begin in the US. There's no need to be defensive about it, however.
While wikipedia wouldn't be top of the list for quotations, it does explain how this came about in simple terms
It started in the US, and carried on abroad, ostensibly.
um newbie or not....he has a point
steve jobs is a *bleep* and um notebooks need to be upgraded they are behind. please steve...i can get a 1600 buck notebook to waste you mbp...but i want a mbp so hurry up and upgrade allready
Newbies make me lol.
steve jobs is a *bleep* and um notebooks need to be upgraded they are behind. please steve...i can get a 1600 buck notebook to waste you mbp...but i want a mbp so hurry up and upgrade allready
MoStan was hoping they could help themselves to discounted servings of APPL pie.
MSFT, CSCO, IBM off in the 4-8% range
AAPL off around 20%
GOOG off around 33%
Maybe it is just the market correcting the pricing of over priced/hyped stocks. During times like this people tend to look harder into the stocks to find value. Not suggesting in any way that Apple itself is performing badly but the stock market goes all giddy over them and the stock skyrockets, now the market is realizing that they kinda sorta over did it a bit. Same goes for Google.
One of the issues being sites in some of the reports I did see was Apple's lack of products in the sub $1000 computer market. People aren't going to go and buy luxury goods at times like now unlike when the economy is booming and money is flowing easily.
If money is tight and you have to get a new computer, Apple is not a small outlay of cash, especially in a market where the computer you buy today was technically obsolete yesterday. People will lean more towards the lower cost products now and look to replace them in two years or so when things are (hopefully) much better.
Dollars and (common) sense (cents) will rule for a while, Johnny can wait a while to get a new iPod and make better use of the features, ie he doesnt need 15,000 songs with him every moment of the day when 7,000 is more than enough of a selection. Susie can keep using the lapto we got her last year for school work and just be more patient of some programs loading slow. As for Billy, we have to get a pc at home for his school work but we will need to keep the cost down for now.
Apple will still produce great products and desirable ones too, the question will be whether or not people are willing to open up their wallets. Sony is in the same boat when it comes to their laptop line, very little in the lowend price ranges and most of the products above $1000.
Why do you some of you take it so personally when an analyst thinks negatively of Apple's future? Tthe immediate knee-jerk reaction is to dimiss their work as ludicrous because their employer isn't doing well? I'd rather take the advice of an experienced analysts than a bunch of fanatic shareholders.
There are several variables to consider here:
1.) Apple having to lower their prices to stay competitive has many estimating lower profits.
2.) No new blockbuster products that will compel consumers to shop during a downturn
3.) Apple is considered a boutique computer retailer. Pricey retailers are all taking a hit. People will be less inclined to spend the extra on comparative products
4.) Apple is doing well now but their guidance coupled with troubled economy doesn't spell optimism for the future
There are several variables to consider here:
1.) Apple having to lower their prices to stay competitive has many estimating lower profits.
2.) No new blockbuster products that will compel consumers to shop during a downturn
3.) Apple is considered a boutique computer retailer. Pricey retailers are all taking a hit. People will be less inclined to spend the extra on comparative products
4.) Apple is doing well now but their guidance coupled with troubled economy doesn't spell optimism for the future
Interesting post; is it possible, though, given Apple's customer demographic and product pricing, that it'll suffer less because many of its customers are fairly affluent?
As an analogy, you'll find the Bentley and Princess dealerships have barely registered a credit crisis, because their target market are affluent enough that it won't affect them. Obviously, that's an extreme, but you get the idea - a percentage of Apple' customers won't be affected, or will be affected much less than other companies putting out lower priced alternatives. Of course, the higher price - and lower number of units sold - could offset any potential benefit.
Just a thought?
I think it is a pretty good reduction based on my personal opinion of apple's year.
With the massive bugs, problems with the iPhone, quality of products and the lackluster release "events".
If they can get their products back up to the quality standards their customers expect, they may do better.
Not to mention price the MBP's even slightly within range of its hardware.
With the massive bugs, problems with the iPhone, quality of products and the lackluster release "events".
If they can get their products back up to the quality standards their customers expect, they may do better.
Not to mention price the MBP's even slightly within range of its hardware.
Since this is a liquidity crisis, what happens is investors are forced to sell their strong holdings (AAPL has kept most of its value), to cover margin calls on stocks that have lost most of thir value.
Accumulate AAPL. Buy 50-100% more puts than stock you have.
Rocketman
I too was unhappy with what I saw today (in my portfolio), but I decided to pick up a few more in the $106 range, Apple isn't going away anytime soon. I chose to keep the faith, Apple will be getting a few more grand out of me before Christmas.
BTW, I have NEVER sold an AAPL, I buy in long... 
BTW, I have NEVER sold an AAPL, I buy in long...