its bounce down a few times because of sell orders at $100, we call this resistance. Its now at $100.40, which means "resistance is futile" 🙂
People should be carefull near the event or at the event, it could sell off.
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Apple's Share Price Hits $100 for the First Time Since June Stock Split
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its bounce down a few times because of sell orders at $100, we call this resistance. Its now at $100.40, which means "resistance is futile" 🙂
People should be carefull near the event or at the event, it could sell off.
Col4bin
macrumors 68000
I don't have the historical data, but I think you're right. We've seen this every Fall leading up to iPhone launch. Then on launch day, APPL stock is down.
AAPL is up to 100.35. That stock I bought at 31 post split price is more that tripled. Add in dividends and I am happy, happy, happy.
Now 100.40.
100.43.
Now 100.40.
100.43.
Rocketman
macrumors 603
The foreign divisions holding the cash could purchase shares on the open market and hold them rather than cash until a policy change improved repatriation options. I suggested that in a couple of threads back when AAPL was under $500 pre-split ($71.43). That would not "take it off the market" until such time as it could be transferred to "treasury stock".
If the Treasury would exempt transfers of the company's own stock to Treasury Stock, from the repatriation rule, that itself would help a lot.
Rocketman
If the Treasury would exempt transfers of the company's own stock to Treasury Stock, from the repatriation rule, that itself would help a lot.
Rocketman
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dannyyankou
macrumors Pentium
But this article specifically says "since June stock split", not all time.
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Now 100.47!
IJ Reilly
macrumors P6
The iPhone 6 isn't just a rumor, it is widely anticipated. Beyond the generalities the markets don't guess well, so I don't think it makes much sense to predict that investors would be horrified if the new iPhone didn't include a particular feature, as nobody knows the market value of, say, sapphire displays. I also don't see much of the current run-up being based on wearables. Far too little is known about that product to model any earnings from it.
Col4bin
macrumors 68000
Exactly. I almost feel that analyst/investor expectations are often heavily influenced by the rumor mill Almost to the point that once the product launches, it's sometimes considered a let-down because it unfairly didn't live up to the purported rumors or public expectation.
Iconoclysm
macrumors 68040
What, exactly, doesn't point to this being the best product pipeline in 25 years? If you put all of the rumors together we are going to see a vastly improved iPhone, possibly the most improved since the iPhone 4 came along...an Apple TV that acts as a true iOS device...a "watch"...a MacBook Air with a retina display...a giant sized iPad...all of Apple's biggest selling products appear to be getting a major update as well as a new product category.
Even if they all flop, or if a couple don't exist...again, how would they not look like the best product pipeline someone in Apple has ever seen?
Really a brilliant stock split. 1 for 7, such that 100 is pretty close to the previous Apple high above 700.
Rogifan
macrumors Penryn
I can't remember the last time Apple had an event where the stock was up on the day. It's usually either flat or down. At least this year there is no silly rumor mill nonsense about a cheap iPhone to drag the stock down. Of course the chattering classes are still obsessing over the need for a cheap iPhone.
People are finally used to Steve Jobs not being there, and are realising it isn't a one man show.
Rocketman
macrumors 603
Yes there was a spike at 100 in volume. There was also a sufficient drop in price that many of them were market orders not limit orders. APPL will break out above prior resistance at 705 (100.71). So far intra-day it has touched 100.50. Expect a push up rapidly after it breaks resistance.
Rocketman
"You can look for this." - Larry Brown
You hit the nail on the head in my opinion. Looking back at historical pricing around launch time, the price tends to go down after products are released. Some claim it is because the impact of the new products are already factored in.
I just bought a (to me) large quantity of apple shares to hold for a while. With these recent gains, my instinct is to sell, capture gains, and get back in on a dip. But I do think apple is still ripe for growth. So I am going to hold.
Investing and not trading is a new thing for me. Only done it once before.
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I dont like a number of things Apple has done recently. Or at least I should say I do not have information to lead me to understand what and why they did some things.
But with the amount of cash they have on hand, they should never be underestimated.
IJ Reilly
macrumors P6
I can. Investors loved both the original iPhone and iPad introductions. In any case it doesn't make a whole lot of sense to look at any stock's behavior over such a short span of time. In terms of how the markets are valuing any particular announcement I would use a bracket of not less than two weeks, one week before and one after.
Trapezoid
macrumors 65816
Agreed, I dont know much about trading but to watch a company pretty much print money and then say they are going to fail because of their stock price is beyond stupid.
Heavenly
macrumors member
Yep, there was a huge volume spike when AAPL hit $100 because the buyers had to clear a share wall of around 1.7 million shares at the $100 Ask:
PocketSand11
macrumors 6502a
Finally an article about AAPL stock that doesn't have people complaining about Wall Street hating "APPL" or how investors contribute nothing to society and manipulate the proletariat. It's been a while 😉
Apple the company is not AAPL the stock. A fact so many either forget or refuse to understand.
Perhaps the OP was making a comment based on the rhetoric in almost every interview/article with Cook/team that Apple's product pipeline is 'chock full' of "'incredible stuff'"