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Apple's Stock Down 8% Since Reaching All-Time High Last Month

Not surprising.
We already knew this would happen a week ago because as the article mentions, Andy Hargreaves gave his recommendations for gaming the system.

In a few months it will be back up and much higher than ever.
 
djcerla said:
Stock market is not for weak hands.

Doing your homework and buying only when the sheep selloff is key.
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There's no right time or wrong time. You are at the mercy of the biggest players.

The open secret is that almost every share price is a complete fabrication. They fabricate share prices based on forward earnings not true present value. There's no industry standard rule on much forward earnings to include include. 1 quarter? 1 year? 5 years? It's equal to looking in a crystal ball.

And then you have those con men drawing lines all over charts as if they can predict future prices based on past trends. Complete pseudoscience and guessing. The top dogs dumped it years ago.

Don't get me started on evaluation of cryptocurrencies. I own Eth and the massive rise recently is a crock. That sector needs regulation fast before crooks milk many people.
 
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SoyCapitanSoyCapitan said:
There's no right time or wrong time. You are at the mercy of the biggest players.

The open secret is that almost every share price is a complete fabrication. They fabricate share prices based on forward earnings not true present value.
Click to expand...

In the long term, valuation always becomes realistic and tied to real world performance.

Pick your horses carefully, forget them and let them run for years and years.
 
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SoyCapitanSoyCapitan said:
There's no right time or wrong time. You are at the mercy of the biggest players.

The open secret is that almost every share price is a complete fabrication. They fabricate share prices based on forward earnings not true present value. There's no industry standard rule on much forward earnings to include include. 1 quarter? 1 year? 5 years? It's equal to looking in a crystal ball.

And then you have those con men drawing lines all over charts as if they can predict future prices based on past trends. Complete pseudoscience and guessing. The top dogs dumped it years ago.

Don't get me started on evaluation of cryptocurrencies. I own Eth and the massive rise recently is a crock. That sector needs regulation fast before crooks milk many people.
Click to expand...
The stock prices are based on what people are willing to pay for the stocks. Stocks should be valued based on how much cash they are projected to make in the future. This is how business is done in general. I'm not sure why that is a bad thing honestly. You can make informed guesses but that's really all they are informed guesses.

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Col4bin said:
Care to explain?
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It means that the opinion of the incoming iPhone sales projection is already in. Investors use all this information when assessing the price they are willing to pay for a stock.
 
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Good reason to hold a good amount of a small cap index funds like VB and VSS.
 
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rpat701 said:
People took summer profits on Friday. Time to buy!
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... said the same guys who in years past lost their asses on every other financial bubble.
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SoyCapitanSoyCapitan said:
There's no right time or wrong time. You are at the mercy of the biggest players.

The open secret is that almost every share price is a complete fabrication. They fabricate share prices based on forward earnings not true present value. There's no industry standard rule on much forward earnings to include include. 1 quarter? 1 year? 5 years? It's equal to looking in a crystal ball.

And then you have those con men drawing lines all over charts as if they can predict future prices based on past trends. Complete pseudoscience and guessing. The top dogs dumped it years ago.

Don't get me started on evaluation of cryptocurrencies. I own Eth and the massive rise recently is a crock. That sector needs regulation fast before crooks milk many people.
Click to expand...

Agree with you that there is no crystal ball. But theres the few wanna-be Gordon Gekkos on this thread who speak as if they've got the markets (and the economy as a whole) figured out and tell us, with all their 'expertise' that its time to buy.
 
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IJ Reilly said:
Don't throw the baby out with the bathwater.

Now we're really getting somewhere.
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"Playing the stock market is like ordering a mail order bride from Eastern Europe or the Phillapines. Chances are you're going to end up with an STD or arrested." - Mark Twain
1238895886504840879.jpg


Am I doing this right?:confused:
 
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SoyCapitanSoyCapitan said:
There's no right time or wrong time. You are at the mercy of the biggest players.

The open secret is that almost every share price is a complete fabrication. They fabricate share prices based on forward earnings not true present value. There's no industry standard rule on much forward earnings to include include. 1 quarter? 1 year? 5 years? It's equal to looking in a crystal ball.

And then you have those con men drawing lines all over charts as if they can predict future prices based on past trends. Complete pseudoscience and guessing. The top dogs dumped it years ago.

Don't get me started on evaluation of cryptocurrencies. I own Eth and the massive rise recently is a crock. That sector needs regulation fast before crooks milk many people.
Click to expand...

The Stock Market is based on two primary factors: Fear and Greed*
which are controlled by: Facts and Rumors,
that may be: True or False,
and may come from one of these sources: Reliable or Unreliable,
controller by people/organizations that would play the role of: A Bear or A Bull,
and have either: Good or Bad intentions in the way they affect the market for their own financial gain.

In other words, unless you really know what you are doing (and still take a chance at getting disappointed), you may have a better chance betting on a horse.


*Edited: Thank you IJ Reilly for correcting this fact in your post: #49
 
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Apple is far from doomed since they continue to get 30% profit on the core products, and 99% profit on accessories. PROOF: Apple sent my wife the incorrect sized watch band, which cost $150. I contacted Apple and they said they'll send the correct one and just throw out the wrong one since it's not profitable to pay the $3 USPO postage to send it back for redistribution. I was surprised the employee let me know that. That lets me know that is cost less than $3 to manufacture, package, and send to customers. Capitalism weaponized.
 
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Apple dropped significantly Friday. The announcement that the Qualcomm chip in the next iPhone will be throttled to be as slow as the Intel chip. That makes the next iPhone slower than some rivals.
 
Anyone who believes the line on the chart can and should only go up at a 45* angle likely invested with Madoff. I don't even want to imagine what a market would look like if EVERYONE jumped ship EVERY TIME their stock stopped rising and dropped.

Markets are volatile. Stocks are going to go up and down. Daily. Corrections happen. Directions change. If you're a short term trader, I doubt you post on a Mac Rumors site during trading hours.
 
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Amazing Iceman said:
The Stock Market is based on two primary factors: Hopes and Fears,
which are controlled by: Facts and Rumors,
that may be: True or False,
and may come from one of these sources: Reliable or Unreliable,
controller by people/organizations that would play the role of: A Bear or A Bull,
and have either: Good or Bad intentions in the way they affect the market for their own financial gain.

In other words, unless you really know what you are doing (and still take a chance at getting disappointed), you may have a better chance betting on a horse.
Click to expand...

The two emotional axes of the market are generally said to be "fear" and "greed." The other truism is "the market always climbs a wall of worry." You are bound to be hit with one or another of these emotions on any given day. So what good does it do us to know these things? The good it does (if we are aware) is it provides a defense from being manipulated by these emotions because emotions are not a good way to invest and in fact they will almost always lead us to make exactly the wrong decisions.
 
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zombierunner said:
Should I buy AAPL shares?
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It depends on what you're aiming for. If you're aiming for quick money, then no.

I recommend you read "The Intelligent Investor" as it really brings perspective on the psychology behind what makes so many people tank in the market, and has saved me from falling for my own worst tendencies. For example, I almost bought SNAP stock when "something told me"/"my gut feeling was" it would be a good idea. But then I thought about it in the context of why I was wanting to buy it, and realized it was for all the wrong reasons. That $1000 investment at the time would be worth $700 at the time of this posting.
 
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