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

[SuperCachetes]

I have held APPL since the price was at (split adjusted) $36....so I'm in it for the long haul. Watching the price go up and down once in a while isn't worrisome as long as the general trend is up.

The thing that really irks me are the so-called Wall Street pundits. A month ago they were falling all over themselves seeing who could raise their stock valuation forecast the most based on the iPhone 8 "super cycle" and whatever other nonsense they used to justify a $160 to $200 future share value.

Today, the "iPhone 8" is "already priced into" the stock and they're all dropping the forecasts to $150 to $160. Well, if that's true now, what was going to get the share price $30 to $50 higher just a month ago? The same iPhone 8.

You can't have the same justification work both ways like that. Except on Wall Street I guess.

I'm in at $41. Like you, I'm not in a hurry.

I very rarely listen to Jim Cramer, and when I do, it's with a huge grain of salt - but I think he was spot on with some comments recently: "Someone (Mizuho) was out to make a name for themselves." No one had heard of them, but they saw a tech sector adjustment, and made a bold play. Now, many of heard of the little David that rocked the boat of Goliath. Gasp and swoon.

I guess the PR stunt worked out for them short-term, but no one will remember the name of the contrarians next year when AAPL is flirting with $180, or more...

 

[flyingspur]

Consider the gap up on Feb. 1, it will be filled, when? Area to watch, $122-127.
Do you have it in ya to get on the short side? Flip at the gap. Sell into strength
vis versa. Follow the herd, sooner or later they all get slaughtered.

 

[Urban Joe]

I'm not annoyed that Apple is down. I'm just pissed because Apple is down more than all the other tech stocks. It shows how much weakness there is in Apple despite really good fundamentals. I honestly can't understand why Microsoft is less volatile than Apple. What does Microsoft have a positive that Apple doesn't? I just hate being blind if Microsoft is truly a better stock to own than Apple.

Apple has a bad case of the "catch ups." Microsoft is putting out some really good hardware with the Surface Line and with HoloLens. Apple is still tap dancing on the sinking ship of the iPhone. It's a great phone but what's the NEXT big thing? The upgrade in iOS should have happened YEARS ago to make iPad more functional. The new iMac is the computer that should have been. The Mac Mini has been unofficially obsoleted. I dunno...Maybe the Apple of today isn't "hungry" anymore. All the execs are rolling in dough and Tim is more interested in sjw campaigns than listening to customers. People have been SCREAMING for all the latest updates over WWDC. Actually, we should call them "catch ups" instead of updates. Harsh? Maybe. But a whole lot nicer than Steve Jobs would have put it.

 

[thekeyring]

At WWDC Apple ticked off a ton of what we wanted. Upgraded MacBook, MacBook Pro, and iMac... and announced the iMac Pro for later in the year. New iPads and iPad-only iOS 11 features.

...and the result is the stock is down. Of course.
[doublepost=1497323322][/doublepost]

Apple is still tap dancing on the sinking ship of the iPhone.

Did you miss WWDC when they launched an AR platform for iPhone and iPad, upgraded the iPads (both hardware and software), announced new stuff for the Watch and announced a load of Mac updates?

Or would you rather have new category; new category; new category, until the Apple Stores are full like Walmart?

In the first 5 years after Steve Jobs' death, every good thing Apple did was "leftover from Steve". Now I can see it's changed to "something Apple should have done ages ago".

I'm so fed up of the biased negativity on this forum. It's like you guys expect Apple to fail, then force the pieces to fit what you expect.

 

[Urban Joe]

At WWDC Apple ticked off a ton of what we wanted. Upgraded MacBook, MacBook Pro, and iMac... and announced the iMac Pro for later in the year. New iPads and iPad-only iOS 11 features.

...and the result is the stock is down. Of course.
[doublepost=1497323322][/doublepost]

Did you miss WWDC when they launched an AR platform for iPhone and iPad, upgraded the iPads (both hardware and software), announced new stuff for the Watch and announced a load of Mac updates?

Or would you rather have new category; new category; new category, until the Apple Stores are full like Walmart?

In the first 5 years after Steve Jobs' death, every good thing Apple did was "leftover from Steve". Now I can see it's changed to "something Apple should have done ages ago".

I'm so fed up of the biased negativity on this forum. It's like you guys expect Apple to fail, then force the pieces to fit what you expect.

Did you read my entire post? All these wonderful updates should have been done years ago. As far as AR...Apple is playing catch up with Microsoft and Facebook. I guess they hope the developers will bail them out of a jam as usual. Yes, for me, the Apple is sour at present. And oh, it used to be so sweet.

 

[MH01]

iPhone 8 price just went up globally . Sorted

Tim is a true visionary
[doublepost=1497327845][/doublepost]

At WWDC Apple ticked off a ton of what we wanted. Upgraded MacBook, MacBook Pro, and iMac... and announced the iMac Pro for later in the year. New iPads and iPad-only iOS 11 features.

...and the result is the stock is down. Of course.
[doublepost=1497323322][/doublepost]

Did you miss WWDC when they launched an AR platform for iPhone and iPad, upgraded the iPads (both hardware and software), announced new stuff for the Watch and announced a load of Mac updates?

Or would you rather have new category; new category; new category, until the Apple Stores are full like Walmart?

In the first 5 years after Steve Jobs' death, every good thing Apple did was "leftover from Steve". Now I can see it's changed to "something Apple should have done ages ago".

I'm so fed up of the biased negativity on this forum. It's like you guys expect Apple to fail, then force the pieces to fit what you expect.

The keynote was actually very good . Apple in many ways gave us exactly what we wanted.

Though in some ways that is also a problem, if you were with apple for a long time, you realised that Steve did not follow , he led. While the announcements were great, it's apple following the rest of the industry .

I'm so happy I got egpu support though at the same time I view it as such an un apple move....

I'm really happy , at the same time it feels like apple has run out of ideas and has just joined the rest of the crowd to make money .

 

[NMSUballa]

I bought in an hour before closing. Made a whole $15 already. Haha

 

[bobob]

Traders are following the old adage:

Buy on the rumor, sell on the news.

A bird in the hand is worth two in the bush.

Apples and oranges.

 

[thekeyring]

iPhone 8 price just went up globally . Sorted

Tim is a true visionary
[doublepost=1497327845][/doublepost]

The keynote was actually very good . Apple in many ways gave us exactly what we wanted.

Though in some ways that is also a problem, if you were with apple for a long time, you realised that Steve did not follow , he led. While the announcements were great, it's apple following the rest of the industry .

I'm so happy I got egpu support though at the same time I view it as such an un apple move....

I'm really happy , at the same time it feels like apple has run out of ideas and has just joined the rest of the crowd to make money .

Sure, just doing what the crowd asks for is a problem, but Apple have introduced plenty of things we haven't asked for.

I feel like they switch between giving us new ideas - and now they're ticking off some of what people are crying out for.

 

[IJ Reilly]

Apples and oranges.

I prefer my metaphors shaken, not stirred.