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RIM (Blackberry) stock plummets, Apple stock skyrockets! Woohoo!

Rybold

Rybold

macrumors 6502a
Original poster
Jun 23, 2008
960
0
California, USA
Just took this screenshot...

Blackberry Storm is more like a drizzle.

"what’s coming in the weeks ahead: 1) a new line of high-margin notebook computers scheduled to be unveiled Oct. 14 and 2) a quarterly earnings report on Oct. 21 that are widely expected to blow past Apple’s guidance numbers." -Fortune Magazine website
 

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It IS nice to see Apple's stock going up again, even though it's still down over a third of its value compared to just a month ago.

Then again, the market is being overwhelmed by a bunch of people acting like chickens with their heads cut off.
RIMM's stock plummeting probably has little to with the Blackberry Storm, and a lot to do with the prevailing panic.

Hopefully Apple will come out of the situation with little damage. And hopefully we'll all still have jobs and can afford to not have to pawn our nice Apple products. :(
 
Thank you, scaredpoet.

I was just about to comment how Apple's stock has dropped nearly 100 points in recent months, asking the OP if this was a suggestion to buy or what?

If so, that's not like a real stock tip, buy anything right now, or wait a few weeks and buy, everything is at low points.

I just really don't understand the post, look at the rest of those stocks, everything is down. Apple is just having a decent day.
 
Microsoft are eyeing up RIM.

This can only be a bad thing for RIM.
 
NDimichino said:
I just really don't understand the post, look at the rest of those stocks, everything is down. Apple is just having a decent day.
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The reason Apple is up is because they have announced to the public that they are releasing new laptop computers on Tuesday. There are rumors all over WallStreet that the least expensive of the new laptops is going to be $799. This will allow Apple to compete in the sub-$1000 laptop market, which is more than 95% of all laptops sold. With BestBuy selling Apple computers, Apple will now have a $799 computer to compete with Dell, HP, Sony, and the others.
This is the reason that Apple's stock is up today.

Here is one of numerous articles on this topic: http://www.thestreet.com/_yahoo/new...41842.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
 
And how many times have we seen AAPL tank right after a special event?! Only about every time... :D
 
Wait until he has to give a breakdown of the Final Four quarters of the 2008 economy.
2694741601_2f739a307d.jpg




whoa! Here's the latest! Apple up 10%, and look at Rimm's graph!
 

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Rybold said:
The reason Apple is up is because they have announced to the public that they are releasing new laptop computers on Tuesday. There are rumors all over WallStreet that the least expensive of the new laptops is going to be $799. This will allow Apple to compete in the sub-$1000 laptop market, which is more than 95% of all laptops sold. With BestBuy selling Apple computers, Apple will now have a $799 computer to compete with Dell, HP, Sony, and the others.
This is the reason that Apple's stock is up today.

Here is one of numerous articles on this topic: http://www.thestreet.com/_yahoo/new...41842.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
Click to expand...

Are you actually saying you understand and can predict the stock market?
 
Rybold said:
Wait until he has to give a breakdown of the Final Four quarters of the 2008 economy.
2694741601_2f739a307d.jpg




whoa! Here's the latest! Apple up 10%, and look at Rimm's graph!
Click to expand...

Yes but RIMM has only dropped 10 points, Apple has plummeted nearly 100!

I understand RIMM is a cheaper stock, but Apple is not doing well.
 
elppa said:
Microsoft are eyeing up RIM.

This can only be a bad thing for RIM.
Click to expand...

Not only is MS eying RIM, but the word is that they have a standing order to buy them at $50/share. I don't care how much you hate RIM, Microsoft is worse, and even worse than that are 2 big players instead of 3 in the game.
 
Rybold said:
Just took this screenshot...

Blackberry Storm is more like a drizzle.

"what’s coming in the weeks ahead: 1) a new line of high-margin notebook computers scheduled to be unveiled Oct. 14 and 2) a quarterly earnings report on Oct. 21 that are widely expected to blow past Apple’s guidance numbers." -Fortune Magazine website
Click to expand...

You have absolutely no idea what you're talking about, do you?
 
aristobrat said:
RIMM's 52-week high was 148.13, so they've gone down a lot in the last year too, no?
Click to expand...

Yes, I'm not saying it hasn't but Apple was up over $200/share in January. I actually owned Apple stock when it was up there. Didn't quite sell in time, but still made some money.

The stock market sucks and we can do this about every stock, I just don't understand the OP to begin with. The market rebounded today and everything is pretty much up.

Unpredictable.
 
I really looked into it

Well, actually, if you look at all the graphs for the past 2 years for both Apple and RIM, you may see some similarities :O, which would leave me to believe that it is just a trend that the tech industry is going through right now, i'll also throw in google's graphs for comparison :D
 

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OP - Do you own Apple? Have you shored RIMM? Otherwise, I sort of understand being such a fanboi that you care if apple stock does well, but why would you possibly cheer RIMM's stock going down? The market isn't a zero-sum game.
 
NDimichino said:
Yes, I'm not saying it hasn't but Apple was up over $200/share in January. I actually owned Apple stock when it was up there. Didn't quite sell in time, but still made some money.

The stock market sucks and we can do this about every stock, I just don't understand the OP to begin with. The market rebounded today and everything is pretty much up.

Unpredictable.
Click to expand...

"The market rebounded today"?????? Dow down 128 points, last time I checked thats not a rebound. I know the qqqqq finished up, but by what? 4 points? Once again I hardly think that is considered any type of rebound.
 
surfer99 said:
"The market rebounded today"?????? Dow down 128 points, last time I checked thats not a rebound. I know the qqqqq finished up, but by what? 4 points? Once again I hardly think that is considered any type of rebound.
Click to expand...

Considering at like 10 a.m. DJIA was down nearly under 8,000, I think it rebounding (and obviously I'm using the term very lightly) to 8,451.19, as it stands now, is a hell of a lot better than when it was at like 8,050 in the early hours.

If you think I was, even for a second, thinking the market "rebounded," let me just say that I'm still breathing so I couldn't possibly be competent and think that.

To be honest, I'm still so confused about the point of this post. Are we supposed to all run out and buy Apple products because it had a positive day? This is so dumb...
 
spamdumpster said:
OP - a fanboi that you care if apple stock does well, but why would you possibly cheer RIMM's stock going down? The market isn't a zero-sum game.
Click to expand...

I think everyone on here misunderstood what the OP was all about. I wasn't talking long-term at all. The image I posted was from the next day, after the Storm was announced. On that day's news, it appeared that Rimm was down as Apple was up due to people ignoring the Storm compared to the iPhone. In reality, Apple was up due to the impending release of their new line of notebook computers (plus some day traders running up the stock - at least that's what the media concluded at the end of the day). I was just poking fum of Rimm because they are Apple's comp. This thread had nothing to do with long-term investing. I've been investing for decades myself, and I am VERY knowledgeable of investing (I'm not perfect). The OP was just a "jester" at Rimm from Apple. Nothing else.

For those that aren't paying attetion, the Asian markets are up 10% right now, and the Euro markets are up 7%. (note that the apparent decline in the Nikkei225 is actually Friday's graph - the Nikkei is closed today due to a national holiday)
 
Rybold said:
Just took this screenshot...

Blackberry Storm is more like a drizzle.

"what’s coming in the weeks ahead: 1) a new line of high-margin notebook computers scheduled to be unveiled Oct. 14 and 2) a quarterly earnings report on Oct. 21 that are widely expected to blow past Apple’s guidance numbers." -Fortune Magazine website
Click to expand...

Skyrockets? are you on acid? Apple's stock has nearly halved in value in the last month. Even a 10% gain at it's current price is a joke for those unlucky enough to not have been paying attention and sold off.
 
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