Verizon stock

Discussion in 'iPhone' started by wrdabney, Jan 11, 2011.

  1. wrdabney macrumors member

    Joined:
    Jun 8, 2009
    #1
    Vz stock is down over 2% today. Has an announcement been made already or do the big boys know something I don't know
     
  2. shadrap macrumors 6502

    Joined:
    Jul 6, 2009
    Location:
    Mayberry
    #2
    Probably has to do with the unknown on the cost of subsidizing the iPhone. If you read the analyst blogs, the stock price of both apple and Verizon already include Verizon launching the iPhone.
     
  3. NebulaClash macrumors 68000

    NebulaClash

    Joined:
    Feb 4, 2010
    #3
    Typical behavior. Buy the rumor, sell the news. Today is the announcement day, so expect both Verizon and Apple stock to be down today.
     
  4. kdarling macrumors demi-god

    kdarling

    Joined:
    Jun 9, 2007
    Location:
    Cabin by a lake
    #4
    Exactly.

    AT&T's stock dipped a year ago as well, when it was revealed that they had over a half billion dollars tied up in iPhone subsidies.
     
  5. rdowns macrumors Penryn

    rdowns

    Joined:
    Jul 11, 2003
    #5
    Yes. You don't make judgements on a stock because of a little movement on the day of a bug announcement.
     

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