What did I miss, Apple Stock skyrocketing?

srobert

macrumors 68020
Original poster
Jan 7, 2002
2,062
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Did I miss something. Apple's stock started skyrocketing today at noon (up almost 4% at time of posting). I think it is at it's highest historical level (previously was 45.44). I've been browsing the news headlines but I can't explain the sudden increase. Oh well. Maybe it's just a spike. Congrats to Apple anyway for breaking it's own record again.
 

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Savage Henry

macrumors 65816
Mix of everything really.

- Apple / Intel ... not much in the way of bad-mouthied reporting in the media

- The hitherto unchartered Mac Mini and Shuffle arenas have not turned out to be the Cube all over again

- Tiger has seen the best OS adoption rate

- iTunes and the Pod just seem to constantly grow

- I bought a G5, market seemed pretty pleased with that.


It's a kind of Karmic pot of warm fuzzies that Apple is feeling right now. It's gambled on pretty much all of the above and they've come out smelling of something similar to roses.
 
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srobert

macrumors 68020
Original poster
Jan 7, 2002
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Maybe. But it's weird to see it spike all of a sudden. I was personally expecting to see a slight drop because of the Microsoft/Apple iPod patent dispute and some of Apple's big shot cashing in their options.

And it keeps climbing ^_^. Now at 45.94 (up 4.41%) That means that Apple's biggest stock holder is $252,588 richer than he was yesterday at time of this post.
 
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Lancetx

macrumors 68000
Aug 11, 2003
1,980
587
Texas
Looks like everyone is selling their Dell stock and buying AAPL. :D Dell disappointed the street with their quarterly numbers yesterday and as a result their stock is down almost 8% today.
 
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srobert

macrumors 68020
Original poster
Jan 7, 2002
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Lancetx said:
Looks like everyone is selling their Dell stock and buying AAPL. :D Dell disappointed the street with their quarterly numbers yesterday and as a result their stock is down almost 8% today.
Maybe you're right. MarketWatch just covered it:

Apple rises 4%, defying tech sector selloff (AAPL) By Leslie Wines
NEW YORK (MarketWatch) - Shares of Apple Computer Inc. (AAPL) Friday defied a sharp technology-sector selloff to post a 4.3% rise, gaining $1.96 to $45.96. Other technology stocks were under pressure after both Cisco Systems (CSCO) and Dell Inc. (DELL) this week issued disappointing earnings and predictions for the third quarter. Art Hogan, chief market strategist at Jefferies & Co., said Dell's most recent quarterly sales disappointed investors because although unit sales were strong, prices were weak. By contrast, Apple has been enjoying both strong unit sales and aggressive pricing, helping the stock look good in contrast to fellow computer maker Dell, he said.
 
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Lacero

macrumors 604
Jan 20, 2005
6,639
2
Disregard the daily price fluctuations. It just means a bunch of idiot daytraders are buying and selling stock in hopes of gaining instant riches. Apple stock price will stabilize (meaning correction) in the coming weeks back to pre-frenzied levels.
 
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runninmac

macrumors 65816
Jan 20, 2005
1,494
0
Rockford MI
Yay this is the first time in 6 months if I was to sell apple I would make money! :D

Dell is having a blood bath..


Thats what I like to see!
 
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greatm31

macrumors member
Oct 19, 2001
69
27
I've been thinking about buying Apple stock, but then I remembered that AAPL has a tendency to crash nastily every now and then. I'm hoping that Apple will have a mildly dissapointing quarter, everyone on Wall Street will think the iPod fad is over, and the stock will lose 30 points overnight. Then it'll lose a few more. Then I'll buy it.

... But of course when that happens the iPod isn't dying down, rather Wall Street is just being Wall Street. Apple will come back in less than a year and I will have made some serious moolah.

(I only wish I thought this through the last time Apple stock crashed....sigh...)
 
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solvs

macrumors 603
Jun 25, 2002
5,684
1
LaLaLand, CA
Odd coincedence that the news that OS X was hacked to run on any PC came out just a little before that. You'd think that the stock would have crashed, but apperently people think it's a Good Thing®. I'm sure all that other stuff helped too.
 
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mj_1903

macrumors 6502a
Feb 3, 2003
563
0
Sydney, Australia
I think the can be attributed in part to the general bad news on the street regarding the tech sector which makes Apple look like a steal and the rumours about the Apple/Google partnership.
 
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katie ta achoo

macrumors G3
May 2, 2005
9,167
2
Lacero said:
Disregard the daily price fluctuations. It just means a bunch of idiot daytraders are buying and selling stock in hopes of gaining instant riches. Apple stock price will stabilize (meaning correction) in the coming weeks back to pre-frenzied levels.

this reminds me of what a fed challenge team did during the Dallas competition last year:
An economist asked them about their graph. It was going upward, but after a downward trend for the past 3 quarters. Only two points were going up.
So, they called it an UPWARD TREND! (WTF?!?)
Then, the economist judge asked them some question, and they used the term "upward trend" and the judge just OWNED them. "Two points do not make a trend."

I had to keep myself from laughing! You should have seen the looks on their faces! It was PRICELESS! I loved it!!

needless to say, they didn't win.. :p

oh yea.. day traders, quick money, bla bla bla, I'm glad they're doing something OTHER than real estate. Some time soon, the bubble is going to pop, everyone with land will go broke, and I'll just be twiddling my thumbs because I was awesome enough to not invest in real estate.

oh yea. Apple stock was the topic?
Hm... how to get on topic..

I am the next generation female Peter Oppenheimer. Feel my apple-tastic economicsness!! :) :)
 
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srobert

macrumors 68020
Original poster
Jan 7, 2002
2,062
0
It keeps climbing! O_O

It might even hit the year-end target by the end of the day ^_^ (1y Target Est: 49.31, currently 48.16)

Let's hope for our fellow shareholders that the rumors are founded so the stock won't be thumbling back down to it's previous level.

Even in the stock market, Apple goes against the trend. ^_^ Go Apple!
 
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