What in the world happened to Apple's stock price in sept of 2000? I realize this is old news, but I couldn't believe what I was seeing when I looked at the 5 year history of AAPL stock price. What caused such a dramatic and sudden drop? I can't think of anything that Apple has done recently to deserve such treatment! Please fill me in.
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what happened to apple in 2000?
- Thread starter Oats
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Quick trigger fingers
Google helped me find this.
http://www.macobserver.com/article/2000/09/29.5.shtml
Seems there were a bunch of people who freaked about missed earnings and analysts who just didn't like Apple.
Google helped me find this.
http://www.macobserver.com/article/2000/09/29.5.shtml
Seems there were a bunch of people who freaked about missed earnings and analysts who just didn't like Apple.
-Oats
Apple was the first to report the earnings hit by the recession. Being the first, the analysts said:
"See! Their toast! They're finally dying! Sell!"
Then the following weeks and months, everybody began hits, if not out-and-out losses. And the analysts responded:
"Oh, umm. Err. Ok. Uhh. Hmm. Well, maybe Apple is just reporting first."
Since then, Apple has been reporting profits.
Apple was the first to report the earnings hit by the recession. Being the first, the analysts said:
"See! Their toast! They're finally dying! Sell!"
Then the following weeks and months, everybody began hits, if not out-and-out losses. And the analysts responded:
"Oh, umm. Err. Ok. Uhh. Hmm. Well, maybe Apple is just reporting first."
Since then, Apple has been reporting profits.