whats with the aapl stock drop

Discussion in 'Apple, Inc and Tech Industry' started by derboy, Nov 9, 2007.

  1. derboy macrumors regular

    Joined:
    Feb 25, 2004
    Location:
    UK
    #1
    Anyone know the reason for the massive aapl stock drop. from 190 back to low 170's. :eek:

    Any ideas, when price targets are still strong?
     
  2. wordmunger macrumors 603

    wordmunger

    Joined:
    Sep 3, 2003
    Location:
    North Carolina
    #2
    Yeah, the whole market went down. General lack of confidence, not Apple specifically.
     
  3. arkitect macrumors 601

    arkitect

    Joined:
    Sep 5, 2005
    Location:
    Bath, United Kingdom
    #3
    It's nothing to do with Apple as such. Just have a look and you'll see all markets are down… there are some serious jitters around… :eek:
     
  4. twoodcc macrumors P6

    twoodcc

    Joined:
    Feb 3, 2005
    Location:
    Right side of wrong
    #4
    wow, i just noticed this. i wonder what's going on?
     
  5. maccompaq macrumors 65816

    maccompaq

    Joined:
    Mar 6, 2007
    #5
    This is a perfect time to buy more AAPL. It will be going up to $225-$250 next year. I have been accumulating Apple stock for 10 years, and I am smiling big time.
     
  6. lofight macrumors 68000

    lofight

    Joined:
    Jun 16, 2007
    #6
    10 years!! how many do you have? you could have big profit :p
     
  7. ~J~ macrumors 6502

    Joined:
    Jul 27, 2007
    Location:
    3rd Rock from the sun
    #7
    Its the whole market... almost everything is in the red right now - but Apple is a strong company and I have every bit of confidence that it will rebound above the $190 mark pretty soon - which means that now is a great time to pick up some (more) shares! I already have... and will even more if it goes down again...
     
  8. gkarris macrumors 604

    gkarris

    Joined:
    Dec 31, 2004
    Location:
    "No escape from Reality..."
    #8
    They'll creep back up after the iPhone launch. Note that investors also "influence" the market values as to buy low and sell higher right after. That's how they are able to afford their boats and private jets...
     
  9. derboy thread starter macrumors regular

    Joined:
    Feb 25, 2004
    Location:
    UK
    #9
    the American financial industry looks to be in a very dire state. My worry is its ability to recover. Everyone seems to be taking money out of the usa. The weakening dollar also is a big issue.

    I think I'd prefer to buy stock in apple's Chinese manufacturing business than the usa based one!!!
     
  10. ccwilli3 macrumors member

    Joined:
    Jul 12, 2007
    #10
    they just announced earnings and a pullback is expected. You gotta buy on the speculation and sell on the news if you are a short timer. Long term investing, it doesn't matter...
     
  11. maccompaq macrumors 65816

    maccompaq

    Joined:
    Mar 6, 2007
    #11
    I study the stock market all the time, and I am aware that Apple is one of the very few companies that is so innovative. Introducing futuristic designs and exciting new gadgets, and that is what drives the stock. Not to mention the very good Balance Sheet and Income Statement. While Apple stock has increased by more than $100 this year, Microsoft stock has only gone up around $4. Should I decide to sell my Apple stock, my profit will so much that I won't know what to do with it.
     
  12. maccompaq macrumors 65816

    maccompaq

    Joined:
    Mar 6, 2007
    #12
    Bernard DeBaille of Belgium was a good friend of mine years ago when I lived in France. He only spoke French, but so did I, so we got on great. I wish I had kept in contact with him over the years.

    See my other post to get somewhat of an idea of how many shares I have. I really hate to show that number on a public forum.
     
  13. Genghis Khan macrumors 65816

    Genghis Khan

    Joined:
    Jun 3, 2007
    Location:
    Melbourne, Australia
    #13
    as has already been said, it's a general pullback...but i would go one step further and say it's a globel thing

    the US economy is incredibly fragile right now, i personally have zero confidence in it...hopefully the next president can at least stabilise it:eek:
     
  14. maccompaq macrumors 65816

    maccompaq

    Joined:
    Mar 6, 2007
    #14
    I find it incredible that residents of other countries feel that they are in the know about our economy. It is impossible to know unless you live it and invest in it day to day. Reading about it in the media or hearing about it on TV is the worst way to analyze anything. The media people are all about SENSATIONALISM. Furthermore, a President does not have that much long term influence on the whole US economy.
     
  15. lofight macrumors 68000

    lofight

    Joined:
    Jun 16, 2007
    #15
    good idea not to tell, You'll probably have some stock ey.
     
  16. Rodimus Prime macrumors G4

    Rodimus Prime

    Joined:
    Oct 9, 2006
    #16
    I will never get over the fact that people seem to think the president has any real control over the economy. The truth is they have very little control over it. Yet it is how we elect them is completely based on the economy.
     
  17. cube macrumors G4

    Joined:
    May 10, 2004
  18. CarlsonCustoms macrumors 6502

    Joined:
    Mar 5, 2007
    #18
    If it drops down to $130 i'm gonna buy some.. just need to keep up on watching it
     
  19. IJ Reilly macrumors P6

    IJ Reilly

    Joined:
    Jul 16, 2002
    Location:
    Palookaville
    #19
    The markets are voting for a recession next year.
     
  20. CalBoy macrumors 604

    CalBoy

    Joined:
    May 21, 2007
    #20
    Indeed. The close today brought an end to a week of bad closings. I believe the Dow 30 is more than 500 points down for the week. With record high oil, weak earnings reports, problems in the financial sector...is it really too surprising?:(
     
  21. balwx macrumors regular

    Joined:
    Aug 22, 2007
    #21
    Pretty nice drop the past two days. Trading ranges have been massive $10 today.. $20 on Thursday. I'm holding my shares. There hasnt been any aapl specific negative news the past two days. Selling has been on very heavy volume (approx. 1.5 normal the past two days), along the the market in general.
     
  22. Fukui macrumors 68000

    Fukui

    Joined:
    Jul 19, 2002
    #22
    The U.S economy is facing a cross-roads right now IMO, but the pres. has little to do with it. If anything, blame greed and the fed...
     
  23. Genghis Khan macrumors 65816

    Genghis Khan

    Joined:
    Jun 3, 2007
    Location:
    Melbourne, Australia
    #23
    all i said was that the US economy is 'incredibly fragile'...which it is

    the housing crisis...i think it's 2 million households that are about to be displaced over the next 18 months...that's alot of houses at one level of the market that will lower prices...and alot of people searching for cheaper housing, pushing prices up in that market...not good

    the falling dollar...the US dollar has fallen ALOT recently, even the aussie dollar is trading at 92-ish US cents last time i checked (versus 70 cent average for the last few years)

    national debt...

    see http://today.reuters.com/news/artic...Z_01_N07545790_RTRIDST_0_USA-ECONOMY-DEBT.XML

    so the government is running a deficit of US$160 billion this year (not much for the US economy i'll grant you)...but the private sector is in debt to the tune of US$9 trillion...because the PRESIDENT raised the debt limit (also note how much the president has spent on the war)


    so yes...the US economy is INCREDIBLY FRAGILE


    EDIT: http://en.wikipedia.org/wiki/United_States_public_debt

    $5 trillion US federal debt


    so everyone in the US is in massive debt...

    maccompaq, a junior high school student could tell that the US economy is in dire straights...accept the truth and try to fix it (the latter may be a bit difficult to do personally)
     
  24. WildCowboy Administrator/Editor

    WildCowboy

    Staff Member

    Joined:
    Jan 20, 2005
    #24
    Moderator Note: Folks, we're starting to move toward topics that would be better suited for the Politics, Religion, and Social Issues forum. I'd prefer to keep it out here where everyone can contribute, so please tread lightly. Thanks. :)
     
  25. Genghis Khan macrumors 65816

    Genghis Khan

    Joined:
    Jun 3, 2007
    Location:
    Melbourne, Australia
    #25
    lol...sorry...i digressed abit

    the original point was that the apple stock fall is part of a global stock fall (except for the biggest and third biggest mining companies in the world which are discussing a merger:p)

    and that the stock fall is very real...hopefully apple won't be hurt too bad (i think it will bounce back nicely, because it has alot of investment in asia, which shouldn't be affected)
     

Share This Page