Apple saw in the first quarter of 2005 with the Mac mini and the halo effect helping driving its success, according to IDC. Meanwhile, Apple moved up into the fifth position in Gartner's U.S. rankings, between fourth-ranked IBM and sixth-ranked Toshiba, according to the
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and they are taking a pummeling on the exchange... what a way to reward Apple.
Let's face it. Nothing Apple ever does will be good enough for Wall Street. Apple, the company analysts love to hate.
Sell! Make the price go down, so I can buy it again!
No, no: It means two things: Apple is going out of business, and the Powerbook G5 is just around the corner.
Stock price is influenced by hundreds of not thousands of actors. Market share is only one (and a small one at that, compared to things like revenue, ebitda, profit margin, capital expenditure, etc.).
Only zealots and people whose mental wellness is tied to a corporation ("Apple will never be good enough for you, mother!") cannot see beyond that.
Yeah, but that doesn't mean these 100s of people aren't sheep.
Because they are.
Remember the tech bubble? ("Dogpoo.com has a .com at the end of it's name! It MUST be worth BILLIONS!!!") And the tech bubble bursting? ("OMG! That company has a website! IT'S WORTHLESS!!! THE INTERNET IS DEAD!!!!")
Yeah, that's it. Investors are all very reasonable. About as reasonable are calling everyone an idiot who makes fun of stupid punditry saying apple is dead.
The macro-economic forces and overly-high expectation on a more than fully priced stock is responsible for AAPL drop. Its' sell, sell sell because fear of bad economy ahead. Also, the stock was ahead of itself. AAPL was carrying a PE of 60 AFTER it dropped 10% yesterday. A 35 to 45 PE yes. A PE of 60? No. So it was due for a correction anyway. Add to that the momentum players and unrealistic investors who was hoping for the moon (6 million iPods was the "whisper" number) and AAPL is now down for the count.
But given how great the business is and confirmation of the "Halo Effect" in recent Q, AAPL will be a great long term investment. It's always a great time to invest in a stock when there's a disconnect between reality and sentiment. In this case, on the long side.
Support level is at low $30's with next support at high $20's.
I'd be an aggressive buyer under $30. : )
Gudin, I think you and I agree at a high level but I think my intention was not intepreted correctly.
Some people on this board think "Nothing Apple ever does will be good enough for Wall Street" and that people think that "Apple is going ouf business". I am arguing that all these basless self-persecution is something zealots do.
I am arguing that AAPL is overpriced and that its price drop is market related (afterall, the overall market dropped like a rock today) and the emotional responses that preceded my post was thus uncalled for.
Go Apple!
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OMG
OMG THAT CAN ONLY MEAN ONE THING
APPLE IS GOING OUT OF BUSINESS
SELL AAPL
SELL SELL SELLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL