financial/investor

10/11/2005, 4:45pm, EDT

Tuesday, October 11th

AAPL down 10 percent following earnings announcement

Apple's stock is down more than 10 percent, following the release of record quaterly profit and revenue. The stock, which was up nearly 2.5 percent during markethours, dropped over $5.48 to $46.11 afterhours, following the Apple announcement.


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First to post
0
10/11, 4:53pm, EDT
A good buying opportunity
Junior Member
Joined Oct 2004
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WHY???
0
10/11, 4:57pm, EDT
Why does Apple's stock drop after they report GREAT FRIGGIN financials??? Someone please explain this to me?
Fresh-Faced Recruit
Joined Feb 2005
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It's how the market work
0
10/11, 5:04pm, EDT
YOu buy on bad news, and sell on good. Is it backwards? Welcome to the stock market. I'd buy right now, and most intelligent people would too I'd imagine.
Fresh-Faced Recruit
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The Selling Tradition
0
10/11, 5:08pm, EDT
continues. ;-)
Fresh-Faced Recruit
Joined Oct 2000
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Wall Street = idiots
0
10/11, 5:11pm, EDT
This means, I guess, that about 10% had bet that Apple would do better than this, and bought in anticipation. Then, they sold at what they thought would be the peak.

Which makes tomorrow's announcements even more interesting.
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I think
0
10/11, 5:14pm, EDT
the issue is the growth of only 5% of the ipod sales
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Confused...
0
10/11, 5:23pm, EDT
Someone needs to explain this to me. Analysts have projected AAPL at $60 (futurecast of one year). They were also guesstimating .37/share growth. Soso we have .49/share growth. I can't imagine people were dumb enough to think they were going to better than the analysts suspected, let alone what Apple actually did this Q.. So why does it plummet?

Should I stop thinking logically? Is that my problem?
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Answer:
0
10/11, 5:32pm, EDT
The reality is, that it did not meet blown out analyst projections, especially for iPod sales. It beats Apple's own guidance (I believe Apple has beat their own guidance for all quarters since except for Q3 2000 since 1997). Investors had been inflating Apple stock price for WEEKS, this is the result of overblown predications and complex analyst calculations that did not pan out.
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market ≠ logic
0
10/11, 5:34pm, EDT
One cannot apply any kind of "logic" to the stock market.
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Roll With The Flow
0
10/11, 5:42pm, EDT
Having owned some Apple stock for well over 5 years, there are two things that seem certain:

1. Apple announces good news, stock goes down. 2. Apple announces bad news, stock goes in the crapper.

If Apple were to announce "MS quits OS business, license OS X" the stock would still tank.
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