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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Why does Apple's stock drop after they report GREAT FRIGGIN financials??? Someone please explain this to me?
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.
continues. ;-)
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.
the issue is the growth of only 5% of the ipod sales
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?
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.
One cannot apply any kind of "logic" to the stock market.
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.
OR
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A good buying opportunity