After yesterdays huge fall due to really pathetic Iphone numbers is anyone here going to jump on Apple in the next few days? Are any of you holders currently worried about the huge slide yesterday?
I think the market's adjusted, so it wouldn't be a bad time to pick up ~ 100 shares or so. They should go up after the Q4 report (right after Christmas), as that's when I-phone and Ipod sales should rocket. EDIT: Nevermind they just released earnings an hour ago, and they kicked seroius ass. AAPL is up 4% on the day. It's no longer a great buy at $143.
I did a project for financial analysis class last semester and predicted Apple stock would go upwards of $160. At the time, it was around $70. I thought we were on crack to come up with that number.
That's great. DCF's are so hit and miss. Some folks in my Investment Theory class picked AAPL for the portfolio competition, and it CARRIED them throughout the semester. That is until the final week, when all the trading restrictions went out. The day before the unleaded gasoline supply report was to be relased, my group went long on unleaded gas. Bought a ton on margin, and saw a massive gain, which helped us win the damn thing.
You missed the boat, it just left this morning. Although the stock market is taking a hit today and Apple has slid from the early high, I don't think right now is a great time to get in.
I would stay out of the market for a little while. This major drop today won't be the last in the next few weeks.
picked apple for a marketing management course a few years back and it did the same thing.... in fact, i'm curious to re-read our analysis to see how accurate we were.
i did a similar thing, but about buffalo wild wings. I kept coming up with $68 and i thought i was wrong, but i kept checking the numbers and it was right. 1 month later huge jump to 69
Silver is a good buy here for the next few months. SLV is the ETF and if you want to go little bit more volatile you can pick individually at SLW.
bought a bunch of it two years ago and some more a few weeks ago when it was around $120 I've never seen loyalty like Mac users have so I figured it was a solid buy
I'm not sold on the iPhone to be completely honest. I think the choice to make it incompatible with Exchange networks was a major mistake because it eliminated virtually every corporation and law firm from allowing employees to make the switch from BlackBerry or Treo to iPhone. Also, the fact that there are no buttons will make text messaging/writing emails much harder without looking at where your fingers are pressing.
What huge fall? lol. You kinda missed an opportunity to buy... the stock was around $136 at one point and went up to $150 after hours, I think. I bought a ton more and waited for the price to spike, but this is a long-term hold for me. What works for Apple is the fact that they always sandbag earnings. I mean ALWAYS. They always give guidance that makes it seem like they'll earn average revenue or be in trouble knowing full-well that when earnings time comes around, they're gonna blow the doors off consensus EPS. I bought a lot more right after the stock stopped trading after-hours yesterday. I'm holding on for a while.
Apple released earnings after hours yesterday, not today - it went up from a market close of around $136 to $150. It actually opened lower in the $140's due to pre-market sell-off this morning.
What huge fall? The largest one day loss ever for Apple.. 6%, 7 Billion in market value.. I was late pulling the trigger on this one, but thanks for replies..
It dropped between the 23rd & 24th, not yesterday (25th). Yesterday it opened at 137.35 and closed at 137.26. You still had a chance yesterday! http://finance.google.com/finance/historical?q=AAPL Also, the reason why it dipped was due to fear caused by AT&T's activations being low. The reality was that they had sold about twice as many (I think) iPhones as AT&T had activated. That, combined with earnings and Mac sales shot the stock up from a 137.26 close to a 150 price in after hours trading yesterday.
