Apple Stock Falls to a New Low

CommanderFrank

CommanderFrank

Cat Can't Scratch It
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May 9, 2000
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If you were one of the many who purchased Apple stock within the past year, you are part of an exclusive Apple club; the ones who lost money buying Apple stock. Apple is down 40% from its high last September. Apple’s stock closed at $430 on Friday afternoon.

Others are related to sentiment and changes in Apple's shareholder base ("Momentum" and "growth" investors are dumping the stock, on the theory that Apple's growth days are over.
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Someone either doesnt know how to write proper headlines, or doesn't have access to internet data that predates 2000
 
So Apple stock has falled, big woop BIG DRAMA. This happens to even the strongest companies. Good time to buy in. I definitely see Apple going back up to where it used to be.
 
MajorDomo said:
If you were one of the many who purchased Apple stock within the past year...
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If you bought Apple stock in the last year you had more money than you knew what to do with. I still couldn't afford Apple stock.
 
xxEIEIOxx said:
If you bought Apple stock in the last year you had more money than you knew what to do with. I still couldn't afford Apple stock.
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It's a luxury stock that caters to a certain category of customers who value style in addition to substance. It's not meant for the kind of conformists that would buy Microsoft stock.
 
Babbster said:
It's a luxury stock that caters to a certain category of customers who value style in addition to substance. It's not meant for the kind of conformists that would buy Microsoft stock.
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I bought in at $40 with the intel announcement. Sold after iphone 4S. Good ride. Apple has peaked, they have nothing left and their extreme control means a ton of use-cases are simply not possible on Apple gear. They will continue on for 10-20 years, but i dont see them lasting in the era of ubiquitous, cheap, powerful hardware.
 
While Apple maybe "innovative", I doubt they're moving forward. Look at all this tablet nonsense. Nothing but patent trolls and people who forgot history.
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Yet Google is working on Google glasses and cars that drive themselves. While at the same time Apple can't buy a working maps application for their iPhones, and Microsoft is trying to convince everyone that Windows 8 is better then Windows 7.

Call Google you will, but at least they're fucking trying. When those glasses come out, I'll certainly be in line to purchase one. That is if it doesn't cost an arm and a leg. Those self driving cars will be great for old people who shouldn't be driving.
google-glasses.jpeg
 
Ashbringer said:
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Call Google you will, but at least they're fucking trying. When those glasses come out, I'll certainly be in line to purchase one. That is if it doesn't cost an arm and a leg. Those self driving cars will be great for old people who shouldn't be driving.
google-glasses.jpeg
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Google's always been good at pricing their products. Look at their own branded phones, $299/unlocked/no-contract? That's $200+ cheaper than other companies. Same with the tablets.

They have so much capital they can undercut everyone and do pure volume to drive their information-based revenues (ads, etc.).
 
Ashbringer said:
Those self driving cars will be great for old people who shouldn't be driving.
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Their self driving cars, if successful, flexible, and reliable, would be the biggest tech innovation since the discovery of the semiconductor.

Hell, I'm perfectly able bodied, and I would be the first guy in line to get a self driving car when they are released.... taking a nap during my commute to work and back home again? Worth sooo much money to me..... Having not to ever worry about parking my car? worth even more...
 
The stock market is just legalized gambling.

In theory, the value of a company's stock = the company's worth.

Does anybody really believe that the Apple Corporation lost nearly 1/2 it's value virtually overnight?

Layoffs, losses, shutdowns? Nope. Still profitable.
 
brucedeluxe169 said:
Their self driving cars, if successful, flexible, and reliable, would be the biggest tech innovation since the discovery of the semiconductor.

Hell, I'm perfectly able bodied, and I would be the first guy in line to get a self driving car when they are released.... taking a nap during my commute to work and back home again? Worth sooo much money to me..... Having not to ever worry about parking my car? worth even more...
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I can't help but think of that Samsung? commercial when the GPS of the ladies car has her drive off a cliff.:D

"Virus kills 3 million car drivers yesterday. This is the worst day this month!"
 
Spec for spec the google vs apple tablet argument reads... Zomg my nexus 7 blah blah for 200 dollars,etc. I really want to know, besides being able to hack to play emulators and getting free but spammy apps is the iPad that far behind? Really?

I have both an iPad mini and a tmobile springboard. While I can imagine a nexus to be thinner and lighter I just can't see it offer all that much more performance. That being said the android tablet basically sucks and offers little more than my android phone apart from a bigger screen.

I got my android tablet free as a part of my company's wireless plan, so it's not a big deal, but I'd seriously have trouble paying 200 for something that's useless.
 
typical stock manipulation.
bunch of big funds diverting hype away from apple for the time being, scaring individual investors off, then they'll jump back on the hype bandwagon again when the time is right.
 
dr.kevin said:
typical stock manipulation.
bunch of big funds diverting hype away from apple for the time being, scaring individual investors off, then they'll jump back on the hype bandwagon again when the time is right.
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Exactly. This is nothing more than a media blitz against apple to bearing the stock price to a more "real" level. While I believe at $780 the stock is inflated the $430 price is more real. All apple needs to do to solve ALL its problems is split the stock then see how many people flock to buy.
 
I think this is good news. I hope the stock tanks so that Apple can buy back all the shares for nothing, and go private.
 
While you are at it buy some Facebook too. Wasn't the ipo on that puppy up to about a million bucks? (before it went in the shitter)
 
The "upswing" is 3D Printer speculation.

They are hyping the CRAP out of it. I'm getting emails constantly.

They are sending them to the wrong idiot. This idiot was around 25 years ago and wrote code for the machines. It's a niche market. It's the most expensive way to make consumer goods, and will always be that way.

But, the Stock Manipulators are telling everyone it will replace factories and shipping with a $1000 printer. They know it's a lie. But SLA, errr.... Rapid Prototyping, errr... I mean 3D printers aren't what you see on the news or pimped by Jay Leno. They are cost effective machines to make prototypes. Once the prototype stage is over, you go to injection molding, stamping, casting, etc, etc. Thousands of parts per hour from a machine, not 1 part per day.
 
Qinsp said:
The stock market is just legalized gambling.

In theory, the value of a company's stock = the company's worth.

Does anybody really believe that the Apple Corporation lost nearly 1/2 it's value virtually overnight?

Layoffs, losses, shutdowns? Nope. Still profitable.
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well imo it proves they were over valued in the first place and i think still
they not worth 400+ a share thats for sure
 
Elios said:
well imo it proves they were over valued in the first place and i think still
they not worth 400+ a share thats for sure
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Agreed, it's still overpriced.

Unless they pull a rabbit out of their hat (actually invent something), they will not make it.

It's the same "We Hate Other Companies" philosophy that killed them the first time. Wait, didn't Kill, just Wounded them. If Dr. Bill Gates hadn't done emergency surgery with his checkbook, they would have completely collapsed.

In today's market, you need to be compatible. That sells. It's what kept the Notebooks and Desktops alive (a little), they broke their rules and made SOME of it compatible.

My iPhone isn't compatible with anything. No USB, no removable memory, battery, etc.

My Dell Streak is compatible. But it's clumsy with a bad interface. Huge screen though.
 
if they ever decide to use the obscene cash stash they have to build more liquidable assests I may decide to jump on Apple's stock, but in the mean time I'll enjoy watching the rocky ride.
 
Qinsp said:
The stock market is just legalized gambling.

In theory, the value of a company's stock = the company's worth.

Does anybody really believe that the Apple Corporation lost nearly 1/2 it's value virtually overnight?

Layoffs, losses, shutdowns? Nope. Still profitable.
Click to expand...

The problem with what you just posted is that apples never been worth what its stock has risen too.
 
Qinsp said:
The stock market is just legalized gambling.

In theory, the value of a company's stock = the company's worth.

Does anybody really believe that the Apple Corporation lost nearly 1/2 it's value virtually overnight?

Layoffs, losses, shutdowns? Nope. Still profitable.
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A) The company's worth includes more than just assets. Part of a stocks price include current and future earnings introspective. Take two companies with the same value in assets, but one is making 3x the profit, which one is more valuable?

B) Lose half value is up to more than: "did half of their assets disappear?". IF the earning prospective goes through the floor, yeah a stocks price will tumble - even if their physical assets didn't actually change. In my opinion apple was overvalued even if they met their expected earnings, so they were do for a correction. This is compounded by the fact that didn't meet their quarterly earnings forecast (Q4 of 2012).
 
brucedeluxe169 said:
Their self driving cars, if successful, flexible, and reliable, would be the biggest tech innovation since the discovery of the semiconductor.

Hell, I'm perfectly able bodied, and I would be the first guy in line to get a self driving car when they are released.... taking a nap during my commute to work and back home again? Worth sooo much money to me..... Having not to ever worry about parking my car? worth even more...
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Driving a stick shift through rush hour traffic vs sleeping through it or activating your electronically tinted windows and watching a movie while the car drives itself ;)
 
canna said:
A) The company's worth includes more than just assets. Part of a stocks price include current and future earnings introspective. Take two companies with the same value in assets, but one is making 3x the profit, which one is more valuable?

B) Lose half value is up to more than: "did half of their assets disappear?". IF the earning prospective goes through the floor, yeah a stocks price will tumble - even if their physical assets didn't actually change. In my opinion apple was overvalued even if they met their expected earnings, so they were do for a correction. This is compounded by the fact that didn't meet their quarterly earnings forecast (Q4 of 2012).
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+1

dont make such simplistic, provocative generalizations without actually knowing what you are talking about first
 
canna said:
... Part of a stocks price include current and future earnings introspective. ....
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Really?

Then how come media attention can alter the true value a company?

How could Apple have went as high as it did?

How could Microsoft take a header 10 years ago?

Stock prices are NOT based on anything other than raw speculation.

Not profit, not future potential, not assets, nothing but image and inertia.

True story. Otherwise Ponzi schemes could not function, nor could MLM. Yet they do.

A little history lesson. About 100 years ago folk started speculating on Tulip Bulbs.

Read up on it. None of this "Apple" crap is new or unique.
 
It's a philosophy thingy.

When your life is done, how did you do?

A) I took a lot of other people's labor.

B) I created. I added to the world.

Stock players are A's, the rest of us are B's.

I employ people, give them benefits and a pension, and evolve the technology of my industry.

Yeah, I could get much more money by just speculation, I'm not stupid. For my college business final, I predicted Diebold? would be a the best investment. They started making something called an ATM machine. In a semester, it quadrupled, IIRC.

But...

Money is not freedom, nor happiness. I have no idea how much I make, nor what I will do tomorrow..

And that my friend, rocks. Whether you make $1 a day or a million.
 
Qinsp said:
Really?

Then how come media attention can alter the true value a company?

How could Apple have went as high as it did?

How could Microsoft take a header 10 years ago?

Stock prices are NOT based on anything other than raw speculation.

Not profit, not future potential, not assets, nothing but image and inertia.

True story. Otherwise Ponzi schemes could not function, nor could MLM. Yet they do.

A little history lesson. About 100 years ago folk started speculating on Tulip Bulbs.

Read up on it. None of this "Apple" crap is new or unique.
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stock price is a product of publicly available information about a company and its underlying factors... it sure as hell isn't a ponzi scheme, or gamble, it just only appears that way to less sophisticated observers, like yourself. Thats not a knock against you, you aren't in the financial industry, and so the complex mechanism of it probably aren't something you are interested in, but your idea of it is completely wrong, I am sorry to say.

If it was all a casino, and purely based on speculation or luck, big banks sure as hell wouldn't pay $100,000 salaries to math and physics majors right out of college to work for them...

But yea, I know it might make you angry, but you really don't understand how the stock market works.
 
brucedeluxe169 said:
stock price is a product of publicly available information about a company and its underlying factors... it sure as hell isn't a ponzi scheme, or gamble, it just only appears that way to less sophisticated observers, like yourself. Thats not a knock against you, you aren't in the financial industry, and so the complex mechanism of it probably aren't something you are interested in, but your idea of it is completely wrong, I am sorry to say.

If it was all a casino, and purely based on speculation or luck, big banks sure as hell wouldn't pay $100,000 salaries to math and physics majors right out of college to work for them...

But yea, I know it might make you angry, but you really don't understand how the stock market works.
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Doesn't make me angry, trust me.

When you watch the same parade long enough, you know what is coming around the corner.

Tell me, Oh Wise One, why are Gasoline Prices high right now?

If your answer is true supply and true demand, you haven't a clue how any speculation works.
 
Qinsp said:
Doesn't make me angry, trust me.
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lol

Qinsp said:
Tell me, Oh Wise One, why are Gasoline Prices high right now?

If your answer is true supply and true demand, you haven't a clue how any speculation works.
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lol again... someone forgot india and china exist it seems

something tells me i'm dealing with a 20 year old who took economics 101 their sophmore year and thinks the entire system is either totally corrupt, or a casino, because of something they heard in an occupy wall st students meeting or maybe on the daily show

lol... again

lol
 
brucedeluxe169 said:
lol



lol again... someone forgot india and china exist it seems

something tells me i'm dealing with a 20 year old who took economics 101 their sophmore year and thinks the entire system is either totally corrupt, or a casino, because of something they heard in an occupy wall st students meeting or maybe on the daily show

lol... again

lol
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the thing is it IS corrupt AND a casino
most of the market is pure speculation with nothing backing it
when you have the likes of apple at over 400 a share its hare to not see
they are no where near wroth that much
 
brucedeluxe169 said:
lol



lol again... someone forgot india and china exist it seems

something tells me i'm dealing with a 20 year old who took economics 101 their sophmore year and thinks the entire system is either totally corrupt, or a casino, because of something they heard in an occupy wall st students meeting or maybe on the daily show

lol... again

lol
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Something tells me you believe things are created by moving coins from one account to another. That is what is taught today in school.

Gas prices have fluctuated wildly since the early 1970's when gasoline futures became a major investment tool. Neither China or India were players back then. Yes, I bought gas for 40 cents a gallon, and got pissed when Unleaded came out.

The price of gasoline is based on how much investors with pay for future delivery. That's all. There is no shortage when prices. It changes almost daily now.

There is so much speculation money in gas futures today, that if they passed a law to prove you are physically capable of taking delivery, it would crash the petroleum industry, and probably the stock market along with it.
 
Here's another question. If Diesel Fuel is cheaper to produce, and can be made from inferior petroleum, why is it higher? Again speculation, nothing more.

We watched the houses in our area quadruple in value practically overnight. Then it collapsed, and there are all these brand new empty houses that the "investors" let go.

Some folk got rich others got poor, but it was never supply and TRUE demand.

Speculation is a parasitic loss. It creates nothing. It does destroy things though. It's like a mild form of cancer.
 
I simply do not agree with the concept of speculation.

I do agree with investment. Where your sole intent is to improve the world and make money in the process.

There was a building next to our house that sold for 1.4m then had 350k of upgrades done to it.
I bought it for 690k, and moved into it, and upgraded more. In 2 years, it's back up to over 1m. Should I cash out? Nope. Nice building, I needed it for expansion, great location, and I hired more staff. I created wealth instead of a parasitic loss. If I flipped it, it would have a minor loss on the properties in the area. Money doesn't fly out a monkey's butt. If I make 200k, it COMES from somebody else (collectively). That's what they don't teach today.
 
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