“Apple Inc. finally started to feel some love from investors on Tuesday following a four-day selloff that clipped more than 6% from the shares since the company held its annual shareholder meeting last week,” Dan Gallagher reports for MarketWatch.
“Out of a dozen stocks on the S&P 500 with market caps above $200 billion, Apple is the only one to be negative for 2013 so far, according to FactSet,” Gallagher reports. “The other 11 firms have averaged a gain of about 10% since the first of the year, while Apple is down more than 18% in that time frame.”
Gallagher reports, “Apple remains the largest firm on the S&P 500 with a market cap of about 407.5 billion, based on current prices, though Exxon Mobil is back to nipping at its heels with a market cap of about $403.5 billion.”
Read more in the full article here.
MacDailyNews Take: Sentiment.
Stick and stones may break my bones but names will never hurt me. pft…
In for the long haul.
Google trading at near $840 is COMPLETELY galling. So NOT worthy. Why are seemingly immune from the Wall Street Shuffle?
After years as one of the biggest gainers in the market, Wall Street and analysts turn fickle over rumors and speculation. Whatever, they were looking for excuses to bail and essentially satisfied their own prophesies.
My family has made some good gains with AAPL over the past decade and expect to make a lot more in the future. AAPL isn’t the only thing that I own, but it is certainly my best investment over the years, even given the rather large recent downturn. I timed several events successfully since the mid-1990s, but I must admit that I underestimated the depth and duration of the recent AAPL pullback. That said, I am still well into the money.
Don’t kid yourselves, we’ve seen this before. The stock is just being pumped up so the institutional traders and analysts can dump their shares by the end of the day or early tomorrow, tanking the stock once again.
Still, it’s nice to see a small bounce going in the same direction as the general market, no?
No.
I’d like to see a big, long bounce and not from a basketball.
I think you have it backwards. The institutional traders have been selling to about the $500 level. Then the skittish retail investors have been shaken out and dropped it the last few bucks while the institutions have been buying back. They are continuing to buy while the market is low and keep pumping rumours out to keep the price down and shake out the last of the skittish retail sellers. As the market rises, those retail investors who bought in higher will sell when the price gets to their personal break even point and they will watch the market push the price towards new heights. When these retail buyers start getting in, the institutional traders will start to sell.
It is simple.
Then you should be doing quite well. Because as you say, “it is simple”. Or do you just talk about it? Because a man who doesn’t act upon his own convictions is……….
Thanks, I do well in the market. I took a course and have good software to trade using the Elliott Wave methods.
I’m loving the hate directed at me in this forum. Loving it because it won’t be long before I’m proven right in saying that AAPL and Apple Inc. are not going to recover from the collapse we have watched for the past six months (or more) as long as Tim Cook is at the helm. He will be gone soon. Recovery will begin. Then we can look back at the MDN archive and I will be all smiles. And, I’m not a troll, I’m not a 12 year old in my mother’s basement in Korea, and I’m not wrong. My history as a faithful Apple customer in possession of everything they make, and as an AAPL investor still with impressive gains even in the $300 range would stand up against any commenters on this site. So keep up the hate. You will look foolish, I will look smart.
Tiny Peepee, you will always look like a begrudged dick to us.
At this point, absolutely nothing surprises me. This whole Apple fiasco is like watching some Bizarro reality show or some poorly-written hallyu drama. Say whatever you want. It either happens or it doesn’t. Hopefully I’ll still get some increased dividends from all this mess.
It speaks volumes when you say that you are loving the hate directed at you. I have tried and tried again to point out that a singular idea does not make you smart, and that you need to diversify, yet you never do.
In terms of intelligence that puts you sub par of a broken watch, for a broken watch is right at least twice a day.
Even if you are correct in your assessment of Tim Cook your idea of looking back and expecting others to think that you are smart will not outweigh the idea that many of you have of your obsession with Tim Cook.
Diversify, or seek help, that would be the smart thing to do.
Mr. Warrior – I’ve got all kinds of ideas including those that have been offered up by responsible contributors to MDN. But, since Tim Cook isn’t looking or doesn’t understand (clueless) what good does it do to advance them while he’s at the helm of this sinking ship?
“I’ve got all kinds of ideas including those that have been offered up by responsible contributors to MDN.”
Good, let’s hear them, or even giving the thumbs up to someone who echoes sentiments that you agree with. I’d like to hear about your other ideas. It does good for the Mac community and for you. People are labeling you a troll and giving you flak, that’s fine, it happens to me too, but then again there are others that agree with what I say and treat me with civility. I try to give a variety of ideas toss some humor around and for the most part (although there are some exceptions) I try to respect those that put forth intelligent ideas and a sense of humanity.
I guess what I am saying is that if you come off like the boy crying wolf, or chicken little running around saying the sky is falling you will get different results than if you say the emperor has no clothes. Sometimes an idea only needs to be said once.
It’s just a suggestion mind you. As I’ve said before I like your idea about Tim Cook’s ability to lead Apple. I don’t share it, but I am a bit more patient and I’ll wait to see how it goes over the next few years.
I believe that the Apple team on the other hand still has the mojo and I am patient enough to wait, and be marveled like I have so many times before.
Anyway, just some thoughts. Thanks for calling me Mr. by the way, that’s appreciated.
In a scenario of Tim Cook gone what makes you think anyone who replaced him would do a better job or wouldn’t suffer exactly the same scrutiny going forward? ppeterson hasn’t made a case of just what a change like this would improve other than “any change just based on perception alone would be a good one”. Really disingenuous and frankly I think you will be disappointed not only by the fact this won’t happen (I mean the far more dropkick deserving Steve Ballmer is still entrenched in place) but Apple will continue on a successful course whether Wall Street believes it or not. CEO’s and company’s usually are not bad-mouthed and undervalued because they are TOO successful. The whole situation is one right out of the TWILIGHT ZONE & BIZARRO WORLD.
Stock is just a fraud .