“On the last trading day of 2014, Apple opened at $112.82 per share and closed the holiday shortened trading session at $110.38, down 2% on the day,” Jay Somaney writes for Forbes.
“Apple is set to exit 2015 the same way it exited 2014, on a losing note,” Somaney writes. “Hopefully, the loser theme does not carry through all of 2016 like it did all through 2015.”
Somaney writes, “Of course, after Apple reported December quarter (2014) numbers in late January of 2015, the shares did make new all-time highs in February 2015.”
Read more in the full article here.
MacDailyNews Take: Enough with this 2015 already! bring on 2016!
Stock Market 101: Wall Street doesn’t control, decide or “set” the price of a stock. Nor does the success of Apple have any direct effect on it. When traders are (in general) more interested in selling it than buying it, the price of a stock declines. The opposite is also true.
If you “Play” the stock market (trade) you quickly find the only way to make money on a rising stock is to be among the first to buy it (when it is still low). And the only way to avoid losing money on a declining stock is to be among the first to sell it (when it is still high). The net result, folks, is traders don’t watch the company behind the stock. They are watching each other. If a few start selling a stock, the rest rush to sell it, too. If they hear some news (or some analyst’s comments) that they think will cause other traders to react, they will try to be among the first to so react. Thus they become a self-fulfilling prophecy.
Investors, on the other hand, are interested in the company. They buy and hold for the long term. For them, it’s a savings account with (hopefully) a better return. But because of this, Investors don’t influence price changes in any way.
Wall Street is not smart, stupid or clueless. People who cry, “They just don’t understand Apple,” don’t understand the market. It’s a mob-mentality, pure & simple. They don’t care about you, me or Apple. They only care about each other and any “skill” they may have is simply the ability to predict what other traders might do before they do it.
I’ll get off my soap-box, now.
A complete dog of a stock – the big money has lost faith unfortunately and is selling hand over fist !!
“MacDailyNews Take: Enough with this 2015 already! bring on 2016!”
No, bring on new things. No better thing then to get into the broadband business like Google. Apple will never get anywhere dealing with cable companies. Apple needs to start laying down fiber optic pipe.
Break the market into separate entities… one for investors and one for day traders so they get rich and go broke off each other rather than serious investors. And only investors should get dividends.
Apple is a consumer products company, not God. It makes products you may of may not like.
The stock market is the mechanism by which the rich convince the poor that they too van be rich by giving up money to this Ponzi scheme and the illusion of open markets.
sorry, you lose.
Bring on the next earnings report. Assuming the shares do rise I’ll be selling off a hefty portion of my holdings. I’ve had them for 5 years and I’ve made a good return, but to have a whole year with negative growth in the stock when things are supposedly going gangbusters is not acceptable. Good luck to everyone who has held for a decade or more and has gotten great returns. Whatever your sitation is, being too heavily invested in one stock is suicidal. Whether it’s a problem with Apple, Wall Street or both, I have better things to do than follow this stock.
Spot on research – I too will be exiting my remaining 2/3 position the third week of January – sold the other 1/3 a few weeks ago @ 122, this stock has become a joke on Wall Street regardless of its stellar earnings and profits – doesn’t seem to matter whatsoever or translate to a higher stock price, love the products and will continue to purchase hand over fist, but the stock is completely and utterly broken – one look at its PE is all you need to see, had higher hopes for this stock – time to move along – HNY everyone and good luck !!
I love these posts. This is what wall street would call “capitulation”, and this is when the so called smart money starts buying again.
This should be no surprise.
You are right on the target, Steve Carl. This is one of the best definitions yet. Everything else is smoke & Mirrors.
CORRECTION:
AAPL looks to close out 2015 on a losing note
As we all know around here, the valuation of AAPL has
N O T H I N G
to do with actual Apple Inc.
Instead AAPL’s valuation has everything to do with manipulation, FUD and utter BS. Meanwhile, Apple Inc. has never had a better year. Figure that out.
Don’t forget the Illuminati, aliens at Area 51, and Bigfoot – they are all intricately involved in the conspiracy.
…Trilateral Commission, Bilderberg Group…
♪♪ Everybody wants to rule the world… ♬
The stock market is a rich mans game. It is not for the average middle man. That is why we use a Family Financial Planner. This works a lot better. IMO……
Wall Street will continue to fleece the public as long as it is able, but the Worldwide Depression scheduled for 2016 is going to come home to roost.
The Stock Market (as in bringing dumb cattle to slaughter) is not Apple Corporation.