“Even Apple Computer, it seems, can’t defy Newton’s laws forever. Shares of the company traded off as much as 7% Monday and are off some 22% since hitting an all-time high last month. The selloff follows a three-year run that has sent Apple shares up more than 900%,” Troy Wolverton reports TheStreet.com. “Analysts and traders were at a loss to explain the immediate cause for the stock’s Monday decline. But more broadly, a number of recent developments have made investors nervous, leading them to cash in on the stock in recent sessions, analysts said. ‘Everyone’s question now is how much more upside there is in Apple’s products,’ says Tim Biggam, chief options strategist with Man Securities. ‘There’s some pretty hard profit-taking’ going on, added Biggamn. ‘A lot of longs have gotten nervous.'”
MacDailyNews Take: Everyone? Or just those with a desire to see a lower share price?
Wolverton continues, “Investors have had to deal with a growing list of concerns. While sales of the company’s iPod digital music players in the holiday quarter topped nearly everyone’s expectations, the company predicted a sharp decline in sales this quarter.”
MacDailyNews Take: Yes, it’s a shame they canceled Christmas in March this year.
Wolverton continues, “…The company cautioned investors that because of its transition to computers based on Intel’s processors, computer sales could continue to be soft in the current, or second, quarter [and] some analysts and investors have worried about the impact on Apple of the proposed sale of Pixar to Disney… Analysts have also worried that the Disney position might distract Jobs — who is widely viewed as having saved Apple from irrelevance or death — from his duties at Apple… Another concern is the past weekend’s column in The New York Times that denounced Apple’s iPods as being fragile devices with a short, useful life and that accused Apple of having poor customer service.
“Last month, Apple, for instance, was trading at about a quarter of Microsoft’s, valuation, says one hedge fund manager, who asked not to be named,” Wolverton writes. “But Apple’s earnings and revenue constitute a much smaller fraction of Microsoft’s than that. ‘There’s no way you could say this business model is as good as Microsoft’s or two doubles away,’ says the hedge fund manager, who is long Apple’s shares but recently sold off 90% of his stake. The opinion of investors seems to be ‘take the money and run,’ said the fund manager. ‘A lot of people are just doing that.'”
Full article here.
MacDailyNews Take: So many worries, nerves, and concerns. Drive it just a little bit lower, guys, please? This is classic. Massaging a Correction 101? Prospective AAPL investors who believe, despite the many “worries,” “nerves,” and “concerns,” that Apple has a strong future should be salivating soon, if not right now.
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Take your money and get out, you snivelling bunch of pantywaisted wuss’s. This is a man’s job.
Apple stock buying opportunity!!!
AAPL – Short term –> down possibly below $50.00
AAPL – Long Term –> It will NEVER hit $100.00 NEVER.
GOOG (Google) – Start selling short baby………
I am not a stock analyist – these are just my opinions based on what I have gleaned from the market over the years.
Wolverton continues, “Investors have had to deal with a growing list of concerns. While sales of the company’s iPod digital music players in the holiday quarter topped nearly everyone’s expectations, the company predicted a sharp decline in sales this quarter.”
Last year, the first calendar quarter (Jan-march) in 2005 had stronger iPod sales than the quarter before it which was a Christmas quarter.. So from an analyst point of view the iPod growth is slowing down.. Sales are certainly no slouch, but growth is definitely slowing.. Unfortuantely, growth is was really drives a stock to rally like Apple has in the past few years..
i bought more today…
Murder Junkie,
If you’re so damned smart “and have gleaned from the market over the years,” how come you’re not an investment counsellor today? It’s SO easy to sit on the sidelines and evaluate OTHERS’ decisions, isn’t it? Put your money where your “gleaning” is, or shut the fsck up! Grab your savings and short Googol now, you financial genius, or stay away from where the big boys play!
Never take stock advice on Apple shares from an Apple fanboy site.
Shares have nothing to do with the value of a company and everything to do with what the market thinks they are worth.
For once Reality Check actually said something that I agree with.
The sky is falling! The sky is falling!!!
MagicWord:grave
as in people are acting as if AAPL has one foot in it.
“Never take stock advice on Apple shares from an Apple fanboy site.”
People like you said that a year ago before shares skyrocketed.
Wait until the Kaleidoscope project gets released this year.
If you have noticed, like someone else said in one of the other threads, there is still high volume going on. Someone is buying. I think sometimes people spread rumors, to get a chance to buy at a price where people that are nervous will sell, while they get the lower price, then the day or weeks before.
and then eventually get to bask in the profits that they had bought at the low price when people sold it to them. If I was a hedge fund manager I would do that. Tell bad rumors, and then do the opposite. Its like the same thing in poker. Many players will play the opposite of you to have that edge to beat you. Play loose while everyone is playing tight, and play tight when others are playing loose.
“AAPL – Long Term –> It will NEVER hit $100.00 NEVER.”
Apple is expanding in all directions. The evidence for this I read on the internet and see all around me – here in Berlin.
But, above all, the quarterly results show this, and the growth is exponential.
Murder Junkie,
I’ve copied your post and tucked it away.
In about a year from now, or less, I’ll rub your nose in it.
RC? haven’t seen him for ages, what rock did he crawl out from. First rule of Confucious ‘have the guts to talk the talk even when the circumstances tend to make you look like an idiot pissing in the wind, or don’t talk the talk at all, becaus you simply look an idiot, PERIOD’.
Nothing has changed.
Life is good.
Apple’s labs are still producing salivatingly delicious new products.
So please don’t bother watching every short-term Wall Street rinky-dink cycle… (and if they think the news is bad for Apple, then what must they make of all the other news in the sector..?)
MDN – How much stock do you own in Apple?
If an Apple fanboy site says its time to buy Apple stock, then you know its time to sell.
i owned 7500 stocks…. they just left me in a stopp-loss of 72.50$ made about 90 000 in 5 months.
Now the only thing to do is sit back and observe… it might go down a bit more.. it certainly will go up again. To be on the winner side: wait until these rumours are over and new products are being announced.
ALWAYS TRADE WITH STOPP-LOSSES!
Ah yes — it is fun watching Apple crash. With slow computers, non-selling laptops, no software for their new intel computers, 400% decrease in speed of intel laptops and viruses just around the corner show the end is near. Once Microsoft starts to sell Vista at the end of the year Apple will have nothing left to sell and will go out of business. Too bad that you fan boys have all that stock but as PT Barnum said, there is a sucker born every minute and anyone that has purchased this stock deserves to get hosed.
Sell, sell, sell. Everyone say after me, sell Apple stock. Sell, sell, sell.
I need to make some quick cash.
Apple doesn’t have as good of a business model as Microsoft? I guess that means that just because they don’t have the ability to stongarm people into buying more substandard product, that means the business model is flawed.
And to “Me” that post is funny. You should consider a career in entertainment. Or is this just sour grapes because you were to much of a stinkin idiot to buy when it was 12$ ?
observer – So you made $90,000 on your 7,500 “stocks” (its shares)in 5 months and you sold the stock at $72.50.
That means you made about $12 per stock which means you bought the stock at around $60 a share.
5 months ago when you bought your stock the price of apple was around $46 a share.
The last time it was $60 a share was early November. 3 months ago. So you should have made lots more money.
Hmmmmmmmmmmmmmmmmm……I love braggards of the fictional stock world.
Well, now you have to 30% in capital gains tax to pay, enjoy your stocks!
Beleguered Apple is GOING DOWN!
Reminds me of that scene in Forest Gump when he pulls out that stock certificate….