Apple’s stock hit hard recently, but it’s been worse

“Back from my trip west, and getting a look at Apple’s stock performance and the picture is kinda nasty given the life-time high closing point the stock hit on Dec. 28. Since then it’s been a rough ride, as about a third of its value has been erased, most of that on Jan. 23, when it fell $16.57 or more than 10%. Ouch. On a split-adjusted basis, that day qualifies as the single-worst price drop in Apple’s trading history,” Arik Hesseldahl blogs for BusinessWeek.

Hesseldahl writes, “But there have been worse days when you measure the drops by percentage. According to my spreadsheet, Jan. 23 was only the 14th worst percentage drop ever. The worst single-day fall was the 52% drop on Sept. 29, 2000, followed by the 24.37% drop on Oct. 19, 1997.”

Hesseldahl writes, “And as multi-day drops go, this period is pretty close to the worst, but not quite. Over 24 trading says, Apple has lost about 34% of its value, with an average drop of about 1.7% a day. I had to look way back to find a comparable period that was worse, but I found a few that compare.”

Full article, including Hesseldahl’s table of AAPL’s 20 worst percentage-drop days, here.

19 Comments

  1. And it\’s going to get worst before it gets better.

    I told you back in December and before that even Apple can\’t weather a post real estate bubble recession and the stock will tank.

    I told you to take your profits before the new year, but you labeled me a troll.

    Well now you\’ll just have to ride out the storm, because this recession is going to last awhile.

    The Japanese post real estate bubble recession lasted several years.

    Apple announcing $3000 laptop computers that don\’t do squat doesn\’t help. They be better off worrying about keeping people employed with a low budget Mac with more features than Dell.

    But hey, $18 billion can cover overhead for a little while.

    It\’s likely making a few million a week in interest.

  2. and of course, you profited from your own wisdom, shorted the shite out of aapl and you’re now engaging in clever forum repartee via your iPhone whilst tooling around in your Ferrari.

    Yes, how did you guess?

    You know to shift a Ferrari into first gear, it’s down and left, not up and left.

    It sounds like a jet engine and the body finish is sooo smooth, it’s sexy.

    My girlfriend likes making love on it. ” width=”19″ height=”19″ alt=”smile” style=”border:0;” />

    By the way, it TOOK 13 YEARS for the Japanese post real estate bubble recession to turn around.

    http://www.mises.org/story/1099

  3. @StockTraderz –
    sizzzzzzzle, sizzzzle.
    Sound you more likely hear.

    As a cook at Burger King…
    ————–
    “My girlfriend likes making love on it.”
    Yeah, with me while you are working at the BK.

  4. When Steve Jobs told stock investors to “hold on” a few weeks ago, he wasn’t inferring the stock would immediatly go back up and everything would be peachy.

    He rather was telling the fools that still owned APPL to hold on for the SUDDEN DROP OF DEATH!!

    muhahalalala

  5. “By the way, it TOOK 13 YEARS for the Japanese post real estate bubble recession to turn around.”

    Yeah, but their central bank took advice from the United States and didn’t adjust interest rates or anything like that.

    Fortunately, we’re smarter than to take advice from those idiots…

  6. At least Apple’s long-term survival isn’t in question.

    Unlike certain other OS vendors, who have nutcase CEO’s, multiple money-losing divisions, an utter inability to deliver useful new product, and a notion that paying tens of billions of dollars for has-been portals are key to the future…

  7. @ Peter and StockTraderz The Japanese took only partial advice from our Central Bank and did not write down nearly enough losses for their non producing assets due to their cultural idiosyncrasies. Their Kieretsus (vertically integrated financial concerns) kept pumping monies into non performing loans way longer than they should have hencethey kept shooting themselves in the foot multiple times prolonging their pain.

    Here this bubble thing has already been written off by all the major concerns (Merril, Citi, JP Morgan Chase,Glodman Sachs), who ever was involved in the sub-prime mortgage mess has either been bankcrupted or has trheir assets on the block. The only thing that will keep this mess going is hemmoraging more money and personel in Iraq, starting sh!t in Iran and or Pakistan. That aside this mess is already turning around.

    Most of the written off loans haven’t even defaulted yet but they are expected to unless by some miracle the majority of the home owners that accepted those loans get the relief necessary (no 100% baloon payment in the next few months) in the form of converted fixed mortgages at the new appraised rate with the banks only having to write off a percentage (say 20%) of each mortgage. Sort of a government backed refinance where your loan is absorbed into the FHA system, it would be fixed at a lower rate and at a payment that each home owner could afford possibly with extending terms (40 and 50 year mortgages).

    I figure APPL wil be back on track over the next 2 quarters note history since when Jobs returned.

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