“Apple Inc. shares fell to their lowest levels in more than 16 months Monday as two analysts cut their ratings on the Mac maker’s stock due to a growing risk that consumer spending on high-end electronics is slowing down heading into the end of the year,” Rex Crum reports for MarketWatch.
“By the time the market closed, Apple’s shares (AAPL) had fallen $22.98, or almost 18%, closing at $105.26. The stock has plunged nearly 40% over the past month on worries about slowing demand, as well as the technical issues that have plagued the launch of its 3G iPhone,” Crum reports.
MacDailyNews Take: “Worries” in the absence of proof. And, if that’s a “plagued” launch, thank you sir, we’ll have another:
• Apple intends to make at least 40 million iPhones in the next year – September 22, 2008
• Apple iPhone: 8 million total units so far – September 02, 2008
• Analysts estimate Apple will sell 3 million Macs, 5 million iPhone 3G units this quarter – August 22, 2008
• Apple iPhone now available in 43 countries to 660 million potential customers – August 22, 2008
• Apple inks iPhone deals with 3 Russian carriers; expects sales of 1.8 million units per year – August 22, 2008
• Report: Apple plans to build 45 million iPhone 3Gs in next 12 months – August 22, 2008
• Lehman Brothers expects Apple to sell 12.1 million iPhone 3G units this year – August 14, 2008
• Piper Jaffray analyst conservatively expects Apple to sell 4.47 million iPhones this quarter – August 13, 2008
• Analyst: 3 million iPhone 3G units sold in first month – August 11, 2008
• Apple CEO Steve Jobs: Over 60 million apps downloaded from App Store in first month – August 11, 2008
• Apple sells one million iPhone 3Gs in first weekend – July 14, 2008
Crum continues, “Before the opening bell, Kathryn Huberty of Morgan Stanley cut her rating on the stock to equal-weight from overweight. RBC Capital Markets analyst Mike Abramsky made a similar move, lowering his rating to sector perform from outperform.”
Crum reports, “Huberty said several factors present a challenge for Apple as it tries to maintain its growth rates in the PC market. She noted that Apple has about 69% of the market for U.S. consumer PCs that cost more than $1,500, saying that ‘the combination of slowing unit demand and a shift to lower-end price points put Mac growth at risk.'”
MacDailyNews Take: Based upon what? Nothing of any substance.
Crum continues, “She also said that slower growth, along with more investment to expand Apple’s iPhone reach will drive up the company’s operating expenses and put pressure on earnings next year.”
MacDailyNews Take: Proof of Apple’s slower growth? We see none.
Crum continues, “Morgan Stanley was concerned that consensus estimates had not been revised downward to reflect slowing consumer demand.”
MacDailyNews Take: Perhaps consumers will become more discriminating and choose higher quality Apple products over inferior junk that comes with lower sticker prices but higher total costs of ownership? Yes, we agree, it’s probably too wishful to expect most people to actually think before buying, but hope springs eternal.
Crum continues, “At RBC, Abramsky lowered his price target on Apple’s stock to $140 a share from $200, saying that the stock isn’t ‘recession proof.’ The analyst predicted that Apple would report good Mac sales for its fourth quarter, which finishes at the end of September, and said he anticipates unit sales will rise 34% in the quarter from a year ago. However, Abramsky trimmed his estimates for Apple’s Mac sales to 2.9 million units from 3 million, and there is an ‘elevated risk’ that the company will give a disappointing first-quarter forecast.”
MacDailyNews Take: Typical manure shoveling. Apple always gives overly-conservative, sorry, “disappointing,” guidance. Newsflash: They’ll likely do it again next quarter. And the quarter after that. And the quarter after that. By the way, in January, Amramsky spoke favorably of Apple’s potential to weather the ongoing economic downturn, explaining that while the Cupertino-based firm is certainly not “recession proof,” it exhibits signs of being “recession resistant.”
Crum continues, “Abramsky cited an RBC survey of 4,300 people that showed the expressed intentions of consumers to buy a Mac are down. The RBC survey said that 29% of respondents intend to buy a Mac over the next 90 days, down from 34% in August.”
MacDailyNews Take: Duh. That’s no surprise when all we hear via a poorly-educated and unprepared media is that we’re about to enter a “depression.” Morons. In our opinion, these two analysts’ analysis of Apple are highly specious and reek of panic, among other things. By the way: According to Abramsky, 29% of consumers surveyed intend to buy a Mac over the next 90 days. Think about that for a second.
Think about this, too:
• Apple smashes Street; reports record third quarter results, all-time high Mac sales – July 21, 2008
• Apple smashes Street, reports record second quarter results – April 23, 2008
• Apple beats Street; reports best quarterly revenue and earnings in company history – January 22, 2008
• Apple bulldozes the Street; reports revenue of $6.22 billion, record 2.2 million Macs shipped – October 22, 2007
• Apple smashes Street; posts record Q3 revenue and profit – July 25, 2007
• Apple smashes Street, posts revenue of $7.1 billion and record net quarterly profit of $1 billion – January 17, 2007
Full article here.
AAPL lost $20,357,430,480 ($20.36 Billion – with a “B”) in market value today and that, dear friends, is simply wholly disproportionate to reality. Period.
Those who keep their heads when others panic often profit handsomely.
Wall Street is a game. If you decide to participate, play it well.
@ 111
and 108
will add more under 100
and to the us congress F%^K Y*&
Just waiting for Dubai to offer their Amex… I mean, Dubex card and take care of the whole thing.
No monthly payment, either….
How much of this is related to the realities of the world, and how much is due to hedge fund manipulators?
…. dang.
The very idea of buying shares of this company at a 52 week low makes me the happiest man you will ever meet.
Sold all my HD and QCOM and purchased AAPL at 107.00.
MDN’s knowledge of financial markets is totally worthless. The reason every fscking company’s stock dropped has nothing to do with analysts, but because Wall Street is whining because they can’t get $700 billion in hand outs from the US government. Apple is getting hammered, because every short-seller is having an orgasm. Apple could release the 10G iPhone today, and the markets would short it.
Hey MDN, which part of DEPRESSION isn’t clear to you and how it affects ALL stocks, dickwads?
Is it because of a few analyst downgrades or the larger issue of the bailout that John McCain promised he’d deliver?
Apple will probably drop below $100 by tomorrow.
TIME TO BUY APPLE STOCK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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@OnlyMacs
Due to the way history is with Apple, they’d release the 10G iPhone and stocks would tank. Analysts would praise it right away though so that theycan buy it all up when its down then watch themselves make a nice profit all from typing up bullshit and putting it in the paper.
yea, dont take it personally, but the US economy is going down the shitter,
MS and Google are down about 10% and Apple is considered a luxury brand..
Perspective much?
The Wall Street Gang is running around with their hair on fire. The economy will do what the economy will do and eventually the market will stabilize. No point in bailing now – all you will do is lock in your losses. Look at the fundamentals – Apple is a successful company with boatloads of cash in the bank. Across the board NASDAQ leaders got hammered today losing about 10% on average. Apple did worse. So what. Relax and take a long position. Panic and lose your money.
Microsoft dropped 8.39% today for a net loss of $19.22B
Google dropped 11& or $50/share.
It’s not just Apple.
Look at it this way:
Food, clothing, and shelter are necessities.
iPhones, iPods, and iMacs are not.
Hence AAPL getting clobbered.
Was much of today’s loss undeserved? Hell yeah. Just Wall Street throwing the Mother Of All Shit-Fits because they’re not gonna get the Mother Of All Handouts.
But if the economy does crap out & people are forced to focus on the essentials, that’s not good (in the short-term) for luxury and discretionary makers.
Still, Apple’s a great prospect for the long haul, if you have the stomach for it.
The USA is melting.
The wicked witch of the west is going up in smoke!
I will dance on its ashes!!!
For years the US has tortured other nations and enslaved them – now they will taste the fruit of their own evil!!!
Barft: You’re a fscking moron.
OK, Congress has held hearings on the Oil Industry. Housing will be next. May I nominate stock analysts and their meaningless ratings after that,
Buying opportunity at hand. Pick-up some AAPL at a bargain price in the $100.00s or less. It makes a good medium term investment, if you put say more then $10,000.00 in AAPL and then planned on holding it for less then 24 months you could double your money or more.
My Plan is to buy at $100.00 or less putting in $500,000.00 (or about 5,000 shares) holding the block till the price is over $175.00 then sell the block.
The things the idiots keep forgetting about:
1) deferred iPhone revenues
2) iTunes is the central biggest center for convenient, low cost, entertainment value for cash strapped consumers.
3) Consumers love a winner, iPhone, iPods, and Macs are winners.
4) The sub. $1000.00 market has been geek buying not consumer buying. It’s like the Netbook sub-note book market is full of geeks buying not regular customer buying.
5) Enterprise and Education buying Macs and Macbook Pros are increasing.
6) Dell is working it’s way to a swift exit from the industry of Desktop PCs.
7) Microsoft is 600 billion is Advertising to counter Apples growth and expanding Marketshare
8) the tipping point is lower then it has been in years in the OS game, If Apple squeezes just a 12.5% US marketshare in the next 24 months Apple stands a fair chance of a critical mass market tipping away from Windows.
9) The Apple Store shopping experience
10) Developers are moving to Apple’s Platforms quickly
Barft – you posted in the wrong forum.
The forum you should have posted in was,
“Worthless comments from haters that can’t get laid.”
Glad we could help point you to the right area.
Today is one of my happiest day one of them is seeing Apple falls!!!! I LOVE IT the more they fall the happier I get till they die.
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I wonder what our friend Laura Goldman has to say about this…
Not from this part of the world, are you, RIP Apple? If you’re going to post such drivel on Wester sites, please do so in the English language, not the poorly translated patois you’ve gleaned from “Beverly Hillbillies” reruns in Tehran.
Pathetic, ignorant bastard.
Bought mine @ 11 way back when. I can ride this out, no problemo.
I guess Obama has found a new preacher — its Barft
OUCH! Thank god, I got most of my shares back when it was $84, a year and a half ago. I put a limit order to buy 400shs more at $100, but didn’t hit today. OUCH!
@other side
“Look at it this way:
Food, clothing, and shelter are necessities.
iPhones, iPods, and iMacs are not.
Hence AAPL getting clobbered.”
Well gold is up, last time I checked precious medals tasted like crap.
You can thank those idiot Democrats – Frank, Dodd and Shumer for blocking reform to Freddy and Fannie in 2006. It’s all about the rights of the underprivileged to own property that they can’t afford.
The ex FDIC director who formulated the S&L;bailout has some excellent ideas such as revising the accounting stands for FMV and eliminating naked short selling as starters. But most of those idiots don’t have the sense to figure it out.
Pure, unadulterated bullshit, as usual, from the financial analysts. As if there wasn’t already enough rock solid proof of just far up their asses their heads usually reside, the current meltdown of the whole friggin’ ball of wax should dispel any lingering doubts about that.
And they want to bail out these people with my tax money? No way. Market people need to die. They all need to die.
well – RIMM dropped 13% today also, and don’t forget that’s after it fell about 27% this past Friday. NOK, GOOG both down ~11% today, not just AAPL. Panic, not rational reasons.
but Apple makes for good headlines, to feed the panic.
anyhow, I’m with @MTS
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“Look at it this way:
Food, clothing, and shelter are necessities.
iPhones, iPods, and iMacs are not.
Hence AAPL getting clobbered.”
iPhones and iPods, yes. But computers? iMacs, MacBooks? A lot of people DEPEND on computers to make their living nowadays. And they buy reliable, good computers when it gets tight.
Which is why Apple sales of computers are booming right now.
there is comments here about apple “boat loads of cash”, one can only hope it’s real cash such as euros not banana dollars. I agree with those that our saying buy apple. but i would wait to see it go further down, not because the company deserves it but because speculations and the de-facto financial crash of the us dollar will contribute to putting all kinds of companies in stormy waters.
Yep and MS keeps chugging along. This is how they win. No matter what happens, companies need to buy cheap, crappy hardware that runs Windows. *caching* for each one for MS. Easy money for the monopoly.
MDN never fails to be arrogant about Apple products, and at the same time being ignorant about how the equity market works. What MDN fails to understand is that market is forward looking, the price yesterday and today reflects the expeted earnings of a company for the next several quarters, plus, in the case of Apple, a lot of speculations. If the market condition changes that will affect the company, price will be adjusted. And when that happens, it will usually over-shoot itself, in both directions. No one doubts the fundamentals of Apple, but fundamentals alone will not carry you for the day, although in the long run it will.
Keep in mind that 97% of the five year periods, and 100% of the 10 year periods in the stock market’s history have made money. And this just in: Just looked out the window and the sky is NOT falling.
Soon it will be so cheap that Sony (or someone else) will buy Apple.
“You can thank those idiot Democrats – Frank, Dodd and Shumer for blocking reform to Freddy and Fannie in 2006. “
That is less than half of the problem. As irresponsible as Fannie and Freddy are, it was the Fed’s issuance of unlimited amounts of credit that made their screw-ups possible.
-jcr
” I put a limit order to buy 400shs more at $100, but didn’t hit today.”
Little tip: set your limit orders just above or below round numbers like that.
-jcr
Today’s 17.9% drop in AAPL is indeed a combination of market panic (due to the failure of the U.S. House of Representatives to pass the Emergency Economic Stabilization Act of 2008) as well as sector fundamentals (i.e. the analyst downgrades from RBC and Morgan Stanley).
Basically, the stock market is pricing AAPL and RIMM as being in the same sector — smartphones — and when RIMM imploded after its earnings last week, AAPL got tarred with the same brush.
AAPL’s balance sheet is strong, and so it can easily repeat what it did in the previous economic downturn (2001–2003): ride it out.
Catalysts for AAPL in the intermediate term:
– Passage by the US Congress of some bailout bill. This will probably happen in October 2008, but if politics intervenes, it may not happen until next spring after the 111th Congress is sworn in after the elections.
– New product release? Rumors abound of a “brick” product, which may or may not exist, and which may or may not be released on October 14. Take this with a huge grain of salt until/unless it actually happens.
– Quarterly earnings. AAPL’s fiscal Q4 2008 earnings will be released on October 22, after market close. Current analyst estimates are for AAPL to earn $1.21. If AAPL can exceed both top and bottom line numbers, it will restore investor confidence in AAPL’s ability to ride out the economic downturn.
– MacWorld Expo and fiscal Q1 2009 earnings. These will both occur in January 2009.
Downside risks:
1. AAPL has a history of providing conservative guidance, and this will probably continue. It may get even more conservative, given the challenging economic environment.
2. Margin declines may arise from investment in new products (as hinted at the Q3 earnings conference call) and declining price points due to pricing competition and possibly reduced revenue. Investors always declining margins and will punish growth stocks that exhibit any hint of declining margins (cf. RIMM last week).
3. Political and headline risk. This is market wide and not specific to AAPL, but it will affect AAPL — along with other tech leaders — nonetheless.
If you have cash to invest and wish to purchase AAPL, watch AAPL as it approaches the psychological $100 support level (*). Does it stabilize and start to consolidate for the next several days and/or weeks? If so, that may be a sign that seller exhaustion is setting in, and it may represent a buying opportunity.
It is a truism on Wall St. that the bear market reversals catch everyone by surprise — and result in the biggest gains.
(*) Round numbers can provide some support (or resistance) for sstocks. This occurs for no particularly rational reason, but it does occur and is worth keeping in mind.
tb2 wrote:
“Just looked out the window and the sky is NOT falling.”
Nah, it’s just brokers jumping out of the windows above you.
Truth is, I’m a bit concerned that MDN is offering this “advice” in the form of news (because one could misinterpret their one eyed Apple patriotism and remarks about analysts being idiots etc as implying the stock will rebound soon and you’ll become rich riding that wave.) Ok, they didn’t actually say “buy” but they might influence *someone*. And I wonder if they’ll get sued when things come crashing down further? Hey, if you can sue for slipping on a drink you spilled, then slipped in and win, suing for dodgy investment advice should be a breeze.
Apple is a pretty sound company that makes products that appeal to affluent, educated customers. These folks are not choosing between a computer or food, they are choosing how to spend a more limited discretionary income. Apple’s appeal all along has been a superior value proposition. Apple should do relatively better than Windows box makers who’s appeal is to low-end consumers and the enterprise market.
You can thank those idiot Democrats – Frank, Dodd and Shumer for blocking reform to Freddy and Fannie in 2006.
Placing blame now is like the crew of the Titanic arguing over who the iceberg.
Everyone shares fault for a fsckup this big.
aargh.
“who the iceberg” = “who hit the iceberg”
Apple is a pretty sound company that makes products that appeal to affluent, educated customers.
Like bankers and stock brokers?
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If/when AAPL hits double digits again, I’m loading up. Fsck Wall Street and all its losers. They have never understood AAPL and will understand less how someone like me will become rich while they will be forced to live in subway tunnels.
Ummmm, Ron Paul anyone?
Folks!! the brick is an under $1000 MacBook!!!
Sorry to be so naïve, but what happened to the value of MSFT and other tech companies today?
Quick Summary to Educate:
1. Mortgages were bought and sold – loans given to those who could not truly afford a house based on their income, credit score, job status, etc…
2. The government encouraged this mess with regulation to allow loans of this reckless type to be made – legally so, to be made.
3. Bush, Schumer, Dodd, GOP and DNC fine folk all bragged about the number of new home owners – and took the credit.
4. The economy starts to slow over the past year, housing valuations fall, people bail on their mortgages, small business loans, etc… and the banks that bought all this bad paper are left holding the bag.
FUTURE: The problem with letting the banks simply eat it is simple. Fannie May and the like were developed to buy loans from smaller banks. This gives smaller banks cash, which they can lend for mortgages, car loans, home improvement loans, and perhaps most importantly, small business loans.
Without any of the big banks in existence, banks across this country will have no cash to loan, and no one to sell their loans too… The result is: Want a car? How about 15% interest for very, very, well qualified buyers. How about getting zippo for a small business loan.
In short, how about watching us not slip into a fully realized recession, but cruise right by and hit a full fledged depression.
It isn’t pretty folks, and the last thing we need is Government controlling our banking system all the more. They had a big hand in screwing it up in the first place.
Congress should put forth a bill that lends insurance to various products that have gone south, and manage it accordingly. Gov. need not buy the bad paper, that will only encourage the greed and cycle to begin anew, along with corruption and payoffs to oversight and regulatory bodies. No, we simply need an insurance program. As the economy moves north again, these products increase in value are sold, and the insurance will be used on very few of these loan bundles.
The result will be $300 billion over perhaps 5 years that will be used to insure the bad products, while the rest of the market will return the value and buyers back into homes and borrowing.
There you go.
The big hedge funds can’t short financial stocks (because the SEC says they can’t for now) so they are shorting everything else. Plus macro economic factors are in play. But two analysts downgrading Apple at exactly the same time for no good reason … this seems like coordinated market manipulation. Almost as bad as after hours trading. The stock market is a big joke because The SEC nevers regulates or punishes anyone.
Waow! And have you seen Nasdaq’s? If Apple’s shares fall… the others will fall even harder! Might be the end of the shareholders’ world…
i hang out with a lot of business and i/t people and i have yet to find one with a UMPC or EEE computer. the majority of them are using mac and dell full functional laptops.
as for decreasing demand, i just bought a 3g iphone. my business partner bought one a week before me and 3 others in our office have either an 8 or 16 gig model. another partner bought a mac book, when her husband decided to get a macbook pro. so at least 10 apple devices in the space of 4 weeks. and no, these guys aren’t rich, it was just time to upgrade.
slowdown? what slowdown?
This is Sarah Palin’s fault.
Imagine if you were a CEO with, say, $20B in cash. And you knew the crash was going to happen sometime. When companies are crumbling and you can buy blue chips companies for pennies, who will you buy?
MacDailyNews Take: No list of dumb Apple predictions can be complete without this year’s gem: “I am putting a sell on Apple, the company that created the iPhone,” Laura Goldman, investment advisor, LSG Capital, May 21, 2007. AAPL closed at $111.98 that day. Apple has risen approximately 70% since Goldman’s “sell” recommendation.
“Apple takes insane pounding on dubious downgrades”
Change a few words there and you have a great title for a Jenna Jameson movie.
“In short, how about watching us not slip into a fully realized recession, but cruise right by and hit a full fledged depression.
It isn’t pretty folks, and the last thing we need is Government controlling our banking system all the more. They had a big hand in screwing it up in the first place. “
What typical Republican BS! The Government screwed it up by NOT having a hand in the banking system. It was DEREGULATION that allowed massive fraud, which resulted in millions of bad loans. So what to Republicans want to do to fix it? They want to get the Government out even more!!
Reality Bytes:
#1 There is no melt down – a market drop of 6% is not a meltdown. No matter what the news folks tell you.
#2 The folks who screwed this up should not be given a get out of jail free card. All the Feddie Guys and Treasury Guys and Bush and anyone else who approved of the deregulation that went into place after this happened in the late 1920’s should be hung or shot or both!
#3 The money is not drying up – it is going somewhere else. I have a very good friend who is making a mint right now because people are moving out of the shares/stock market and into his investment environment – and no I won’t tell you – you don’t have enough money. Trust me. Minimum drop in his world is $1 Billion (with a “B”).
#4 APPL is a great buy. if you can pick up at least a couple thousand shares.
#5 When the Feds say they are retracting “X” dollars (X = A VERY VERY BIG AMONUT OF MONEY) from the M1 – then you need to worry about a recession. And there is no way the market will be manipulated into another depression. Too many warmongers self interest at heart.
#6 If you don not know what I am talking about look for Zeitgeist on the web – watch it and then make some wise sound decisions.
#7 Do all you can to stop short selling and all forms of options – it is what ruined the market in the 20s and it is trying to do it again. Read P&Ls;and Balance sheets and make smart decisions. Become a Warren Buffet investor.
Cheers.
Oh by the way… if you really want to know:
Former Kissinger Policy Planner, CFR Member Calls For New Global Monetary Authority- Former Wall Street exec wants bailout and more… much much more
By Steve Watson
A Council on Foreign Relations member and former policy planner under prominent Bilderberger Henry Kissinger has penned a piece in the Financial Times of London calling for a “new global monetary authority” that would have the power to monitor all national financial authorities and all large global financial companies.
“Even if the US’s massive financial rescue operation succeeds, it should be followed by something even more far-reaching – the establishment of a Global Monetary Authority to oversee markets that have become borderless.” writes Jeffrey Garten, also a former managing director of Lehman Brothers.
Garten, now a professor of business at Yale, served on the policy planning staff of Kissinger during his time as Secretary of State. He also served on the White House Council on International Economic Policy under the Nixon administration and went on to become the Undersecretary of Commerce for International Trade under Bill Clinton.
Citing “globalization”, A “clash of philosophies” and the “vacuum at the centre” of the current global institutional apparatus, Garten describes his vision for a new monolithic world authority to oversee all financial activity around the globe.
Here are some of the highlights (emphasis added):
A GMA (global monetary authority) would be a reinsurer or discounter for certain obligations held by central banks. It would scrutinise the regulatory activities of national authorities with more teeth than the IMF has and oversee the implementation of a limited number of global regulations. It would monitor global risks and establish an effective early warning system with more clout to sound alarms than the BIS has.
It would act as “bankruptcy court” for financial reorganisations of global companies above a certain size. The biggest global financial companies would have to register with the GMA and be subject to its monitoring, or be blacklisted. That includes commercial companies and banks, but also sovereign wealth funds, gigantic hedge funds and private equity firms.
The GMA’s board would have to include central bankers not just from the US, UK, the eurozone and Japan, but also China, Saudi Arabia and Brazil. It would be financed by mandatory contributions from every capable country and from insurance-type premiums from global financial companies – publicly listed, government owned, and privately held alike.
In a conclusion that smacks of problem, reaction, solution Garten adds “In terms of US and international politics, a Global Monetary Authority is probably an idea whose time has not yet come. That may change as today’s crisis evolves.”
What he describes is nothing less than a global financial dictatorship, operating across borders and forcing nations and corporations to register and adhere to strict monitoring and obey the same regulations. The implementation of such a system would represent total interventionism and the absolute final nail in the coffin of the free market.
Garten’s call for a GMA echoes a piece published in the FT back in June by Timothy Geithner, president of the Federal Reserve Bank of New York.
Fresh from attending the Bilderberg conference in Chantilly, Virginia, Geithner called for a globalized banking system with “appropriate requirements for capital and liquidity”.
informationliberatio dot com
You have absolutely no clue as to what caused this.
It was regulation requiring these loans, not deregulation.
Get a clue before blaming Republicans for Democratic shortsights.
@Lucky Dog,
” width=”19″ height=”19″ alt=”grin” style=”border:0;” /> I had a standing order and it played at 119. Would I have liked it to go at 107, you bet your ass. But:
Shame on you……
But when Apple is hitting 200 on the market rebound, it will not really make much difference. Just long on a really great company that is making and selling tons of great product……. around the world.
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en
I bought AAPL at $50, the day they announced the iPhone. It will rise again.
Just checked. Dell is still valued well under where Apple is now. So, excuse me while I try to figure out how to get some money to buy AAPL at this bargain rate. One of my portfolios ought to be down “not so much”.
Thanks for this interesting and informative post, I’m really enjoying checking up your posts from time to time.
Good luck, Barney.
Again… as they talk out of their asses… that “drop” yesterday was a global market drop… and today…
Tue, Sep 30, 2008 – 07:43 PM EDT — AAPL: 113.66 (+8.40, +7.98%) Apple regains over $8 per share of that “drop” from yesterday… please… the money markets (stocks, banking, etc) need to stop being guided by the morons of the world…
“Apple takes insane pounding”
Change a few words there and you have a great title for a Jenna Jameson movie.
“It will rise again.”
So will the south.
I am in love with your quality articles! I wish I had time and patience to make my blog like yours. Thanks for the informative information you share. Bookmarked your blog.
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You have got my thumbs up. Thanks for sharing
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Have a nice day,
S281 Mustang
..after what they have made me suffer;
Its disturbing, as I purchased my MacPro 8-core last September and was Diagnosed with AML M3 (Acute Promyelocytic Leukemia) just months later. The doctors asked me if I knew if I had any exposure to Benzene……..TOXIC KILLER Macs 🙁 🙁 🙁
This is one of the best articles I have read on this topic! looking forward to see your future posts.
Cheers,
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