“Technology stocks tried to hold on to their gains shortly before Wednesday’s market close as the sector responded positively to a coordinated interest-rate cuts by several leading central banks. Among bellwether tech stocks, gains came from Apple Inc. (AAPL: $89.79, +0.63, +0.7%) and Hewlett-Packard Co. (HPQ: $40.00, +0.32, +0.8%),” Rex Crum reports for MarketWatch.
Microsoft Corp. (MSFT: $23.01, -0.22, -0.9%) and Dell Inc. (DELL: $13.50, -0.05, -0.4%) were down slightly.
Full article here.
MacDailyNews Note: In after hour trading currently, Apple is down slightly $0.39, or 0.43%, at $89.40.
crime is the game on wall street
wake up!!!
Just delaying the descent to the bottom.
It would be better if they just let it collapse suddenly.
Then we can get back to business.
That’s how it happened with the post real estate bubble recession in Hawaii in the ’80’s.
Bang, it was all over in a few years.
Yea, years. SO this one is going down REAL SLOW! Perhaps a decade.
Hold on to cash Apple.
I advice people to cash in on Microsoft. Their stock seems reasonably cheap to buy and I think in the long-term they will do very well.
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No one is immune to recession not even Apple Inc. So don’t bet on it that they will do any better than Microsoft:exclaim:
That would be “advise”.
Oh, the wise and sagacious Raving MacHead holds forth yet again. Tell me, RM, who’s going to win the World Series this year? How about the Super Bowl? You profess to see the future when it’s political, but how about other areas of expertise? Car design? Fashion? Movies? How about Music? Grain prices in Kansas?
Admit it, sir. You know nothing about the future, and neither does anyone else. So-called trends are but isolated moments in time strung together with the illusion of continuity. Ever gambled in Vegas on the roulette wheel? Fifty red numbers in a row portend neither black nor green on the next spin. All isolated, as are moments, hours, days, weeks, months, and years in the market. (DOW was doing great this afternoon until Paulson spoke up. Did you see THAT coming?)
Get over yourself and spare us your prophecies, RM. They’re meaningless.
If I had some thousands in the bank, I surely will use it for apple stock, once the crisis has pass away, the stocks are going to hit the 190 or more in no time.
You know nothing about the future, and neither does anyone else
Real estate bubble recessions are a fact and have occurred in many countries and markets.
They are rare and the economists don’t have a whole lot of experience handling them.
If I had some thousands in the bank, I surely will use it for apple stock, once the crisis has pass away, the stocks are going to hit the 190 or more in no time.
—————————
Unfotunately Victor, this crisis may last for several years. We really have no idea.
So what are you guys getting your kids for Christmas this year? Are you going to give them an empty box and say there has been a financial crisis? I know people are going to be spending less, but I think Apple will still sell some iPods this quarter.
When your computer fails, what are you going to get? Are you going to buy a $399 Wintel box a Walmart? I think Apple will sell a few Macs this quarter. Maybe not as many as we thought, but they will sell some Macs.
When you need a new phone are you going to get a Sony Ericsson Walkman phone? I think Apple will continue to move iPhones this quarter.
I do not think Apple will sell as much product in the next quarter but step back. They have great products, good sales and lots of cash. They are trading at $90 and $20 of that is cash.
If you think the market will continue to lose 5% a day, you only have about 19 days to wait for the market to go to zero.
I am buying Apple and others and will continue to buy at these levels. Remember, for every sale there is somebody else buying those shares.
Rand- I would never claim to be as “wise and sagacious” as our Raving MacHead, but I do dispute your assertion that he, “know[s] nothing about the future, and neither does anyone else. So-called trends are but isolated moments in time strung together with the illusion of continuity.” You then compared the existence and order of historical events to the randomness of roulette gambling in Vegas. Au contraire.
As a Randian, I certainly doubt your espousal of philosophical nihilism, and if you ever went to college, drank alcohol, and played cards, I would guess that you’ve been involved in games where someone was able to draw particular cards all-too-often. A lack of certainty is not synonymous with random, or chance- and your “denotation” has false connotations. Neither I, nor- I am guessing- Raving MacHead- “knew” precisely what the close on the DOW would be TODAY, but I DID KNOW what the stock market and economy were going to do as the RESULT of Bush’s first-term policies (I’m a big believer in the relationship between CAUSE and EFFECT- perhaps I’m old school . . . ).
@Joy Of Tech
“I advice people to cash in on Microsoft. “
I think you meant cash out of MS. They’re going nowhere fast.
OK, here it is… the buying opportunity of a life time. Just need one thing to ensure skyrocket APPL from here – Steve needs to call a presser and announce his personal commitment to breakthrough advances in Mac hardware and OS during the next 12 months – serious computers for serious adults.
Christmas Advice.
Take a page from my Dad’s book.
He had a wonderful way of celebrating Christmas.
Every Christmas Eve he would bundle us up in our parkas and with a thermos of hot chocolate, He would take us all to visit Santa’s grave!
“When your computer fails, what are you going to get? Are you going to buy a $399 Wintel box a Walmart?”
Some people will still just buy whatever they want. However that’s the minority. Many people will defer buying a new Mac, fix or upgrade what they have instead or if they do buy new go a little down spec compared to what they’d really like. So yes, in a recession, millions of small choices to save a few hundred or a few thousand dollars will affect Apple.
“I think you meant cash out of MS. They’re going nowhere fast.”
Compared to Apple who are going somewhere fast. I know which I prefer.
Sad to say, selling Apple any time after Apr 2007 and buying Microsoft to replace it would have given you a better return than holding Apple until today.
“So what are you guys getting your kids for Christmas this year?”
My kids are thankful for what they get, and they learned at a very young age that we will not be “forced” into buying something because people that we don’t like got something for their kids. My loser neighbors shake their heads at us, all the while wondering where the next meal is coming from since most of their income goes towards credit cards and a mortgage that they cannot afford because they just HAD to impress their “friends.”
Keeping up with your neighbors is a waste of time. They’re broke! But we aren’t…
…you telling me Santa doesn’t exit anymore?….nooooooooooooooo
….errrrr exist….
Joy of Tech,
are you kidding me? MSFT stock is good if you dont want to make any $. I have been making $$$ on it going down by buying option puts. So, sorry people are selling MSFT for some time now. I wish i bought puts prior to their last earnings. They are throwing all their cash into the toilet. What is keeping them afloat is their Windows licensing. Otherwise, Vista stinks, Win mobile stinks, Xbox is good but not as good as Nintendo, and Zune is a joke.
And i am not talking about the products. Their business model of trying to monopolize sector will not work outside of the PC space. Windows 7 is supposed to be their true update. I do think it will only be ‘adequate’ enough to keep most Windows users away from OS X.
But the word is out that Apple runs Windows faster than other PCs. So Apple doesnt care anyway… AAPL stock has never been a sure thing. It is so undervalued at this point, but will never get a solid ‘base’ as long as we have Apple earnings guidance announced low enough for them to blow by it next earnings. Their guidance is a joke.
MSFT (short/puts) AAPL (long/long calls w/puts for sell offs)
Hi everyone
I am a new member and really would appreciate some advice. for past two years I have been befriending an alcoholic. It really has been the most tragic story – this lady was only 52 and a doctor also. Anyway I have been to see her practically every day for past two years. She died suddenly last week.
The post mortem showed she died of liver failure. What I would like to know is ………………and this is what is torturing me. When I found her she was sitting in exact same position I had left her in. Also going on what she had drunk since I had last saw her day before – tells me she has died probably an hour or so after I left…… What actually happens when someone dies of liver failure? I have been torturing myself that she would have been in agony or having some sort of seizure/attack?
I am so sorry to be so morbid but this is tearing me apart. She only had me. She had more money than all my family and friends put together but she had nothing. She was terrified of life.
Regards, Richardson
how long does alcohol stay in your system