Apple Inc.’s (AAPL) “wild ride continues with Monday’s EU-bailout rebound,” Phillip Elmer-Dewitt reports for Fortune.
“Stocks across the board have been whipsawed in the craziness of the past week, but few more violently than Apple,” Elmer-Dewitt reports. “Its share price dropped nearly 20% during Thursday’s free fall before bouncing back to a 3.8% loss. It lost another 4.2% the next day.”
Full article here.
MacDailyNews Note: Currently, shares of Apple are trading up $17.60, or 7.46%, at $253.46.
Please…. it’s just a correction. It better “surge” a lot more!
Great, but why don’t you get all worked up when it drops 17, like last week? Or is it just good news that you report?
Dear albert,
See related articles, moron.
Pity the unfortunate “marketeers” who placed stop-loss points on their AAPL shares last week. Depending upon where those points were, exactly, some got murdered as the slide unraveled. And it was all for nothing, as shown in today’s rebound.
It’s long term or nothing in these times. (And anyone who tells you he/she can consistently time the market is a liar or a fool. Or just someone who goes to Vegas and comes home a winner every time. Yeah. Right.)
albert,
STFU
You obviously don’t like the site, so leave.
Sadly, I think this will be regarded as a dead cat bounce.
Better believe that the EU issues over Greece, Spain and Portugal are far from over.
This is lending by the insolvent, for the insolvent, and to the insolvent.
Sooner or later there will have to be a default. Brace for more pain, none of which will effect Apple or it’s innovation or it’s sales. It’s just that there will fewer buyers of stocks, even the ‘risk free’ ones.
MDN- time to stop the constant AAPL stock reporting… Or do you NOT realize you ALREADY include it in EVERY SINGLE PAGE HEADER!?!
I’m with Albert on this…
@Jimmy
You’re with Albert, even though his comments is falsified by the related links at the end of the story? You know, the ones that show coverage on MDN related to the huge stock drop?
Or are you saying you are physically near Albert, since that could actually make rational sense?
@Uther… I really can’t see why pity would be called for with anyone placing a “stop loss” order for AAPL. A Stop Loss order is something you use when you think a certain stock (or company) has the potential to go in the tank and never recover. With the recent market volatility… and I’m taking over the last couple of years, not the last week… it wouldn’t be out of the question for the market to take dips. Of course, nobody expected what happened last week to happen… but again… placing a stop loss order is like saying you’re going to give up on the company or stock when it falls. Anyone deciding to “give up” on AAPL is foolish and deserves no pity. It would be a seriously stupid move to place a “Stop Loss” order on a company that is headed towards the largest market cap of any US company.
Just my two cents worth…
Actually, the news is that the distance between MSFT’s and AAPL’s capitalization is shrinking.
Now AAPL is worth 90% of MSFT.
“Do you have Prince Albert in the can?”
I asked my “market guru” about the “fix”. He said such changes normally only involve stocks with unintended movements greater than 60% but that you can see a new example more days than not. This market-wide shift, though, may demand a market-wide fix of all trades in that 30-minute time span.
We are well past that, now, so maybe now would be a good time for you fans to show your support by buying. For you (albert, et al, you know who you are) wanting to criticize this fan site, there WAS mention of the drop.
Sure, and Google $26.00. This is money that the paranoid pulled out when they though everything was going to crash do to the problems in Europe.
Wow, $23B to catch Microsoft.
@ Albert and Jimmy
AAPL folks don’t get worked up about big market-wide drops because we know that in a few days the stock comes right back. Watch it for 15 years, then tell me again how worried you are.
Good News !
“Dear albert,
See related articles, moron.”
Real nasty MDN.
Kick your customers a little, then, kick them more.
@ ron
I don’t believe that comment was actually posted by MDN but by a reader (as in readership).
For whatever it’s worth, the recent correction or plunge closed the chart gap created a few weeks ago. It makes for a stronger next move. From a technical point of view, stocks don’t like unclosed gaps. Now, to watch AAPL go where no apple has gone before!
Make that $18+ per share rise, at the close.
Obviously, the market thinks investors over-reacted to the computer-driven craziness from last week. Unfortunately, the crisis in Europe is real. Apple has no control over factors that impact the overall market.
Apple’s stock value is largely driven on hype. Therefore any bad news spooks the investors. That’s how it is and it rarely has anything to do with Apple’s performance.
I personally think Apple have a lot of good momentum with their existing product line to warrant their stock price. However the brokers use the stock for manipulation so it is largely out of our hands.
The stock is probably due for a serious amount of profit taking. Last week the price went down quite a bit (not including the big drop which was cancelled anyway). I would guess it will go down a bit more especially at end of quarter.
where the fuck is the SEC???? I lost my ass due to stop losses, i want my 20K back. 60% drop= something wrong recind trades. 30% oh well sorry… This is bullshit
@Anonymous© “Wow, $23B to catch Microsoft.”
Took the words out of my mouth. Amazing!