“For the last few weeks diehard fans have watched their Apple (AAPL) stock struggle to keep pace with the broad market,” David Nelson blogs for Belpoints.
“Once a leader and must own stock AAPL has become a concern of late especially since disappointing investors with their last quarterly report,” Nelson writes.
“Look I love the company and its products and still own half my position but to deny that growth is slowing is living in denial,” Nelson writes.
MacDailyNews Take: It’s too bad that your love doesn’t extend to punctuation.
Nelson writes, “If for no other reason the law of large numbers comes into play. To grow at just 10% its market cap will increase by $35 Billion per year. That’s more than the entire market capitalization of Starbucks (SBUX) with over 17,000 stores worldwide.”
MacDailyNews Take: Exactly.
More blatant obviousness pervaded with abject stupidity here.
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]
Well, we will certainly see, won’t we? If any company can pull it off…
This appeared on seekingalpha several days ago and generated a lot of comments, which the writer just did more and more insulting, calling critics appleloonians, amongst other things. He’s a ‘tard.
Sadly it was only a matter of time before people like Nelson started bashing Apple for their own gain. They had to wait while the world honored Steve Jobs as the greatest CEO of our time. They too would honor his great leadership and forward thinking, all the while waiting for the moment when they could spew their poison to undermine the company he left behind in order to drive the stock down or perhaps play upon fear in order to drive traffic to their second rate blogs. To me they are all Apple carpetbaggers.
no, I be in da’ Mississippi.
If he still owns half his position, does that mean he’s shorted his other half? If so, I’d question his motives…
His position was 2 shares before he sold half of it.
Good companies can have bad share prices, because there is an emotional component as well as technical components that define what a share sells for. Blogs like Nelson’s and others, obviously can have an effect and are picked up by many other blogs that are looking for hits or just enjoy seeing Apple hurt. Eurozone crisis doesn’t help. But hopefully Apple sales and its continued innovation will prevail, and shares will rebound.
Anyone can plainly see that Apple’s P/E continues to shrink faster as Apple’s revenue grows larger. I think there’s only so much can be expected from the share price unless some drastic measures are taken to make the stock attractive to investors, whatever that may be. You talk about an emotional component, but what exactly causes that.
You’d think that Apple would be one of the most emotional stocks around but that isn’t helping the share price. Maybe we’ll just have to live with the fact that Apple will always be a manipulated stock that the hedge funds can constantly churn to make money. It seems as though Apple is trying to make it harder for manipulators by changing release dates and such but that isn’t working either. Apple tries to be as secretive about products as possible, but rumors always manage to run wild and messes up things for shareholders.
I’ll never understand why bloggers are so concerned about Apple’s component supply chain and making guesses about production capabilities. Honestly, would anyone care about how many TVs Sony can build or Dell PC parts in the supply chain? Why is Apple’s so important to fluctuate the share price? All that really matters is how many finished products Apple can sell before the end of the quarter.
All good questions Apple Turnover. I wish I knew the ‘secret’ of the Apple market. Personally I think majority of analysts do not understand Apple market at all. They blow it every call it seems, including last Q- ironically this time because they went ‘over board’ on expectations rather than ‘under board’ like every other quarter. There must be (IMHO) institutional and hedge manipulation at play. Apple in many ways is an easy target. If anyone spread rumors about Microsoft, most of us would yawn. Apple – well all ears perk up. There is a an (obnoxious) hedge fund manager that now does a CNBC investment show called Mad Money – spread negative vibes on Apple and then sold it short when he was fund manager years ago. Recently he started doing it again on his CNBC show – (and I paraphrase here) ‘still a good stock but not great stock’, ‘..something is different at Apple..’ , ‘I didn’t worry but now I do about Apple’. Hardly original and similar to sentiments that others have expressed, but nonetheless widely quoted. Now Apple is down and no one really understands why? Duh could it be the rumors for reasons of manipulation? My question – are there no prisons for people that deliberately spread unfounded rumors for reasons of stock manipulation ?
It is not surprising that people have started questioning Apple’s future now that the furor over SJ’s passing has settled down and everyone has had their public moment in praising or vilifying him. Don’t let it get you down. Long term Apple fans have endured this crap since the 1980s. The FUD peaked in the mid- to late-1990s and maintained its strength through 2008 or so, at which point it became evident to nearly everyone that the iPhone was a tremendous hit and a worthy follow-on to the iPod. Some people delight in doomsaying, and I do not doubt that a number of them are profiting either directly or indirectly by the impact on AAPL. But the point is, Apple and its true fans survived all of that to become the true powerhouse it is today. We know how to deal with adversity and derision from the ignorant and the malevolent, and it has made us stronger.
Will Apple be different without SJ? Certainly! How could it be otherwise? But can Apple maintain its vision and strive to even higher achievements? Again, certainly! The premature loss of SJ is a major blow. But the child can surpass the parent. I believe that Apple will prevail.
The guy should look at Apple’s chart over the last few years and he will see that the same volatility occurs evert time.
Back in June it hit 403 and then tanked back down to 350 in August. This time it hit 420 and is back to 370.
This trend occurs every time.
1. Stock cycles to a new high as the brokers talk it up.
2. The brokers sell and rake in profits.
3. Then they talk the stock down with FUD so they can buy in at a lower price.
Apple is the surest bet on the market, no-one is performing like them. The brokers know that Apple will have a fantastic quarter which will drive the stock up again.
An if Apple is not a good investment then how come the stock was at 322 on Jan 1 and up 52 points (~15% increase) now. Apple have beaten most tech companies and the NASDAQ and Dow Jones this year.
As usual the stock will find a new low and then gradually work up to a new high. This will repeat until the stock market stops the manipulation (which will never happen). Apple must continue to ensure success by constantly innovation and make insanely good products. If they stop doing that then we need to be worried. At the moment Macs, iPhones and iPads are kicking ass and music and iPods are still bringing in good revenue.
What do you expect? He’s a frickin’ blogger. I can get uninformed opinions anywhere. Give me FACTS. Not rants. Facts.
I base my investment decisions on earnings, earnings growth and cash flow, not whisper numbers or idiotic guesses by lazy, clueless analysts. I ignore anything reported by DigiTimes, which again and again is spectacularly wrong. I don’t project what the next iPhone will look like based on speculative case moldings from rumors passed in a Shenzen back alley. And I don’t project sales based in incorrect supply channel checks – that leads you to believe that sales are falling when in fact it usually only means that Apple is ramping up the next generation product instead.
But this is what passes for analysis and projection today. Uninformed bloggers pulling facts out if their butts while writing their stupid blog from the basement of their parents’ house often gets picked up by mainstream media, and suddenly, lies become truths, and truths become hardened facts.
Remember, it’s all Apple’s fault.
Ugh.
Apple sells 4% of the computers and about 8% of the phones sold world wide every quarter. I think there is a little room for growth.
“For the last few weeks diehard fans have watched their Apple (AAPL) stock struggle to keep pace with the broad market,”
…and in so struggling, it has declined LESS THAN the “broad market.” Go figure.
WTF does Starbucks market capitalization or anyone else’s have to do with AAPL growth? these ANALysts just pull $hit out of there arse to further depress the stock and buy it back when decide the time has come to start recommending it from the roof tops. This asshat even admitted that he has sold half his position in AAPL… when he and his other asshat cronies (Cramer included) feel they have sufficiently dragged it down they will load up again thus pushing the stock back up. I think this bull$hit manipulation has effected AAPL more than any other stock in history. I love how they all state how Apple disappointed the street last quarter, if only every other piece of $hit company in the world could disappoint the way Apple does…
Johnappleceeds
You nailed it!!!!!
Nuff said.
I remain constantly amazed at the resilience of the interwebs’ tubes. Look at the drivel and sludge they carry, yet are still able to function! The interwebs must be inconceivably robust.
What was it that SJ once said? Something like….”People will continue to be sucked in by rumors and journalistic lies until they have had so much bullshit that they then become immune”.
Certainly not his words but that’s the jist of it. It was so succinct and obvious when he said it. Like so much of what he did everything DID seem so obvious. However now that I forget the exact words it really is not that obvious.
I agree TOTALLY that NO ONE should own aapl stock, that apple is hyped company just waiting to crash.
When Android was announced a few years ago I knew it was THE END of Apple growth. After carefully listening to BRILLIANT analysts (like the above) I did not fall into the TRAP of buying aapl at $70, Android will KILL Apple.
In the RECENT COLLAPSE of aapl from 426 to 370 I DID NOT LOSE A CENT because following my own advice (which I’ve adhered to for last 10 years) I did not buy any apple stock.
(instead of buying aapl I invested heavily in buying several dozen Xoom tablets – Xoom the winner at CES. I will make a killing when they become desired collectors items.) I’m laughing at you Apple fanboys!
Sounds like the HIV has infected your brain…
Well said, Xoom Tang.
😆
Yes! got it! there is a difference between “i never lost a cent on the Lotto because i never played” and “i never invested in a company who was creating amazing things and growing year over year, so i never lost a cent”
Brilliant sarcasm if you ask me……
Cheers,
I will put all my money back into AAPL in a few years after the market collapse has finished. Right now, anyone looking only at AAPL and not the larger global situation has no business playing the stock market. I am glad I sold at around $390 a couple months back.
Finally a comment from someone other than clueless fanboys. I don’t think you’ll have to wait that long but it may still drop more? Your observation about only looking at AAPL is very wise. Apple is a great manufacturer of great devices. But the stock, for whatever reason, sucks right now. Never fight the market. It’s nothing personal. Sounds like you are an investor rather than a fanboy. It’s funny how they scream when journalists or analysts write less than glowing things about AAPL. It’s as though AAPL is always going to go up! What fools! Or “he must be shorting AAPL”! As though an article by an idiot ( according to fanboys) could turn the market!! Wow! Fanboys never cease to amaze me. They should read more and comment less. Perhaps they could learn about investing? Naw.
‘Are Apple investors living in denial?’
No, I don’t live anywhere close to Egypt.
One delayed iPhone release and OMG, the sky is falling. If this guy could get his head out of his ass long enough to notice the wildfire sales of the iPh4S in the current quarter, the huge gift demand for all things i, the skyrocket happening in China, the fact that innovation is roaring along, the massive headroom in all markets, the 40% yoy growth, the teensy P/E, accelerating courtroom victories over the android copiers, and all the other great news, he would predict an upward stock price explosion.
Then again, he may be incentivized by certain parties to piss on AAPL stock.
AAPL has become a concern of late especially since disappointing investors with their last quarterly report
———–
Who is running Apple? Apple beats its own expectations. Wall Street does not run Apple and how do they know the inside-out of the business? In fact, Wall Street is in total denial. Apple makes tons of money while Amazon exists on thin margins. Wall Street seems to chase after companies that cherish market share to the detriment of their long-term viability. Wall Street is chasing after fool’s gold.
I am visiting Jacksonville, FL from San Francisco. I’m in a mall. The Apple store here was packed with wall to wall people. They weren’t browsing. They were buying. The rest of the stores were relatively empty. ‘Nuff said.
It’s all crap. The bottom line is this: Apple is an extremely powerful, cash-rich company (understated) with zero debt and immense growth potential with a proven track record and bullet proof management team—arguably the best there is. I’ve not seen a company near this huge with such massive growth potential.
The only thing happening here is pure market manipulation. Apple presents the perfect scenario for manipulation because they are incredibly strong. You can force the stock down without fear that it’ll come back up again. If you try that with some other company that’s even half as solid as Apple there is the potential that you’ll not be able to manipulate it back up after buy in. It’s always been bad for Apple in this regard but I’ve never seen it this bad—and I’ve been watching Apple for well over 20 years.
Here’s what the manipulating, bottom-feeding twits do: Tell amazing lies, the more outrageous the better. Sell the fear, write sensational headlines, network (get your buddies in on the act). The stories hopefully begin to gain traction (can you smell money?), the FUD begins to feed on its self as it does so well driving the price as low as you can get it, hope others join in—now that’s how you get paid!
Yeah, I’m not clicking on another dipshit analyst link. I’ve had my fill.
It’s very dangerous to argue with the market. Most growth stocks fall on average 72% from their peaks. When that start their downtrend, in many cases, their fundamentals look great.
I guess it depends on where you bought in. If you’re sitting on a huge cushion, you’d do well to look at the weekly and see that it’s still above the 200 DMA. There have been a couple of weeks of strong institutional distribution but the market is in correction and behavior may just be a normal pull back.
If you bought recently, you should face the reality that Apple is not bucking the down trend as it has in the past. Keep your losses small in order to protect your capital. You can always buy it back at a better buy point later. Fall in love with a company if you must, never fall in love with it’s stock.