the market is NOT down anywhere near 2%, why is aapl continuing to lose 12-15 dollars a day? kinda rough when you 142 shares. everytime it takes a $4-$5 drop in 2 minutes i look at scottrade news, fidelity, and yahoo, and see nothing that would idicate any problems. why these monstor hits every hour?
i look at it this way. Is apple a good company? yes
is it cheap? In my mind yes
in 6 months will apple be higher then it is now ? in my mind yes
they have over 120/share in cash. they earned 44/share
their products are so popular there is a wait to get them.
people line up to buy their new products.
do hedge funds sell for stupid reasons? yes
after all what has changed in the past week as far as apple is concerned? nothing. the hedge funds all want out at teh same time to protect their profits. could apple fall another 10% from here? yes but that would make it just a better buy.
Sentiment: Strong Buy
Sub-$500, the question is does it go to $450...these hedge funds are taking whatever profits they can before the new tax rates hit...the Fed is also scaring everyone about the next recession....cash is King, and the sell off continues......look how fast it's dropping...automated programs are kicking in and will continue to sell....total capitulation on the wayand then some.....I got sucked in by the lofty predictions and bought way too high...everyday is heartbreak hotel......hold for another year or two after the recession.
Dont forget DELL has awful earnings this morning, and AAPL makes computers too. It still is in the desktop market.. add in tablets losing market share .. dissapointing earnings last qtr. Its still a good stock .. but the growth is not there any more.
I really just don't get it. There's really no answer besides wall street folks #$%$ with regular investors. How else do you have a company like AMZN (not even making money) going up while AAPL (solid profits, low P/E, 100billion+ in cash) has been crashing. The uncertainty with Europe and the "fiscal cliff" certainly factors in, but there is no way our leaders, and European leaders don't figure things out and just let the world go into an unprecendented global recession.
Sentiment: Strong Buy
yes there are products in the pipeline, but even if there arent SO WHAT!?!?!? you dont think they make money on the products and service they have now??? and a P/e of under 12 and a forward P/E of about 8??? and you think this price is too high?
Hedge funds are selling. They need to sell blocks of stocks. If one fund has say, 50,000 shares to sell and then another wants to sell, then the second fund is in line behind the first. Until the second fund says, well, I will sell my block 1 or 2 dollars under the fund in front of me. This is what is going on folks, and it drives the stock price down. It will not stop until the hedge funds decide they have made enough money for the year to satisfy their clients. Apple is a great company and this stock value will recover.
if some "news" actually happens, i can see them (fitch, moodys and S&P) reporting it, but when they are just running their moths and giving opinions, they should do it during non market hours. them mfer's probably short a bunch of stuff, then come out with their "opinion" on the world and us economy, and then buy to cover 10 minutes later