Margin compressions, loss of market share to other devices, margin requirements, insider sales, Tim Cook no Steve Jobs, Tim Cook king of supply chain management, $125 billion cash, oversold i-phone and delivery of product, less raw material orders for next quarter, record sales this quarter, less Laptop sales, $10 billion +earnings for quarter, what?, what am I missing that Apple's stock price is pulverized so blatantly downward?
My take on it is everyone that has significant gains is now taking it off the table since the end of the year is near. This has already been happening since the election, but the people selling now were the ones holding out in case the rumors of a "special dividend" from Apple came true, which doesn't look to be happening, so more selling continues.
You're missing Steve Jobs & the realization that AAPL market cap increased by $140 billion AFTER he died! The stock was on track for $525 BEFORE Jobs died.
You're missing technical signals. A 100/200 MA death cross is imminent & the right shoulder of a head & shoulders pattern is forming (projected stock price if AAPL follows standard head & shoulders is $525 - ($700 - $525) = $350.
AAPL investors used to "buy & hold", now it's "buy & hope". You guys need to learn about investing because the market WILL take it all away if you don't.
So your are suggesting that Apple ought to trade at = or . Is their further margin compression Apple is creatively accounting for in hidden ways? Is the value of their intellectual property zero? What about the value of their employees? Plant, Equipment? Caveat, given new entrants into smartphone, tablet market, what is the likelihood of Apple not selling any products, a ridiculous notion at present.
So, based on the idea of technical signals your thesis supports an all out short of Apple.
As an investor of fundamentals I continue to think Apple is a hold and buy. One of us is mistaken, yes?
Your response reminds me of someone staring into the sun, but because he's blined from the act, not acknowldeging he's staring at the sun b/c he can't see it anymore.
Signals pointing to 350 is the most idiotic thing i've seen on here and that's saying something. You'd have to ignore that bright burning sun to value a company with 120billion in cash and 20% earngins growth (conservative) at a PE of 4(ex cash).
Dell trades at twice that BTW and has earnings growth less than half of apple.
Your response does a good job of explaining apples price action i that it can be explained only by #$%$ interpretations of "facts".
HEY DIG IT, WHAT ARE YOU MISSING? that 18 wheeler coming down the road 89MPH, about to run you over. i think this went up too far too fast on hype, and may settle between 475-510. jmo, but if APPLE does hit 499, man CNBC, will really turn up the heat, man when CNBC, gets going boy to they go for the juglar, they are in the back pockets of the wall st. Hacks, unreal. jmo
IMO you are missing the point as to why the stock will never ever be $600 again and the reasons are as follows:
New unique and friendly Windows8 ecosystem that end users are ready for and will embrace.
Microsoft unlimited deep pockets to fund Windows8 mobility product development now and in future.
Microsoft desire to challenge Apple and WIN!
Apple had its big run, but now only has stale mobility ideas that are not unique.
Carriers tired of being controlled by Apple and fronting huge money while only making small amounts in return.
Far too much pressure from Wall Street to keep meeting or exceeding "expert analyst" expectations as those expectations are "target $800, target $1,200, ect.”
Greed and more greed by attorneys, accountants and consultants to get a piece of the pie before the huge downturn by initiating frivolous litigation, challenging patents or creating other meaningless and greedy expenditures.
If you look at the chart, this stock started to roll over back in July. Microsoft is a cash cow but has run out of new ideas. Same is happening to Apple. Once they start to introduce new ways to market old products and ideas the game is over.
Sentiment: Strong Sell