Make no mistake, this was an orchestrated and planned attack since Sept 21st high.
How did they do it?
1) Devalue, disregard and completely ignore all company fundamentals in the eye of the investor.
2) Hammer daily The Greatest American company with FUD and outright lies.
3) Devalue the Apple Inc. brand / stock with consistent negative and unfounded allegations and innuendoes.
4) Shock-and-awe the loyal fan base and investors w/ a continuous dribble of doubt and fear.
5) Promote and advance the media naysayers front stage and ignore and mock objective reasoning.
6) Continue to apply daily negative pressure on the stock with outlandish negative bias and “assessments”, ultimately creating an unprecedented -32% free-fall from it's high in less than two months.
Bleeding one of the greatest American company’s market cap from 656B to 458B in 4 months.
End result: One of the greatest American companies and stories of capitalism seriously damaged. Why? Who is responsible for this? Would you call them pro-American?
I’ll let you arrive at your own conclusions.
All I know is that this is unwarranted and abnormal. Imagine if all companies were held to the same standards as Apple? We would have no markets. Every company can be destroyed ( and a lot easier than Apple ) if subjected to constant misinformation, lies and slander.
I’m sure this case study will be discussed numerous times in the future at universities and intelligent forums.
The sad take-away is that todays markets are led by black ops and manipulation- gone are the hard-earned company fundamentals and quality spreadsheets.
Conclusion, there is no such thing as “investing” in this current market environment.
and they ignore amazon, CRM, google, etc who have no where near the class and profit margins as apple
and now today FB has launched a GOOG killer in search and will CNBC bash google like they did to apple for months/
I don't know - I know what your saying but at the same time hedge funds can profit either way a stock moved. When it was 700 they could have pumped it with all positive stuff and run it to 1200 - make it the first trillion dollar company. I just don't think things are that coordinated. I think it took 4-5 years for any competition to even appear on the horizon - which is a testatment to AAPL. But this is a new dynamic and people do wonder what aapl will do to once again separate itself by 4-5 years from teh competition. What it did was amazing to get to 700 - they didn't just make a new toy slightly better than the compeition's toy - they totally separated themselves from the competition. That is gone now. They must face that challenge. Alot of big market players would rather sit on the sidelines and wait and see if it can meet it. If it does, they will come right back and buy buyb buy it right past 700.
bagholder- yes, Apple does not have the unique advantage that it once had. However, the market has currently discounted any China advance or, for that matter, any advance moving forward for any of Apple's multi product drivers. This is irrational to say the least. So, have things changed that drastically according to the naysayers?
I mean, I could understand this scenario 2 years from now if Apple had no new innovative / revolutionary product and was burning through cash. But this absolute lack of faith is beyond comprehension. Let's use FB as an current example- they are to announce something tomorrow, right? The press releases and invites are already responded to, right. Let's imagine the negativity and bias that Apple is receiving going to FB for a moment. Why, the media would frown and interject that it's all fluff and devalue expectations before they occurred. If this was done enough times- it would be considered a non-event and FB would sell off without the event even starting! Would this be healthy? No. Markets- in fact- all of our monetary systems are bases on FAITH and belief. The willingness to trust in future growth and continued monetization.
very true, however during this whole 3 months not a peep from Apple, I am very long apple and down a lot of money, however a good company does not allow their stock price get distroyed, we all have seen how far a LITTLE good news
goes on apple!!!!!!
Yes, I have to agree. IR could have done a better job the last 3 months before earnings.
Moving forward, I believe they may realize they need to be more proactive in lieu of what we all have experienced the last few months.
hmmm, seems to me Apple is still in business and cranking out products. The company wasn't killed -- the stock was brought back to a respectable level. I've been saying for quite some time that Apple is transitioning from a growth company to a value company, and the stock is beginning to reflect that. Spin it any way you want, but Apple was overvalued at $700 and it's just coming back down to Earth.
Well said. I'd encourage you to send this on to other channels and media/papers/outlets.
One thing i'd add of my own independent opinion. Apple will overcome this because of fundamentals and because of the character and integrity of it's leadership. TC is the right guy to navigate these treachorous waters, because his character is going to stand in stark contrast to those who attempted to defraud the company and it's shareholders. Having a guy like TC as the leader makes it a very clear, appropriate, and valuable distinction against the "competition".
I appreciate your kind words and comments. I also think you are correct regarding TC.
He's solid and trustworthy.
Waiting for the that point in time when the fundamentals matter again.
Wall street is nothing more than a congrigation of some sharp minded crooks...
And money being everything in usa... There is no one that cant be paied off too look the other way. ( hello sec).
But apple is not dead... It is going srtong... The stock is real sick and eventually it will turn around. I suspect once jan opex clears!
aragre, I tend to agree, Apple is not dead. However they certainly damaged it's halo. Let's see post earnings- how the market handles the reality of Apple's positive numbers-moving forward.
My point was a wake-up-call to everyone that if they can do this to Apple they can do this to any company.
Always, long and strong-