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What is up with AAPL?

post #1 of 8
2/27/02 at 2:57pm
Thread Starter 
I have been following my stock for the past month and all I can say is What Is Going On?!?

Here is a sample of the stories that pertain to AAPL today.

[quote]Wed 1:49pm AAPL Walter Hewlett Sees Bright H-P Future Without CEO Fiorina - Dow Jones

Tue 12:32pm AAPL Apple Wins 2002 Technical GRAMMY Award - PR Newswire

Mon Feb 25 AAPL Adobe, Apple To Offer Design Collection Promotion - Dow Jones

Mon Feb 25 AAPL Amazon Calls New iMac Its Fastest-Selling Computer - NewsFactor

Mon Feb 25 AAPL Apple Gears up for 2002 Developer Conference - NewsFactor

Fri Feb 22 AAPL Cult of the Mac - Why So Many Mac Fanatics? - NewsFactor

Fri Feb 22 AAPL [$$ - free trial] No Bull: Updating the Bearish Plays, Part 2 - RealCommentary from TheStreet.com

Fri Feb 22 AAPL Cell Phones Caught In A Squeeze - Forbes.com

Tue Feb 19 AAPL Be Sues Microsoft for 'Destruction' of Business - Reuters

Tue Feb 19 AAPL Adobe Launches Assault on Quark with Mac in Mind - NewsFactor<hr></blockquote>

Overall a positive news cycle. Nothing bad there that could spell bad news for Apple. Then add to that <a href="http://biz.yahoo.com/rf/020227/n27212611_3.html" target="_blank">This story about the economy rebounding</a> and you have a big question mark on my face as to why AAPL just lost 1.71 or 7.22%??? :confused:

Can anyone give me a reason why they should have dropped in the middle of basically all good news for Apple? <img src="graemlins/bugeye.gif" border="0" alt="[Skeptical]" />
NoahJ
"It is unwise to be too sure of one's own wisdom. It is healthy to be reminded that the strongest might weaken and the wisest might err." - Mahatma Gandhi
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NoahJ
"It is unwise to be too sure of one's own wisdom. It is healthy to be reminded that the strongest might weaken and the wisest might err." - Mahatma Gandhi
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post #2 of 8
2/27/02 at 3:09pm
From MacNN: [quote]According to a c|net report, shares of Apple fell Wednesday after Merrill Lynch warned that shipments of new flat-panel iMacs would not meet consumer demand, citing reports of production problems in Taiwan. Orders for iMac desktops have reached nearly 200,000 units; Apple has only fulfilled 10,000 to 15,000 orders. <hr></blockquote>I'd say that's pretty bad news. :eek: :eek: :eek:
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post #3 of 8
2/27/02 at 3:22pm
Thread Starter 
Well that helps for today, but so large a drop?
NoahJ
"It is unwise to be too sure of one's own wisdom. It is healthy to be reminded that the strongest might weaken and the wisest might err." - Mahatma Gandhi
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NoahJ
"It is unwise to be too sure of one's own wisdom. It is healthy to be reminded that the strongest might weaken and the wisest might err." - Mahatma Gandhi
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post #4 of 8
2/27/02 at 3:26pm
Apple is a retarted company, it will pass.
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post #5 of 8
2/27/02 at 3:41pm
Thread Starter 
Well if it drops any further I will have to buy 20 more shares. I figure If i can get them at under $20 a share I have done well. As soon as they get their butts in gear with the new iMac the stock should post a major comeback.

People should be buying in aticipation, not selling in fear. Oh well.
NoahJ
"It is unwise to be too sure of one's own wisdom. It is healthy to be reminded that the strongest might weaken and the wisest might err." - Mahatma Gandhi
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NoahJ
"It is unwise to be too sure of one's own wisdom. It is healthy to be reminded that the strongest might weaken and the wisest might err." - Mahatma Gandhi
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post #6 of 8
2/27/02 at 4:18pm
NEWS FLASH: Apple is dead. I can confirm that Apple will cease to exist sometime within the next 1000 years so sell your shares now!

[ 02-27-2002: Message edited by: Nostradamus ]</p>
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post #7 of 8
2/27/02 at 8:02pm
Thread Starter 
[quote]Originally posted by Nostradamus:
<strong>NEWS FLASH: Apple is dead. I can confirm that Apple will cease to exist sometime within the next 1000 years so sell your shares now!

[ 02-27-2002: Message edited by: Nostradamus ]</strong><hr></blockquote>

I would go you one better and say Apple will cease to exist in the next 300 years. But I am not selling my shares for at least another 20 years so ...
NoahJ
"It is unwise to be too sure of one's own wisdom. It is healthy to be reminded that the strongest might weaken and the wisest might err." - Mahatma Gandhi
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NoahJ
"It is unwise to be too sure of one's own wisdom. It is healthy to be reminded that the strongest might weaken and the wisest might err." - Mahatma Gandhi
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post #8 of 8
2/27/02 at 8:13pm
If it dips under $20/share, buy some. They might (and likely will) get hit for lack of iMac shipments for the March quarter, so expect some more room to buy after their quarterly earnings announcement. (AAPL shares always seem to dip after their earnings announcements, no matter if it's good or bad news. Same deal after the big expo). Apple deserves alittle "correction" to its share price for this for the time being. The rest of this week will be knee-jerk mode, while next week will be in recovery and profit-taking mode.

[ 02-27-2002: Message edited by: BuonRotto ]</p>
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