Originally Posted by extremeskater
Because its one side for many people. When Apple stock jumps and I say its because they are following market trends rather then some stupid news that means nothing they want to say thats BS. But when Apple stock is then then all of a sudden its because the Nasdaq is down.
Not saying your the one that does that.
I have no real issue with the stock being down right now, I have over 20 years until I plan to retire. However I am feel certain the recent drop has nothing to do with anything else but the SJ news.
That news hit just about every media outlet in the US that day. Being a long time investor I can tell you I don't have anywhere neare the confidence in Cook that I do in Job
s if this situation was to become worse over the next year. There are several even on this forum that have raised the same issue.
First of all, I wouldn't put much faith in what others say is the reason for any stock movement. We each have to make up our own mind and be comfortable with our choices.
As for Tim Cook being able to lead Apple .... consider this. Every company needs different kinds of leadership. On one hand it needs someone like a Steve Jobs ... who can visualize "the future" and not forget what the goal is .... to make insanely great products.
On the other hand, you also need someone like a Tim Cook ... who by all accounts is a genius at turning ideas into reality while seeking out savings and efficiencies. Obviously I'd like to see Steve Jobs at the helm forever ... but I wouldn't lose a lot of sleep with Tim Cook at the helm. Apple has a lot of great people there and I'm sure that, collectively, they'd be able to ride out any storm. just my 2 cents. Good Luck with Apple.