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Apple stock soars to all-time intraday, closing high after favorable verdict

post #1 of 77
Thread Starter 
Shares of Apple stock reached all-time intraday trading and closing highs on Monday, driven by a favorable ruling in the company's high-stakes patent dispute against Samsung which found the Korean electronics maker liable for over $1 billion in damages.

In the first day of trading since the Apple v. Samsung ruling on Friday, shares of the Cupertino company blew past the former record of $668.87 to reach $675.68 at the end of trading, up $12.86, or 1.88.

AAPL stock opened the day at $676.91 and hit a new intraday trading high of just over $680.87 thirty minutes later.

Apple?s leading market value was boosted over $12 billion to reach $633.39 billion, a contrast to Samsung shares which lost roughly the same amount as its stock tumbled some 7.5 percent on Monday.

The stock surge comes as a direct result of Apple's significant win over Samsung in a patent trial decided on Friday. After just 21 hours of deliberations, the Apple v. Samsung jury returned a judgment, finding the Korean company had violated a number of Apple design and utility patents. The iPhone maker was awarded nearly $1.05 billion in damages while Samsung was unable to successfully argue any of its counterclaims.



Apple has subsequently filed a motion to ban sales of eight infringing handsets, seeking a preliminary injunction ahead of a potential final injunction against the Samsung devices.

For its part, Samsung on Sunday requested that a previous preliminary injunction against the Galaxy Tab 10.1 be dissolved, citing jury findings that the device does not infringe on Apple's D'889 iPad design patent. While the Galaxy Tab was found to be in violation of a number of Apple's software patents, the sales ban was based on the design patent alone. Samsung is asking the court to retain Apple's $2.6 million bond in lieu of a damages hearing.
post #2 of 77

Apple is DOOMED! SELL SELL SELL!

Apple had me at scrolling
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Apple had me at scrolling
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post #3 of 77

As fast as this is growing, the going continues to look strong - new products, potential for royalties, clearer picture (for now) of the competitive threat for, let's just call it, appropriated technologies from competitors. Just amazing. Anyone who says "I wish I bought when..." today will still be saying that in a year.

post #4 of 77

Up 2% is not soaring.

post #5 of 77
Quote:
Originally Posted by cameronj View Post

Up 2% is not soaring.

It is when the stock is already worth so much... 2% is a lot. And yes. Soaring.

post #6 of 77
Quote:
Originally Posted by cameronj View Post

Up 2% is not soaring.

 

agree but just wait for iphone 5 and ipad mini announcements it will rocket to 730+

post #7 of 77

It's nice to see Apple's share price jump above Google's share price for a change.  Now let's see if Apple can hold that for a week or so or will profit-taking rear its ugly head and send Apple shares spiraling back down.

post #8 of 77
Why didn't I buy when it was at $280???

"Apple should pull the plug on the iPhone."

John C. Dvorak, 2007
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"Apple should pull the plug on the iPhone."

John C. Dvorak, 2007
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post #9 of 77
Quote:
Originally Posted by Constable Odo View Post

It's nice to see Apple's share price jump above Google's share price for a change.  Now let's see if Apple can hold that for a week or so or will profit-taking rear its ugly head and send Apple shares spiraling back down.


That's a fairly meaningless comparison. 

post #10 of 77
Quote:
Originally Posted by Eric Dolecki View Post

It is when the stock is already worth so much... 2% is a lot. And yes. Soaring.

Doesn't matter what the base price is.  Whether it's 2000 cents or merely 600 dollars.  Percentage moves are all that matters when considering how "big" a move is.  If you invest $6000 and buy 10 shares, $120 is not a lot.  If you invest $600,000 and buy 1000 shares, $12,000 is not a lot.

 

2% is not "soaring"

post #11 of 77
Quote:
Originally Posted by Venerable View Post


That's a fairly meaningless comparison. 

Only "fairly" meaningless? ;)

post #12 of 77

Bought at $118 but not many shares, because I didn't have the money at the time. Still, it's fun to watch my stock go up by 575%, and I wouldn't sell it anyway!

 
There are many more cockroaches in this
world than human beings, but it doesn't
make them a higher life form.
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There are many more cockroaches in this
world than human beings, but it doesn't
make them a higher life form.
Reply
post #13 of 77
Quote:
Originally Posted by iVlad View Post

Apple is DOOMED! SELL SELL SELL!

I sold all my options at the open. Bought only 1 september option contract and shorted amazon on the weekly.

I am expecting the market to tank. Anyway if it doesnt i still get a small upside with my sept call.
post #14 of 77
Quote:
Originally Posted by herbapou View Post

I am expecting the market to tank.

Really? Why?
post #15 of 77
Quote:
Originally Posted by anantksundaram View Post


Really? Why?

Probably this tiny little continent called Europe ;)  It's melting down (very slowly) in case you haven't heard ;)

post #16 of 77
Originally Posted by cameronj View Post
Probably this tiny little continent called Europe ;)  It's melting down (very slowly) in case you haven't heard ;)

 

Unless Germany reintroduces the Mark, I'm pretty sure we'll all be fine.

Originally Posted by Slurpy

There's just a TINY chance that Apple will also be able to figure out payments. Oh wait, they did already… …and you’re already f*ed.

 

Reply

Originally Posted by Slurpy

There's just a TINY chance that Apple will also be able to figure out payments. Oh wait, they did already… …and you’re already f*ed.

 

Reply
post #17 of 77
Quote:
Originally Posted by cameronj View Post

Up 2% is not soaring.

Apple's stock has been soaring. And a 2% rise in one day is pretty good for such a high flier.
post #18 of 77
Quote:
Originally Posted by cameronj View Post

Doesn't matter what the base price is.  Whether it's 2000 cents or merely 600 dollars.  Percentage moves are all that matters when considering how "big" a move is.  If you invest $6000 and buy 10 shares, $120 is not a lot.  If you invest $600,000 and buy 1000 shares, $12,000 is not a lot.

2% is not "soaring"

Wrong again! In the stock market, a 2% rise in one day for a major stock is a soar. You may not be happy with that, but it's true nevertheless.

This is psychological, not monetary.
post #19 of 77
Quote:
Originally Posted by Tallest Skil View Post

 

Unless Germany reintroduces the Mark, I'm pretty sure we'll all be fine.

Keep on thinking that.

post #20 of 77
Quote:
Originally Posted by melgross View Post


Wrong again! In the stock market, a 2% rise in one day for a major stock is a soar. You may not be happy with that, but it's true nevertheless.

Of course I'm happy about 2%, as I own the stock.  But sorry, you don't know what you're talking about.

post #21 of 77
Quote:
Originally Posted by cameronj View Post

Probably this tiny little continent called Europe 1wink.gif  It's melting down (very slowly) in case you haven't heard 1wink.gif

The EU never had a chance. Introducing the Euro only hastened its decline. But, the market may not tank because of it, though it could decline somewhat. We've already had several months of frustration due to the EU's problems, but it's mostly back where it was before.

As long as we don't double dip, we should be ok. And while you can always find one or two who say we will, there's no evidence for it right now.
post #22 of 77
Originally Posted by cameronj View Post
Keep on thinking that.

 

Fine, this stuff with two years' worth of ruined corn crops is going to cause some consternation. 

Originally Posted by Slurpy

There's just a TINY chance that Apple will also be able to figure out payments. Oh wait, they did already… …and you’re already f*ed.

 

Reply

Originally Posted by Slurpy

There's just a TINY chance that Apple will also be able to figure out payments. Oh wait, they did already… …and you’re already f*ed.

 

Reply
post #23 of 77
Quote:
Originally Posted by cameronj View Post

Of course I'm happy about 2%, as I own the stock.  But sorry, you don't know what you're talking about.

Apparently, neither do you.
post #24 of 77
Quote:
Originally Posted by melgross View Post


Wrong again! In the stock market, a 2% rise in one day for a major stock is a soar. You may not be happy with that, but it's true nevertheless.
This is psychological, not monetary.

 

2% in one day is a pretty good day for Apple indeed, especially with the market going down a bit.

post #25 of 77

Ok so I am gonna go out on a limb here.  I will quote FoxNews.  It's Obamas fault.  There now sell all your stock and retire because it's Obamas fault.

An Apple man since 1977
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An Apple man since 1977
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post #26 of 77
Quote:
Originally Posted by melgross View Post


The EU never had a chance. Introducing the Euro only hastened its decline. But, the market may not tank because of it, though it could decline somewhat. We've already had several months of frustration due to the EU's problems, but it's mostly back where it was before.
As long as we don't double dip, we should be ok. And while you can always find one or two who say we will, there's no evidence for it right now.

What about the fact that global economic growth appears to have peaked?  The only question is how far down does it go before it starts going up again... and if Europe can't draw a line under this crap, it's going to keep suffering.  Businesses and markets hate nothing more than uncertainty, and Europe can't seem to stop broadcasting uncertainty.  The USA can't be propped up by stimulus forever.  Eventually there has to be real demand, and that's been missing for a long time now.  You keep feeding the patient Ecstasy and eventually the brain stops making its own happiness.

post #27 of 77
Quote:
Originally Posted by cameronj View Post

2% is not "soaring"

 

It's not just about today. Apple's stock on been on a nice rise ever since the drop after the recent earnings report. If I recall correctly, it was down at around 570.

post #28 of 77
Quote:
Originally Posted by Apple ][ View Post

 

It's not just about today. Apple's stock on been on a nice rise ever since the drop after the recent earnings report. If I recall correctly, it was down at around 570.

No denying that it has soared in the past year, the past 5 years, the past 10 years.  And I couldn't be happier that I've owned it for almost all of the past 5 of those (including today).  But not today.  And it was just about today.  We're talking about the headline.

post #29 of 77
Quote:
Originally Posted by cameronj View Post

But not today.  And it was just about today.  We're talking about the headline.

 

I don't think that the article can be faulted for using the word "soaring". Apple did rise to an all time intraday high today, higher than it's ever been, and I believe that meets the definition of soaring. Even if AAPL only rose .5 % today, it would still be soaring.

1.     to fly upward, as a bird.

 

2.
to fly at a great height, without visible movements of thepinions, as a bird.
3.
to glide along at a height, as an airplane.
4.
to rise or ascend to a height, as a mountain.
5.
to rise or aspire to a higher or more exalted level
post #30 of 77
Quote:
Originally Posted by Apple ][ View Post

 

I don't think that the article can be faulted for using the word "soaring". Apple did rise to an all time intraday high today, higher than it's ever been, and I believe that meets the definition of soaring. Even if AAPL only rose .5 % today, it would still be soaring.

1.     to fly upward, as a bird.

 

2.
to fly at a great height, without visible movements of thepinions, as a bird.
3.
to glide along at a height, as an airplane.
4.
to rise or ascend to a height, as a mountain.
5.
to rise or aspire to a higher or more exalted level

LOL if we're going to reduce the word soaring to "a tiny tiny rise" then yeah, you're right.  But you're the only one saying that.  The people with whom I'm arguing  on this thread are clearly claiming that a 2% rise is a large increase simply because Apple is large.  Sadly I'm guessing they wouldn't be so happy if Apple did what most large companies do at best, and increase in value by 8-15% in a solid year.  Something tells me most stockholders of Apple wouldn't consider that "soaring" over the course of a year.  Yet by your definition, as long as Apple stock increases by a penny every day for the next year, it will have SOARED EVERY DAY, and it's 0.05% gain over the course of the year would be met with happy headlines proclaiming that AAPL stock SOARED in 2012.  Right?

 

Riiiight ;)

post #31 of 77
Quote:
Originally Posted by cameronj View Post

Probably this tiny little continent called Europe ;)  It's melting down (very slowly) in case you haven't heard ;)

No offense, but I'd rather that herbapou answered the question. :-) I am guessing he won't now (or will provide a variant of your answer).

 

That aside, I don't think the meltdown of the euro will happen, since Greece (and possibly Spain, Portugal) will be out of the euro long before that. It was a mistake to include countries with dramatically lower labor productivity (combined with no out by way of monetary/fiscal policies).

post #32 of 77
Quote:
Originally Posted by cameronj View Post

LOL if we're going to reduce the word soaring to "a tiny tiny rise" then yeah, you're right.  But you're the only one saying that.  The people with whom I'm arguing  on this thread are clearly claiming that a 2% rise is a large increase simply because Apple is large.  Sadly I'm guessing they wouldn't be so happy if Apple did what most large companies do at best, and increase in value by 8-15% in a solid year.  Something tells me most stockholders of Apple wouldn't consider that "soaring" over the course of a year.  Yet by your definition, as long as Apple stock increases by a penny every day for the next year, it will have SOARED EVERY DAY, and it's 0.05% gain over the course of the year would be met with happy headlines proclaiming that AAPL stock SOARED in 2012.  Right?

 

Riiiight ;)

 

I guess it comes down to how somebody defines soaring. If AAPL hadn't hit an all time high today, then I obviously wouldn't have considered a 2% rise to be soaring.

 

As for your penny increase scenario, it would be pretty funny if AAPL behaved like that. It would make trading AAPL kind of boring though, if a $675 stock only moved a penny each day. Even RIM and other failed stocks move more than that each day.

 

But you're right, by the definition which I gave, I guess that AAPL would be soaring if it only went up a penny each day, and hit a new all time high every day. Luckily for us and for others who dabble in the stock, that scenario won't happen, so there's no chance of me looking foolish. :)

post #33 of 77
Quote:
Originally Posted by Eric Dolecki View Post

It is when the stock is already worth so much... 2% is a lot. And yes. Soaring.

 

It's easy to see how people can argue about this.  But to me, the 2% increase is a $12B increase.  Twelve billion dollars kind of sounds like "soaring" to me.  Or from another perspective, my perosnal AAPL holdings went up $30K today, which is 50% of my original investment back in the previous century.  So either way I look at it, 50% or $12B, I think AAPL soared today! lol.gif

post #34 of 77
Quote:
Originally Posted by tylerk36 View Post

Ok so I am gonna go out on a limb here.  I will quote FoxNews.  It's Obamas fault.  There now sell all your stock and retire because it's Obamas fault.

Well, many things are his fault. But why the need to take a dig at Fox News in a topic that has nothing to do with it?

 

I bet that Obama losing is going to be a great thing for the stock market and the economy in general. I can hardly wait.

post #35 of 77
Quote:
Originally Posted by cameronj View Post

Doesn't matter what the base price is.  Whether it's 2000 cents or merely 600 dollars.  Percentage moves are all that matters when considering how "big" a move is.  If you invest $6000 and buy 10 shares, $120 is not a lot.  If you invest $600,000 and buy 1000 shares, $12,000 is not a lot.

2% is not "soaring"
Whether it's soaring or not that 2% represented an $11 billion increase in market cap. That's not nothing.
post #36 of 77
Quote:
Originally Posted by Rogifan View Post


Whether it's soaring or not that 2% represented an $11 billion increase in market cap. That's not nothing.

Sounds like we're getting close to agreeing ;)  Apple went up today in a slight, non-zero, non-nothing amount.  Perfect.  Every share you own gets a tiny $12 worth of that huge gain.  

post #37 of 77
Quote:
Originally Posted by cameronj View Post

LOL if we're going to reduce the word soaring to "a tiny tiny rise" then yeah, you're right.  But you're the only one saying that.

Tell you what. I'll lend you $10000, if you give me a 2% return every day for the next year before you pay me back the principle, Then you can tell me about soaring.
post #38 of 77
Quote:
Originally Posted by mmmdoughnuts View Post

Tell you what. I'll lend you $10000, if you give me a 2% return every day for the next year before you pay me back the principle, Then you can tell me about soaring.

Let's see - $10,000 investment and you get $200 back every day? Yes, that would be pretty impressive. 730% return on investment.
"I'm way over my head when it comes to technical issues like this"
Gatorguy 5/31/13
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"I'm way over my head when it comes to technical issues like this"
Gatorguy 5/31/13
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post #39 of 77
Quote:
Originally Posted by mmmdoughnuts View Post


Tell you what. I'll lend you $10000, if you give me a 2% return every day for the next year before you pay me back the principle, Then you can tell me about soaring.

See, all the people who claim it's such a huge gain change it up so it's not just 2% in a day (which is small).  It's always oh gee 2% every day for a year is really large so 2% in one day is large!  Or Apple is up so much this YEAR it's really soared!  Wrong!  2% in one day, SMALL gain.

post #40 of 77
Quote:
Originally Posted by anantksundaram View Post

No offense, but I'd rather that herbapou answered the question. :-) I am guessing he won't now (or will provide a variant of your answer).

That aside, I don't think the meltdown of the euro will happen, since Greece (and possibly Spain, Portugal) will be out of the euro long before that. It was a mistake to include countries with dramatically lower labor productivity (combined with no out by way of monetary/fiscal policies).

For me its not one thing in particular, its the combination of all the data combine with the
latest run and the fact that september is offen a bad month, I dont like it.

I just ride on those options since 530, so securing the profits and taking a pause. If we get a pull back, i will slowly get back in since I expect Apple to rally on huge earnings expectatins in january 2013.
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