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Apple stock rebounds 7.21% after hitting half-year low

post #1 of 24
Thread Starter 
AAPL stock closed up 7.21 percent by the end of trading on Monday, breaking a recent slump that saw share values drop down to a six-month low of $527.28 last week.

Apple Stock Rebound
AAPL stock rebounds following sell-off. | Chart via Reuters


While still far from the mid-September high of $705.07, Apple stock gained over $38 to close at $565.73, up 7.21 percent from the day's start. The rise brings an end to nearly eight weeks of losses as skittish investors began dumping shares after value peaked two months ago.

Analysts have speculated that AAPL's precipitous fall can be blamed on hedge fund and individual investors' worries of an anticipated U.S. capital gains tax rate hike expected to hit in 2013. While a raise in tax liability may be a factor, a more likely scenario is the compounding of multiple variables such as Apple's new product introductions and the company's fiscal fourth quarter miss.

Despite a 58 percent rise in iPhone sales year-over-year, which beat the Street's expectations, iPad sales were seen as soft at over 14 million units. Analysts expect those numbers to pick up as consumers were assumedly as waiting for the new iPad mini to debut, shipments of which are thought to be much higher than anticipated. Apple itself announced that over three million iPad minis and fourth generation iPad models were sold over the devices' first weekend of sales.

As of Monday, AAPL's market capitalization is at $532 billion, down from the almost $660 billion high in September.
post #2 of 24

Lol... Someone bought some stock last friday and is having a hell of a party right now.

post #3 of 24

Dividends were paid out on Thursday.  Anyone how has them automatically reinvested bought on the low.

post #4 of 24
Quote:
Originally Posted by pedromartins View Post

Lol... Someone bought some stock last friday and is having a hell of a party right now.

How about someone who bought April 2013 calls on Friday that went up 60% today?

 

Happy about that.... :)

post #5 of 24
Quote:
Originally Posted by corey2157 View Post

Dividends were paid out on Thursday.  Anyone how has them automatically reinvested bought on the low.

Anyone who has enough stock to care about the amount of money the dividend netted him already bought FAR lower than this morning's prices.

post #6 of 24

They manipulated the shit out of AAPL to get it down this low, and now they are buying back in to drive it back up. It's all a sham.

 

http://tech.fortune.cnn.com/2012/11/09/apple-its-mojo-and-doug-kass/

 

Citing unnamed sources with limited but direct knowledge of the rumoured device - Comedy Insider (Feb 2014)
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Citing unnamed sources with limited but direct knowledge of the rumoured device - Comedy Insider (Feb 2014)
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post #7 of 24
Quote:
Originally Posted by pedromartins View Post

Lol... Someone bought some stock last friday and is having a hell of a party right now.

 

Not as big a party as the guy who sold near the top

post #8 of 24
Quote:
Originally Posted by Ireland View Post

They manipulated the shit out of AAPL to get it down this low, and now they are buying back in to drive it back up. It's all a sham.

 

Those margin calls are a bitch.

Life is too short to drink bad coffee.

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Life is too short to drink bad coffee.

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post #9 of 24

so true... the Rigged Casino is working as it should.
 

post #10 of 24
Originally Posted by Zod Buster View Post
…the Rigged Casino is working as it should.

 

This message brought to you by…

 

1000

post #11 of 24
Quote:
Originally Posted by Tallest Skil View Post

This message brought to you by…


I feel like that image should have the words OF THE at the end so that it repeats UNITED STATES and just keeps on going around and around and around and...

This bot has been removed from circulation due to a malfunctioning morality chip.

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This bot has been removed from circulation due to a malfunctioning morality chip.

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post #12 of 24
Originally Posted by SolipsismX View Post
I feel like that image should have the words OF THE at the end so that it repeats UNITED STATES and just keeps on going around and around and around and...

 

So do I feel that way also.

post #13 of 24
Quote:
Originally Posted by cameronj View Post

How about someone who bought April 2013 calls on Friday that went up 60% today?

 

Happy about that.... :)


Please correct me if I'm wrong on this.  Are you saying that at today's closing of $565.73 which was up 60% for you, you have a 4/2013 strike price of $353.59/share?  I'm going on an assumption that you don't work at Apple which would have granted you shares at that price.  If that's the case, someone is thinking that Apple will be worth $353.59/share in April of next year?

I don't do options, so I'm just being curious...

post #14 of 24
Quote:
Originally Posted by sflocal View Post


Please correct me if I'm wrong on this.  Are you saying that at today's closing of $565.73 which was up 60% for you, you have a 4/2013 strike price of $353.59/share?  I'm going on an assumption that you don't work at Apple which would have granted you shares at that price.  If that's the case, someone is thinking that Apple will be worth $353.59/share in April of next year?

I don't do options, so I'm just being curious...

 



options are a right to buy/sell at a certain strike price. e.g. an april call option with a strike price of 550 was worth less than $35 on friday and it closed at $56.45 today

post #15 of 24
Quote:
Originally Posted by cameronj View Post

How about someone who bought April 2013 calls on Friday that went up 60% today?

 

Happy about that.... :)


Someone who bought Nov 23rd 2012 calls made 1000%

 

Happy about that.... :)

post #16 of 24
Quote:
Originally Posted by arch View Post


Someone who bought Nov 23rd 2012 calls made 1000%

Happy about that.... 1smile.gif

You should be!

As long as you don't confuse luck and skill......1wink.gif
post #17 of 24
Think that's awesome? LiquidMetal bounced back 45.45% just today. And praise God, finally I got in at the bottom of something and made a quick buck. For those wondering, it hovered at $.35 when people thought the iPhone 5 might have LQMT components. Then it tanked to $0.10, which was where it was when I bought it. Today it opened at $.11 and closed at $.16.

I still say it's in the cards. If there's an iPhone 5S, I'll be the 6 uses lqmt for the frame at least, maybe also the backing.
post #18 of 24
Quote:
Originally Posted by sflocal View Post


Please correct me if I'm wrong on this.  Are you saying that at today's closing of $565.73 which was up 60% for you, you have a 4/2013 strike price of $353.59/share?  I'm going on an assumption that you don't work at Apple which would have granted you shares at that price.  If that's the case, someone is thinking that Apple will be worth $353.59/share in April of next year?

I don't do options, so I'm just being curious...

Nope, an option is just like any other security in that its price changes from day to day.  So the right to buy Apple at 600 in April cost around 20 at close on Friday and now costs about $34.  Now, I wasn't lucky enough to buy it that cheaply, as I bought it before the market opened on Friday.  But today still sure felt good.  I'm banking on an eventual pop back to and past 600 before February, which should give me some very solid profits.  Risky bet and you have to know that if you bet wrong, you may lose your entire investment, but if you want to multiply your profits at the risk of losing it if you're wrong, that's a good way to do it.

post #19 of 24

Whew. I was getting nervous there that the bears were right. Even though I knew logically that it was a classic AAPL funk. 

I need to stop reading investment blogs.

post #20 of 24
Quote:
Originally Posted by anantksundaram View Post


You should be!
As long as you don't confuse luck and skill......1wink.gif


For me it always seems to be a little of both when I make money.

 

When I lose money I always blame it on luck.  1smile.gif

Hmmmmmm...
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Hmmmmmm...
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post #21 of 24
Quote:
Originally Posted by Ireland View Post

They manipulated the shit out of AAPL to get it down this low, and now they are buying back in to drive it back up. It's all a sham.

 

http://tech.fortune.cnn.com/2012/11/09/apple-its-mojo-and-doug-kass/

 

 

I thought you knew that nobody can manipulate AAPL.

Hmmmmmm...
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Hmmmmmm...
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post #22 of 24
Quote:
Originally Posted by cameronj View Post

Anyone who has enough stock to care about the amount of money the dividend netted him already bought FAR lower than this morning's prices.

Exactly, with 260 shares (more than 1/2 at a margin loss) I got $711 good for 1.31 reinvested shares. While every little bit helps that dividend isn't making many people rich.
post #23 of 24
That chart still needs a while before we get back to $700. Hopefully, the sooner the better.
post #24 of 24
Quote:
Originally Posted by GregInPrague View Post


Exactly, with 260 shares (more than 1/2 at a margin loss) I got $711 good for 1.31 reinvested shares. While every little bit helps that dividend isn't making many people rich.


Lets say $2 bn of the overall dividend distribution was reinvested into shares, shares that have since gained over 5%.  That's a $100 million bonus, as of today, due to great timing.  By the time the stock gets to $700 again, that bonus will also have grown to $600 million.  I know its small compared to market cap, but it's still a lot.

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