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AAPL Price Moves

post #1 of 8
2/9/09 at 11:00am
Thread Starter 
So, what's with the massive upswing in APPL, up almost every day, in the last couple of weeks? And +2.5% today, when there seems to be no major news (other than Kindle)?
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post #2 of 8
2/9/09 at 11:11am
  • e1618978
  • will burn in the Fiery Pit of Hell.
It is just the market moving up, nothing apple specific. I sold at 96 hoping for a pullback, and it didn't work out for me...
45 2a3 300b 211 845 833
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45 2a3 300b 211 845 833
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post #3 of 8
2/9/09 at 11:21am
Thread Starter 
Quote:
Originally Posted by e1618978 View Post

It is just the market moving up, nothing apple specific. I sold at 96 hoping for a pullback, and it didn't work out for me...

No, I am afraid it's not the market moving up.

Since January 21, Apple is up ~25%, while the NASDAQ has been flat, and the S&500 is up less than 2%.
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post #4 of 8
2/9/09 at 11:26am
The market is moving up. I watch it everyday. A solid company like apple will out preform the indexes these days but all in all things are going higher lately. I'm still worried about a long slow summer slide. I keep hoping were at the bottom. BUY BABY BUY!
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The politics of charisma is so Third World. Americans were never going to buy into it for long. - Foudad Ajami
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post #5 of 8
2/9/09 at 11:27am
Thread Starter 
Quote:
Originally Posted by FloorJack View Post

The market is moving up. I watch it everyday. A solid company like apple will out preform the indexes these days but all in all things are going higher lately. I'm still worried about a long slow summer slide. I keep hoping were at the bottom. BUY BABY BUY!

See above.
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post #6 of 8
2/9/09 at 11:31am
  • e1618978
  • will burn in the Fiery Pit of Hell.
Quote:
Originally Posted by anantksundaram View Post

No, I am afraid it's not the market moving up.

Since January 21, Apple is up ~25%, while the NASDAQ has been flat, and the S&500 is up less than 2%.

That is more than two weeks. Apple announced earnings on Jan 21st.

Since Jan 26th the Nasdaq is up 7.23%, and Apple is up 15.48%, which is what you would expect for a Beta 2.05 stock. The only other thing that might have moved the stock is people losing their fear of Steve dying (i.e. it will all be OK, and he probably will never be back as a full time CEO).
45 2a3 300b 211 845 833
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post #7 of 8
2/9/09 at 12:21pm
Thread Starter 
Quote:
Originally Posted by e1618978 View Post

That is more than two weeks. Apple announced earnings on Jan 21st.

Since Jan 26th the Nasdaq is up 7.23%, and Apple is up 15.48%, which is what you would expect for a Beta 2.05 stock. The only other thing that might have moved the stock is people losing their fear of Steve dying (i.e. it will all be OK, and he probably will never be back as a full time CEO).

Fair enough: I should have been more precise. I should have said 2.5 weeks (what I really meant in my question was, since the day of Apple's latest quarterly earnings call on Jan 21).

Indeed, the fact that it has moved up consistently and remarkably over what its ß would predict is what grabbed my interest (although, I am sure you'll agree, the ß is a useful measure over a longer haul than just few weeks). Could be, as you say, the disappearance of the SJ fears, but even on that front, I do not seem to have seen any specific news.
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post #8 of 8
2/9/09 at 1:02pm
Quote:
Originally Posted by e1618978 View Post

It is just the market moving up, nothing apple specific. I sold at 96 hoping for a pullback, and it didn't work out for me...

Ouch. I'm still hangin' in there. I figure I'll sell when it gets back to 200.
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Gangs are not seen as legitimate, because they don't have control over public schools.
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