Apple stock rebounds 7.21% after hitting half-year low

Posted:
in AAPL Investors edited January 2014
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.
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Comments

  • Reply 1 of 23


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

  • Reply 2 of 23


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

  • Reply 3 of 23
    cameronjcameronj Posts: 2,357member

    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.... :)

  • Reply 4 of 23
    cameronjcameronj Posts: 2,357member

    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.

  • Reply 5 of 23
    irelandireland Posts: 17,008member


    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/


     


  • Reply 6 of 23
    strobestrobe Posts: 369member

    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

  • Reply 7 of 23
    mstonemstone Posts: 11,510member

    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.

  • Reply 8 of 23


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

     

  • Reply 9 of 23


    Originally Posted by Zod Buster View Post

    …the Rigged Casino is working as it should.


     


    This message brought to you by…


     


    image

  • Reply 10 of 23
    solipsismxsolipsismx Posts: 19,566member
    This message brought to you by…

    LL

    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...
  • Reply 11 of 23


    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.

  • Reply 12 of 23
    sflocalsflocal Posts: 4,013member

    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...

  • Reply 13 of 23

    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

  • Reply 14 of 23

    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.... :)

  • Reply 15 of 23
    arch wrote: »

    Someone who bought Nov 23rd 2012 calls made 1000%

    Happy about that.... :)

    You should be!

    As long as you don't confuse luck and skill......;)
  • Reply 16 of 23
    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.
  • Reply 17 of 23
    cameronjcameronj Posts: 2,357member

    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.

  • Reply 18 of 23
    jakebjakeb Posts: 555member


    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.

  • Reply 19 of 23

    Quote:

    Originally Posted by anantksundaram View Post





    You should be!

    As long as you don't confuse luck and skill......image




    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.  image

  • Reply 20 of 23

    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.

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