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Apple drops under $600; is the moon ride over for investors?

0. phoneArena 31 Oct 2012, 11:00 posted on

Back at work after a two day Hurricane Sandy-related hiatus, Nasdaq traders are dumping shares of Apple following the management shake-up with Scott Forstall and John Broweet; shares of the Cupertino tech giant are down more than 2% and have dropped under $600 a share...

This is a discussion for a news. To read the whole news, click here

posted on 31 Oct 2012, 11:06 38

1. jmoita2 (Posts: 930; Member since: 23 Dec 2011)


Just as I predicted... Get ready for a rough ride, Apple investors. Buckle up, because it's a looong way down.

posted on 31 Oct 2012, 11:19 25

6. dmckay12 (Posts: 243; Member since: 25 Feb 2012)


Predicting that a stock will go down is like me predicting what I will have for lunch (Jelly sandwich and flaming hot cheetos every day).

posted on 31 Oct 2012, 11:29 25

11. simplyj (Posts: 404; Member since: 23 Dec 2009)


I wish I had your lunch.

posted on 31 Oct 2012, 13:49 4

33. The_Innovation (Posts: 610; Member since: 18 Jul 2012)


You would die at a very young age at that rate.

posted on 31 Oct 2012, 16:06

51. troutsy (Posts: 313; Member since: 17 Feb 2012)


Michael: You were flying today, buddy.
Buster: Yes, I was flying. But a little too close to the sun.

posted on 31 Oct 2012, 17:08

53. dmckay12 (Posts: 243; Member since: 25 Feb 2012)


You would be correct if I didn't teach/do Kung Fu 9 hours a week and play hockey for at least 3 hours a week, while being on a medicine that requires weight gain.

posted on 31 Oct 2012, 17:33

54. dmckay12 (Posts: 243; Member since: 25 Feb 2012)


Not trying to be an ass, just saying I'll be fine.

posted on 01 Nov 2012, 01:27

61. The_Innovation (Posts: 610; Member since: 18 Jul 2012)


Keep up that diet, and we'll talk in 5 years.

posted on 01 Nov 2012, 02:51

62. dmckay12 (Posts: 243; Member since: 25 Feb 2012)


Sir, that is what I have had for lunch almost everyday for 12 years. I feel fine.

posted on 01 Nov 2012, 14:31

65. The_Innovation (Posts: 610; Member since: 18 Jul 2012)


mmmhmm

posted on 31 Oct 2012, 23:19

60. Nadr1212 (Posts: 741; Member since: 22 Sep 2012)


I'm actually not surprised because of how much $ Apple owes to companies suing it rite now

posted on 31 Oct 2012, 11:53 7

16. Commentator (Posts: 3709; Member since: 16 Aug 2011)


Just as you predicted. Wow, I wish we were all as brilliant as you. You're a fantastic financial analyst. You should get together with all the other Android fanboys on this site and start an investment firm.

posted on 31 Oct 2012, 12:14 1

21. jmoita2 (Posts: 930; Member since: 23 Dec 2011)


And how do you know I haven't??? Currently, I'm shorting Apple... and laughing all the way to the bank. lol

posted on 31 Oct 2012, 12:23 2

22. Commentator (Posts: 3709; Member since: 16 Aug 2011)


The mere fact that you said "and how do you know that I haven't", "???", and "lol" tells me that you haven't.

posted on 31 Oct 2012, 12:49 5

27. darkkjedii (Posts: 22156; Member since: 05 Feb 2011)


Lmao good one. As if stocks don't rise fall, and rise. That's the nature of business...apple is fine. This holiday season will send their stock soaring, then at some point it'll fall a bit.

posted on 31 Oct 2012, 15:11

46. PhenomFaz (Posts: 1236; Member since: 26 Sep 2012)


oh so now we need earthly stock advice from a jedi!...i'll pass thank you!

posted on 31 Oct 2012, 12:44 4

24. PhenomFaz (Posts: 1236; Member since: 26 Sep 2012)


and its not on a slope...more like from the edge of a very straight cliff!

posted on 31 Oct 2012, 14:04

35. darkkjedii (Posts: 22156; Member since: 05 Feb 2011)


Shhhhhhh

posted on 31 Oct 2012, 15:12

47. PhenomFaz (Posts: 1236; Member since: 26 Sep 2012)


troll much yet?
and you haven't answered me from the last comment....where do you shhhh from your mouth or your a$$?

posted on 31 Oct 2012, 16:24

52. darkkjedii (Posts: 22156; Member since: 05 Feb 2011)


Your mouth and what was your last ?

posted on 01 Nov 2012, 05:40

63. PhenomFaz (Posts: 1236; Member since: 26 Sep 2012)


that doesnt even mnake sense but ey how can i count on you to make any sense?
However I'll repeat my question...you shhh a lot so where do you shhhh from - your mouth or your a$$? Reason for asking is cause I am pretty sure you laugh out of your a$$..since you use LMAO a lot...so where do you shhh from?

posted on 31 Oct 2012, 13:20 4

31. JeffdaBeat (unregistered)


Not exactly. Smart investors know that you buy into stock for the long term, not the day to day. This is obviously a reaction to firing of Forstall and Browett who head two extremely important areas in Apple. I'm an iSheep and even I am a little weary of how the change will effect things. Stock prices will go up and down. I have no clue how this will turn out, but I doubt this will be the beginning of the end. All stocks were mixed today and Apple isn't exempt from that.

posted on 31 Oct 2012, 14:13 5

36. Aeires (unregistered)


Steadily declining since 21st of September, it's not just related to the recent execs being let go.

posted on 31 Oct 2012, 14:35 1

40. darkkjedii (Posts: 22156; Member since: 05 Feb 2011)


It's risen and fallen since, not a steady decline like the droiders would like. Bash as u will, but apple is fine.

posted on 31 Oct 2012, 14:41 1

42. Aeires (unregistered)


Trending decline, not up and down without pattern. Anyone with any statistics background can see that over a months worth of data shows it's in decline, not just fluctuating. It's clear as day in the graph above.

Granted, anything can change, but even the Mini didn't help it get back to level or climbing status.

posted on 31 Oct 2012, 14:56 3

43. darkkjedii (Posts: 22156; Member since: 05 Feb 2011)


Dude hit me up when apple stock falls to 1$ a share, and they close their doors for good. Until then its not even worth arguing about.

posted on 31 Oct 2012, 14:57

44. Aeires (unregistered)


The why did you?

posted on 31 Oct 2012, 19:17 1

55. InspectorGadget80 (unregistered)


I'd rather see them BANKRUPT

posted on 01 Nov 2012, 13:04

64. JeffdaBeat (unregistered)


You want to see them bankrupt? A lot of my friends have jobs with Apple...just because you have some immature hatred for a company, you want to see thousands of people that love what they do lose their jobs? Real mature bud...

posted on 31 Oct 2012, 20:26

59. jroc74 (Posts: 6015; Member since: 30 Dec 2010)


Gotta agree with this. See, told you there are times I agree with you....lol.

Stocks rise n fall on a daily basis. Google hasnt in a long while and havent fell alot. But its the reason why I stopped trying to play the stock market. I did sell at the right time for Zynga tho....whew.

I cant see Apple stock falling so far down that they are in trouble.

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