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...
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39. Topcat488 (Posts: 1208; Member since: 29 Sep 2012)
The Apple bubble is about to burst... Bringing out 1 smartphone a year, ain't gonna cut it, if that phone has flaws "out the box". Look at Samsung, working with Windows and Google, my point being, Apple stands alone... Diversity plays a big roll and not only in the stock market. Apple should be making three iphones a year a 3.5", a 4.5", and a 5.5"er. Bringing one out in the spring, one in the summer, and one in the fall.
45. EclipseGSX (Posts: 1702; Member since: 18 Oct 2011)
Crash and burn motherf**kers, crash and BURN
48. GoBears (Posts: 412; Member since: 27 Apr 2012)
Well all I can do is hope they go under. I've guided quite a few people away from Apple and IOS, and continue to do so, so I like to think I've contributed to their decline. No matter how minuscule my actions might have been.
Big things have small beginnings.....
50. maxican16 (Posts: 364; Member since: 29 Sep 2011)
I love all these "exactly like I predicted" posts. Pssh, give me a break. Look, I'm all android, all the way. Some people are $heep (admittedly so), and that's fine too. Apple will be fine, because even as their loyalty may be shown to be diminishing, it's still higher than android's. There are LOTS of lemmings out there. I just hope I can make a pretty penny off of the ones buying apple goods. If you can't beat 'em, buy their stock and profit.
58. webOSlove (unregistered)
So Apple will fail? And Open webOS will rise?!!!!
66. roscuthiii (Posts: 1887; Member since: 18 Jul 2010)
It's basic human psychology. People love bubbles. We feed the bubbles. We love to see the bubbles reach immense record setting proportions. We live vicariously through the bubbles.
Until... eventually the bubble can no longer support it's own growth. It collapses in upon itself. Now people feel bad, so they dog-pile on to the next expanding bubble to feel good about themselves again. All the time wondering how they could not see the burst coming. But this next bubble, it's a sure thing, a good bet, a solid investment surely... Wash, rinse, repeat.
It's like people have learned nothing from the dot com, housing, banking, etc. bubbles.
People just love bubbles.