"Buy on the rumor, sell on the news," is an old saying on Wall Street that dates back to the 1920s. While everyone was waiting to see what Apple would announce over the last few weeks, the tech giant saw its shares rise from a low near 70 in February, to the recent high near 104. But once the news broke today, the sellers came out to take profits.
Just in case you were wondering, Apple's share price on June 29th 2007, the launch date of the original Apple iPhone, was 17.43 (taking this year's 7 for 1 stock split into account). And some big name investors expect the stock to rise even more. Carl Icahn, one of Apple's largest stock holders, told Bloomberg reporter Trish Regan today that he is buying more Apple stock. Icahn had been trying to get Apple to increase the size of its stock repurchases, but for now he sees Apple as a great bargain.
source: Yahoo, @trish_regan
- Display 4.7" 750 x 1334 pixels
- Camera 8 MP / 1.2 MP front
- Processor Apple A8, Dual-core, 1400 MHz
- Storage 128 GB
- Battery 1810 mAh(14h 3G talk time)
Posts: 1280; Member since: Feb 27, 2014
I thought it should go up high cause of the launch? Wall Street is right again(sarcasm)
posted on Sep 09, 2014, 4:46 PM 4
Posts: 1602; Member since: Oct 14, 2012
posted on Sep 09, 2014, 4:50 PM 5
Posts: 5993; Member since: Dec 22, 2010
Well, the newest iToys weren't exactly something to set your hair on fire. Wall Street collectively has figured that Apple won't be setting sales records sufficient to justify the present share price. The shares have been re-priced to reflect lower earnings by AAPL. Even the watch is underwhelming. No wonder the shares dropped.
posted on Sep 09, 2014, 6:06 PM 3
Posts: 522; Member since: Apr 28, 2014
Smart people in wall street who care about their money know apple alredy failed , this is why its happening.
posted on Sep 09, 2014, 4:52 PM 6
Posts: 1459; Member since: Mar 09, 2010
In the stock market it's called "buy the rumor sell the news" as Alan called it. iPhone 6 is Nothing over the top, but if sales fall this will flush lower. The note Edge, and the not 4 seems to have the edge in this department. Now it seems to be up to how much the Apple fans love this over the 5S. Apple now has become the follower instead of the leader....too bad because the introduction of the iPhone was innovative and ground shaking to say the least.
posted on Sep 09, 2014, 5:00 PM 5
Posts: 649; Member since: Aug 29, 2014
I feel sorry for Apple. :/
posted on Sep 09, 2014, 4:53 PM 4
Posts: 30969; Member since: Feb 05, 2011
Yeah me too, most valuable company, and almost 600 billion in cash and Capitol. Yep I feel sorry for em too.
posted on Sep 09, 2014, 4:56 PM 2
Posts: 363; Member since: Aug 13, 2014
I bet this guy doesn't even own a note 3.... he just couldn't $hit on it since it was the true beast of 2013 so he just acted like he owned one to make himself feel better lol everone on PA knows that he's a ijoke not a techie
posted on Sep 09, 2014, 5:15 PM 11
Posts: 5993; Member since: Dec 22, 2010
Because there isn't much to crow about on the specs of the new iToys. Remember when the iToys back in the day were really leading the pack (4 for example)? The fans rightly crowded about the features. Now, with underwhelming features, the fans are left to crow about AAPLs balance sheet. As if the balance sheet does anything for them if they aren't shareholders. If they are shareholders, they just lost ~3% of the value of their investment. What a wonderful day for them.
posted on Sep 09, 2014, 6:10 PM 6
Posts: 1418; Member since: Mar 02, 2011
It seems as though more Android fans paid attention to Apple's keynote more than any Android vendors product announcement.
posted on Sep 09, 2014, 4:57 PM 2
Posts: 509; Member since: Jun 30, 2012
I used to love apple products. However their foul mouth and legal action bullying the competitors made me who I am today, an apple hater.
posted on Sep 09, 2014, 5:45 PM 2
Posts: 1515; Member since: Jun 03, 2010
Those lining up for the new iphone due to pent up demand, don't care about stocks. The investors do. This phone will sell in respectable numbers and Apple will make even more on profits and that is what investors are banking on. That is how Apple operates. Buy cheapest components and implement them into a device it can charge top dollar for. Investors get rich, the company gets richer, and customers get second helpings in a device that is using last year or even older technology. John B.
posted on Sep 09, 2014, 6:01 PM 5
Posts: 294; Member since: Nov 23, 2012
I wish ifans teach a lesson to Apple co by not encouraging the sales of ip6... that might teach some lesson to Apple.... after Jobs, this company is dooming year after year........... i am scared that it wont become another blackberry in history of smartphones?
posted on Sep 10, 2014, 2:10 AM 0
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