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JustWokeUp (89.20)

What happened to AAPL yesterday and today?



June 13, 2008 – Comments (8) | RELATED TICKERS: AAPL

Down 9% in two days.

Where is the bad news?

Technical indicators does show some slow down in the momentum, but I thought, hey, this is AAPL, and they are about to release a new, better, iPhone.

Is Steve Jobs really sick?

Is the product not as good as expected?

Should I actually pay closer attention to my techies, because the market sometimes slow down and speed up for no apparent reason? 

What happened? 

8 Comments – Post Your Own

#1) On June 13, 2008 at 1:38 PM, madcowmonkey (< 20) wrote:

3G- pretty much nothing for the states, but they opened up the progress into other countries using the iPhone, like China. 

I was kind of excited about the new phone, but it really doesn't do anything new. Faster web. A few upgrades, but nothing major. If all goes well with the other parties in China, the new market should bring in some good revs.


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#2) On June 13, 2008 at 2:02 PM, joeykid13 wrote:

Wait until it gets to 100-120, and then buy.  Nobody trusts the new price targets anymore.  These companies announce new price targets and then sell their customers holdings on the is a total scam.

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#3) On June 13, 2008 at 2:53 PM, leohaas (29.34) wrote:

AAPL was 50% up in 3 months. Even the best stocks take a breather every once in awhile!

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#4) On June 13, 2008 at 3:12 PM, FSUSully (88.99) wrote:

Buy the rumor, sell the news.

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#5) On June 13, 2008 at 4:05 PM, JoHooch (22.52) wrote:

joeykid13 above is wrong.  Don't wait for it to fall to buy.  You never know how far it will fall.  Wait for it to break upper resistance to buy.  I was long AAPL for a 50% gain recently, but sold everything at 191.  Why?  Because I know there aren't many buyers from 190-200.  That was it's previous upper limit.  It's forming a deep cup/handle right now.  From it's recent highs, it needs to form a new handle base from which to move higher.  It's doing that now.  I'll think of buying it again if it can crack the most recent high of about 195 or so on high volume buying after forming a 4 or 5 week long handle.  Then I know that the big money believes AAPL can break to new highs.

All the good news in the world is factored in.  Who didn't know a 3G was coming? 

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#6) On June 13, 2008 at 4:56 PM, kristm (99.76) wrote:

Apple always drops after a product announcement. The rumor mills and tech media set everyone up to expect things greater than humanly possible, and then everyone's disappointed when the product is only freaking awesome instead of insanely impossibly cool. The only way Apple stock would hold after a product introduction would be for Steve Jobs to literally walk on water during a product introduction and for the same tech media to not run idiotic articles attacking or doubting the product that was just introduced.

Saw some dumb piece of crap story the other day with a headline like "APPLE COULD FALL VICTIM TO RAZR CURSE" and all it said was basically Motorola dropped prices on the Razr phone and then they stopped improving it so the product lost popularity, and Apple might possibly do that because of the lower priced iPhone even though nothing in the company's history or management indicates that it will do so. Come up with some random attention-getting gloom-and-doom headline so Apple investors, customers, and haters will read it. Nevermind if it has any truth or relevance inside it.

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#7) On June 14, 2008 at 1:09 AM, JustWokeUp (89.20) wrote:

Hello Guys...

Thank you to all of your comments - it really soothe me. I particularly love the 'buy on the rumors, sell on the news' comment.

I also love the deep cup and handle comment. I always love it when fine china shows up in Wall Street.

I recently read an article on Reuters that states the new subsidy model could hurt AAPL's earning by 3 cents or something like that. Any take on that?

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#8) On June 14, 2008 at 1:40 PM, kristm (99.76) wrote:

The change in "the subsidy model" will be more than offset by the 30% of sales Apple will be keeping from the iPhone apps store. The hardware is being subsidized now by AT&T AND and customers who buy software for their new device.

Ten years and counting, I'm not selling a single one of MY Apple shares... 

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