[jokell82]

Wow, what a hit the stock took today. It's up a *bit* in after hours, but who would've thought that some AT&T news that sent its stock up would take a bad turn for Apple. 164,000 phones activated in 17 hours has NOTHING to do with how many phones were sold.

I can't wait for the earnings report tomorrow and for all the people who sold today regret their decision.

[olePigeon]

Apple could discover the cure for cancer and their stock would still go down.

[::maroma::]

Originally Posted by olePigeon 

Apple could discover the cure for cancer and their stock would still go down.

Yep, and analysts would predict that cure for cancer to also be a cure for everything else. Then when they find out it isn't, and its just a measly little cure for cancer, they scream "DISAPPOINTMENT!" and the stock plummets.

[Dork.]

As far as I can tell, it went down today because the number of iPhone activations that AT&T reported for the quarter was lower than expected. But remember: the iPhone came out on the 29th, and the quarter ended the next day, so we only have 30 hours or so worth of activations represented there. And it is well-known that AT&T's activation system was kind of slow that weekend.

If Apple comes out with a larger number for iPhone sales for the quarter (as opposed to AT&T's "Activations" number), then expect the stock to take back some of that loss tomorrow, IMHO.

[sdilley14]

I hate that the stock's value is so fragile and based on so much speculation right now. How many phones were bought and not activated? I know ATT had some real troubles activating service those first two days because of such high volume. At any rate, I'm hoping the Apple report is angled a little better than ATT's numbers and Mac and iPod sales are strong like I'm guessing.

[::maroma::]

Originally Posted by Dork. 

As far as I can tell, it went down today because the number of iPhone activations that AT&T reported for the quarter was lower than expected.

Yes, but those numbers that were "expected" were made up out of thin air by the same geniuses who are now crying "disappointment" because AT&T didn't meet their numbers. Isn't this a fun game?

[jokell82]

Originally Posted by Dork. 

As far as I can tell, it went down today because the number of iPhone activations that AT&T reported for the quarter was lower than expected. But remember: the iPhone came out on the 29th, and the quarter ended the next day, so we only have 30 hours or so worth of activations represented there. And it is well-known that AT&T's activation system was kind of slow that weekend.

If Apple comes out with a larger number for iPhone sales for the quarter (as opposed to AT&T's "Activations" number), then expect the stock to take back some of that loss tomorrow, IMHO.

It wasn't even a full 30 hours - only 17. That's over 9,000 activations PER HOUR. That doesn't include people who bought it and had activation problems, or people that just didn't activate it until after Saturday.

[sdilley14]

And hopefully all of that will be outlined and addressed tomorrow when they give their earnings report.

[Big Mac]

Apple has been up huge since last quarter. Expect some pull-back after such a huge run up.

I just wish I could have held Amazon for the earnings. Yowza!

[jokell82]

Up to 143.24 in after hours trading. No thanks to the morons selling on AT&T's report.

Go AAPL go!

Edit - wow it's over 145 now!

[bradoesch]

The after hours high is $ 151.98. It'll be interesting to see where she opens tomorrow.

[Dork.]

If the stock sustains this level, shouldn't they think about splitting soon?

[Art Vandelay]

I read somewhere (can't recall where) that they aren't planning to split and that they're following Google's direction in this. No more splits, just let the price keep going up.

[Dork.]

Originally Posted by Art Vandelay 

I read somewhere (can't recall where) that they aren't planning to split and that they're following Google's direction in this. No more splits, just let the price keep going up.

Oh well. I know it doesn't mean anything, but I'd like to get more shares for nothing, especially after I figured that the stock was overvalued at $80 last year and sold some. Luckily, I didn't sell everything.

[Cold Warrior]

Man I'm so glad I got in at $20 years ago.

[Big Mac]

Originally Posted by Art Vandelay 

I read somewhere (can't recall where) that they aren't planning to split and that they're following Google's direction in this. No more splits, just let the price keep going up.

I'm not entirely sure about that. At this level Apple's stock is more prone to manipulation because fewer hands can afford to trade it. In the past Apple cited price manipulation as the primary reason to split. I think we'll see a split around $200.

[highstakes]

Wow...just a few months ago, they were at $90; they made lot of people happy in the past few days.

[Stogieman]

It ended today at $146.00. Not bad... not bad at all. I bought my stock when it was around $73.

[goMac]

I made some nice money today.

[nonhuman]

Originally Posted by Big Mac 

I'm not entirely sure about that. At this level Apple's stock is more prone to manipulation because fewer hands can afford to trade it. In the past Apple cited price manipulation as the primary reason to split. I think we'll see a split around $200.

I sure hope so...

[ThinkInsane]

Originally Posted by Cold Warrior 

Man I'm so glad I got in at $20 years ago.

You ain't the only one. I bought in at $14 and held on to it for no other reason than to support Apple. Now I'm glad I've kept it all these years.

[- - e r i k - -]

Better analysis than any analysist:
Macopinion

[Dakarʒ]

Down around $115 right now. Getting near a good time to jump in, maybe.

[sdilley14]

I'm glad I got out a couple weeks ago. I don't understand at all why this stock is crashing. There's been nothing but excellent news and stellar earnings reports in the past two months, analysts recommending to buy and projecting it to go $200+...and here it is, falling every day, down to $114. Can someone put this situation in terms I can understand?

[Big Mac]

70% of an individual stock's movement is based on the movement of the broader market and the sector to which it belongs. Almost every equity is being taken down by this long overdue correction, which may end up being a bearish reversal if underlying economic trends falter and we go into a recession.

Those who were able to get out near the top should be happy that soon they'll be able to buy in again at much cheaper prices once the bull is back, and that's true across the market. There are a lot of great corporations trading at discounts now.

[stwain2003]

Holy CRAP! $112?! What's happening to our beloved AAPL?

[GSixZero]

Originally Posted by sdilley14 

Can someone put this situation in terms I can understand?

Originally Posted by sdilley14 

... I got out a couple weeks ago.

Because people are selling it. I think there's a lot of profit taking going on. People who bought in under $100 started to cash out, and when the stock started to fall everyone else got scared and cashed out.

[Lateralus]

Today is a boat load of fun. As hard as AAPL is getting hit right now (down $7), it's one of the better stocks in my portfolio today.

[bradoesch]

So you're short Apple then?

[MOTHERWELL]

I bought my AAPL in 1/2002 at 24 so I am not complaining.

[jokell82]

Originally Posted by bradoesch 

So you're short Apple then?

Sounds more like he's talking about how the rest of the market is getting raped even worse than AAPL.

[Chuckit]

Originally Posted by stwain2003 

Holy CRAP! $112?! What's happening to our beloved AAPL?

The market isn't doing well today. Apple is especially volatile for a Fortune 500 company. I think that's all we're seeing.

[Eriamjh]

Up $5 yesterday. AAPL was really probably overvalued at $145. Watch it slowly recover and go higher before the next quarterly profit announcement.