Shares fell 12% in the space of two days, shaving more than $285 billion off Apple’s market cap.
My take: That’s got to be some kind of record.
2 years agoApple gets a haircut
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2 years ago
My take: That’s got to be some kind of record.
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on Wayne Ma: Why Apple’s prototype headset has 14 cameras 'That video was absolutely incredible. Thanks for sharing.'
on Premarket: Apple is green 'Joe: I understand what you are saying. Please be aware money may be moved from the market to other asset…' on Daniel Ives: Ride out the market storm with Apple 'Kirk: Without net income growth little else matters, including massive share repurchases. Apple can’t control the vagaries of the market…'
on Daniel Ives: Ride out the market storm with Apple 'RPL — Are you possibly referring to “stickin’ to your knittin’?' on Mark Gurman: Apple demoed headset last week, still overheating '“…said the people, who asked not to be identified.” Once again, where would journalism be without these phrases of hearsay,…'
on Daniel Ives: Ride out the market storm with Apple 'With Apple’s cheaper stock price, I’m excited by the thought that Apple and Berkshire Hathaway may both be buying up…'
on Premarket: Apple is green 'Nice reversal at the end, seeing a little green. Sombody out there knows a good deal when they see it….' on Premarket: Apple is green 'On the short term front, we’re starting to see more volume in AAPL, likely due to an upwelling of concern…' on Premarket: Apple is green 'I’m not a CNBC fan, but this interview is worth watching to the very end. Check out “The market has…'
on Wayne Ma: Why Apple’s prototype headset has 14 cameras 'Huge difference between research prototypes and things they will ship. I’m glad Apple swinging for the fences in the lab.…'
Actually, probably a buying opportunity.
Moral: Sometimes a haircut isn’t a bad thing….
I remain way ahead of schedule.
I was a short term pessimist.(Long term Optimist) But this much further drop after hours is a surprise even to me.
All the nellies who bailed will now say, OK, where to put my cash money now that will give me a good return and some confidence to do so? MSFT, NFLX, AMZN, TSLA, GOOGL, ZM, FB, etc.? And of those companies, what initiatives, new products, or new services are they introducing to warrant future investments?
I wonder if money is going to rotate out and rotate right back in within a month or two?
Agree about the rotating back. Would be nice to have a crystal ball to know the actual bottom.
The other issue is timing. It could easily be a month or to (I hope less), but then we are up against the uncertainties of the election. That could throw another wrench in the recovery. Of course, we also have the iPhone 12 event as a catalyst.
I think that crystal ball would be the best bet.
But the volume was not that high, and that’s a real tell. How many buy and hold investors are in for the long haul? If they don’t panic out, this selloff is going nowhere.
“Same phenomenon?”
Don’t know. I only follow Apple. But 257/4= 64.3 M pre-split shares traded today. Hardly impressive for an 8% stock drop, considering 4.25 B pre-split shares are still outstanding.
It’d be weird if this turned out to be an exceedingly short-lived opportunity to pick up some AAPL at a nice discount, but most people blinked and missed it….
I think the market as a whole got cold feet and traders with gains wanted to cash those out if they could. “Easy money” so to speak but for novices a potential trap if they think they really knew what they were doing. Remains to be seen where we go from here, how wide is the breadth of decline, and how others respond. As usual, patience and caution.