Apple Share Price Dropping

OneWorld22 · OneWorld22 #1 (**permalink**)

01-07-2008, 11:08 AM

After a big fall late last week, the share price is down 7.05 already this morning....

What is going on? The market is down generally of course, but other major tech stocks are down only a fraction of what Apple has lost over the past few days. Is there a reason for this?

Even MSFT is up!

MacintoshMatt · MacintoshMatt #2 (**permalink**)

01-07-2008, 11:47 AM

Is it something to do with macworld coming up?

OneWorld22 · OneWorld22 #3 (**permalink**)

01-07-2008, 11:58 AM

I don't know.....

I've been trying to look at the various investor blogs and no real answers.

Experts are saying the stock is still predicted to go to $200 so maybe a good price to buy if it stays at this $170 mark or goes further.

Could be a nice spike after Macworld as well....

cheesybanana · cheesybanana #4 (**permalink**)

01-07-2008, 12:29 PM

I wouldn't worry about it. The market is so fickle right now, with the poor economy.

A suggestion:
Don't check your stocks every day. It is just stressful and nerve-racking. Unless you have a special reason to, you shouldn't check them more than one a week, max. All stocks go up and down, but if you picked good ones, they will go more up than down overall. So don't worry about it!

Zoolook · Zoolook #5 (**permalink**)

01-07-2008, 12:55 PM

There are a number of things going on.

First of all, a lot of people would have speculated on Apple reaching $200, which it did, and then plan to sell off at that price. It'd be automated, and large volume. So a lot of people would have bought a lot of stock, then sold it for a $50 per share profit.

However the biggest issue is that the US economy is heading for a downturn, and luxury goods always get hit first. Intel got hit too, so did Dell, so the prediction is that fewer 'toys' will be sold this year due to people finally feeling the credit pinch, weak dollar and slow down in the jobs market.

markxs · markxs #6 (**permalink**)

01-07-2008, 10:21 PM

If you don't have Apple stock- get it in any case (keep in mind I am not an expert and I got my share when it cost in mid 80s).

baggss · baggss #7 (**permalink**)

01-07-2008, 10:39 PM

Quote:

Originally Posted by markxs

If you don't have Apple stock- get it in any case (keep in mind I am not an expert and I got my share when it cost in mid 80s).

I got mine when it cost ~$12.

nukemm · nukemm #8 (**permalink**)

01-07-2008, 11:13 PM

I'm not rich enough to buy stock.

If I had some money, though...

MacintoshMatt #2 (permalink)
Member Since: Nov 28, 2007 Location: Heathfield, East Sussex, UK Posts: 35 Mac Specs: 8 gb Ipod Touch	01-07-2008, 11:47 AM Is it something to do with macworld coming up? "Beyond Vista"
	QUOTE Thanks

cheesybanana #4 (permalink)
Member Since: Jan 13, 2007 Location: Akron, Ohio Posts: 939 Mac Specs: C2D MacBook Pro	01-07-2008, 12:29 PM I wouldn't worry about it. The market is so fickle right now, with the poor economy. A suggestion: Don't check your stocks every day. It is just stressful and nerve-racking. Unless you have a special reason to, you shouldn't check them more than one a week, max. All stocks go up and down, but if you picked good ones, they will go more up than down overall. So don't worry about it! Dost thou think, because thou art virtuous, there shall be no more cakes and ale?
	QUOTE Thanks

Zoolook #5 (permalink)
Member Since: Sep 24, 2006 Location: Brooklyn, New York Posts: 2,743 Mac Specs: 15" MacBook Pro, i7 2.66Ghz, 8GB RAM, 512GB SSD; iPad 32GB, iPhone 3GS	01-07-2008, 12:55 PM There are a number of things going on. First of all, a lot of people would have speculated on Apple reaching $200, which it did, and then plan to sell off at that price. It'd be automated, and large volume. So a lot of people would have bought a lot of stock, then sold it for a $50 per share profit. However the biggest issue is that the US economy is heading for a downturn, and luxury goods always get hit first. Intel got hit too, so did Dell, so the prediction is that fewer 'toys' will be sold this year due to people finally feeling the credit pinch, weak dollar and slow down in the jobs market. In the land of the blind, the one-eyed man is stoned to death. - Joan D. Vinge
	QUOTE Thanks

markxs #6 (permalink)
Member Since: Jan 05, 2008 Posts: 5	01-07-2008, 10:21 PM If you don't have Apple stock- get it in any case (keep in mind I am not an expert and I got my share when it cost in mid 80s). Drum Cases Drum Dvd Drum Throne
	QUOTE Thanks

nukemm #8 (permalink)
Member Since: Dec 15, 2006 Location: Oak Harbor, WA Posts: 925 Mac Specs: 2.33Ghz Core2Duo MacBook Pro /// 2.2Ghz Core2Duo MacBook	01-07-2008, 11:13 PM I'm not rich enough to buy stock. If I had some money, though... Don't forget to use the reputation system! My Setup
	QUOTE Thanks

Apple Share Price Dropping

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OneWorld22 #1 (permalink)
Member Since: Jul 28, 2006 Location: Dublin, Ireland Posts: 75 Mac Specs: iMac 20in 2.0GHZ Intel Core Duo 2GB Ram	01-07-2008, 11:08 AM After a big fall late last week, the share price is down 7.05 already this morning.... What is going on? The market is down generally of course, but other major tech stocks are down only a fraction of what Apple has lost over the past few days. Is there a reason for this? Even MSFT is up!
	QUOTE Thanks

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