What is Digg?195 Comments
- m3mn0n, on 10/10/2007, -6/+97"all for no reason"
I can name a few... - inactive, on 10/10/2007, -5/+51Ya right no reason...The Apple stock kiddies think product releases are the only thing that makes Apple stock move. Cmon now, go read a little more about the market before you go making dumb statements like that.
- diggtomanjeri, on 10/10/2007, -2/+37Consistency. High profits. Increasing sales across most product lines. Fast development cycle (i.e. they can react to market demand). A much broader product line than before. I could probably go on. Not saying they're the best company evah, just these are some of the reasons their stock is doing well.
- guardianzero, on 10/10/2007, -1/+23What about the whole interest rate dropping? Alot of things are going up.
- smithfly114, on 10/10/2007, -2/+24guardianzero...I was just going to say, more than just AAPL have hit their 52 week high lately.
- wtmoose, on 10/10/2007, -0/+17The term "year" suggests calendar year, whereas the term "52 weeks" correctly suggests a 52 week moving window.
- inactive, on 10/10/2007, -1/+18Half the large cap technology stocks have hit all-time highs over the last few days. It's money fleeing housing and bonds, and moving into stocks.
- arizonagroove, on 10/10/2007, -4/+21If only someone could come up with single word that meant '52 weeks'...
- pxa270, on 10/10/2007, -2/+18Wow, Apple is now valued higher than HP, biggest PC vendor in the world, and more than twice at much as Dell, the no.2 PC vendor.
- hoshwa, on 10/10/2007, -1/+12AAPL has done even better than GOOG since GOOG's IPO
http://finance.yahoo.com/charts#chart1:symbol=aapl ... - jmreid, on 10/10/2007, -1/+11Dude, I wouldn't talk about your mom like that.
- TypeEE, on 10/10/2007, -1/+11iPhone, iPod, iTune, iMac?
- xtragedy, on 10/10/2007, -2/+11New products, good sales, favorable predictions, good interest rates for exports, no bad news, employment, big company, deals with other big companies and we can go on and on...
- akf2000, on 10/10/2007, -1/+10Holy *****, can I have me some o' them special options, like the ones Steve gets, all backdated like, strike price of $17 would be sweet, dude.
- m3mn0n, on 10/10/2007, -0/+8See the link CraigJ posted below.
It has to do with earnings forecasts by various analysts. - achantra, on 10/10/2007, -4/+12"No reason"... Most of the latest movement has been spurred on by analyst upgrades of Apple shares. Citigroup upgraded apple's forecast to $185 on Monday, for example.
- mediaspree, on 10/10/2007, -6/+14Have You SEEN GOOG lately? Oh please don't burst.
- fuseideas, on 10/10/2007, -1/+8I own Apple stock and from my experience the stock actually goes up only before releases. Once the release happens the stock drops. I purchased at $119/share and I just checked my time-delayed iPhone stock widget: $153.18. Of course the last couple of months have been rocky for all stock, especially tech stocks. And yes, Google is ridiculous: $569/share right now. It's alot but it's only up.17% today compared to Apple's 3.42%.
- sv650touring, on 10/10/2007, -0/+7That's why we come to digg. It is the only place on the web where you can get the *real* info from bonafide financial experts.
- willgonz, on 10/10/2007, -0/+7Your over reacting. Their are many people who don't know how to right. You should just give them a Apple. Its because of the education system.
- kday, on 10/10/2007, -1/+8AAPL Mkt Cap: 133.50B
MSFT Mkt Cap: 279.42B
AAPL is about 47.7% the size of MSFT. This sounds about right. Some people don't realize this, but Apple actually is a huge company. They may only have +/- 5% of the PC market, but the iPod is a huge. - streak, on 10/10/2007, -1/+8Perhaps you mean, "Please don't, BRST".
- jasqwerty, on 10/10/2007, -0/+6"why is that not considered insider trading?"
Who told you it isn't? An analyst leaking future reports to his friends to trade on is most certainly insider trading. - natenovs, on 10/10/2007, -1/+7i can only think of "12 months" but that's two words too...hmm
- moofer, on 10/10/2007, -0/+6Why do people say 52 week high, when it's actually an all-time high?
- CraigJ, on 10/10/2007, -2/+7"What goes up, must come down folks" Not even close to being true.
- VitriolAndAngst, on 10/10/2007, -0/+5The US stock market tends to suck up a lot of potential buyers from overseas when our dollar goes down -- makes the stocks look "cheaper."
The Stock Market does NOT EQUAL the standard of living for average Americans. I have some stock, and it MIGHT do me some good when I retire. At least it will lose less value than the money under my mattress -- that's about it. - jasqwerty, on 10/10/2007, -2/+7>> bought Apple for 17
You'll excuse my incredulity in believing that you bought Apple stock at the EXACT lowest price it has ever traded at. :-/
>>when Dvorak was predicting Apple's demise in the late 90s
It wasn't Dvorak, it was everyone and for very good reason.
>> A lot of people get played for suckers
And you're no different. Thank the iPod, but you had no way of knowing about the iPod. You're no different than someone who won the lottery. Don't get cocky with your stock advice. - CraigJ, on 10/10/2007, -4/+9I'm sure this has nothing to do with the recent price targets released by the big firms. http://uk.reuters.com/article/hotStocksNewsUS/idUK
Buried for "no reason" - inactive, on 10/10/2007, -4/+8Here's a question- insider trading is illegal, but analysts and their associated friends/bankers/brokers can legally trade ahead of any upgrade or downgrade calls. Since those calls almost always move the market, why is that not considered insider trading?
- jasqwerty, on 10/10/2007, -0/+4>>How is Apple not worth this much?
Do you have the faintest idea of what a stock price even means or are you just some macfag that's butthurt because I said something negative about your precious company? Explain why this is the correct stock price as opposed to say, $60/share or $400/share.
>>You'd have to be foolish not to see some potential there.
And another person speaks who has no concept of P/E Not at 45 times how much they earn I don't. - Shiner6, on 10/10/2007, -0/+4Yea this isn't physics it's the stock market.
- kday, on 10/10/2007, -0/+4That's nothing new. They always did that.
- rickpdx, on 10/10/2007, -3/+7When will people learn the difference between "its" (the possessive of "it") and "it's" (the contraction of "it is")? It's maddening that people can be so functionally illiterate.
- TokenUser, on 10/10/2007, -1/+5I am not sure which ticker you are watching, but it has been down for much of the day (as of 12:00pm EDT). Might rally this afternoon.
FWIW - I increased my holdings in AAPL earlier this week at $146/share. Might only have been an additional 25 shares, but in the run up to a.) earnings statement (late Oct), b.) announcement of carrier deals in Europe (ongoing), c.) iPhone release in Europe (November), d.) Leopard release, and rumour of slimline Macbook to go with it (stock traders love rumours) (November?), e.) Holiday shopping (within increased sales of all Apple products - iPods, iPhones, and computers) (December), and finally MacWorld SFO in Jan 08 ... there is nothing but good news about Apple. It should hit $200 or higher 1Q08.
The only downside are people selling Apple stock because they don't understand what the whole SEC option trading scandle is and how it will affect Apple (it wont). - redfox2600, on 10/10/2007, -0/+4You would be surprise how so many average investor hear the news about Google $500+ mark and tried to buy. Hoping that it will continue the insane climb up to $600 and higher. It all psychological.
- CraigJ, on 10/10/2007, -1/+5I seriously doubt it. Apple is owned mostly by institutions (69%), besides, Apple is not the type of stock you would typically pump and dump.
You are correct, people should not buy stocks unless they know what they are doing. Google Finance is your friend: http://finance.google.com/finance?client=ig&q=AAPL - inactive, on 10/10/2007, -1/+5They also have fatter profit margins than HP or Dell, and much better prospects for continued growth. Look at the whole picture. GM is bigger than BMW, but I know whose stock I'd rather own right now.
- prz414, on 10/10/2007, -0/+4when did 'reason' have anything to do with stock price movement? godamn intel stock
- xtragedy, on 10/10/2007, -0/+3There's a lot of ways to make big and easy money there. Laws related to trading are too weak. Its weird how stocks are exchanged based on predictions and not on real value...
- jmpeagle, on 10/10/2007, -0/+3but what ifnormation was know yesterday that wasn't known 2 days ago? Why did the stock price rise to a new high. Shouldn't all of that info you just mentioned already be priced into the stock?
- inactive, on 10/10/2007, -0/+3Don't people realize that a split fundamentally means nothing at all for share holder value.
Example:
You have a $10 bill, I offer you two $5 bills in exchange for it. Are the two bills in your hand worth more than the single $10? Not so hard when it's broken down like that. Now lets equate this with a stock. Owning a share is owning a piece of a company, owning a "share" of their earnings, if the stock splits, you (and every other owner) still own the exact same amount of the company. It doesn't make it cheaper, it's just the ticket price that looks cheaper, not the valuations. - VitriolAndAngst, on 10/10/2007, -1/+4Yeah, Mercedes.
- nakile, on 10/10/2007, -0/+3Wrong. Voyager 1 and 2 are never coming back.
- jasqwerty, on 10/10/2007, -4/+7LOL, oh god. The stock isn't worth this much. Enjoy the eventual bubble pop and retracement to ~60. P/E of ~45? LOL Wow, 20 is usually a high end P/E.
- offcenter, on 10/10/2007, -2/+5I think it's known as "opening a major new revenue stream."
- CraigJ, on 10/10/2007, -1/+4sorry for bad link: http://uk.reuters.com/article/hotStocksNewsUS/idUK ...
- rossnyc, on 10/10/2007, -2/+4ok, quit bein a wuss...go buy a bunch of shares...they will be $200 in 6 months.
- redfox2600, on 10/10/2007, -0/+2I don't know why your getting digg down. I seen companies with great earnings and since no one knows about it the stock never rises, until Motley Fool or Reuters does an article about them.
- MacParrot, on 10/10/2007, -0/+2If Apple experiences no drop in sales for the next quarter because of these so-called poorly planned turds, any chance you will admit you're wrong? yeah, that's what I thought
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