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74 Comments
- inactive, on 07/22/2008, -10/+43poor billionaires.
- inactive, on 07/22/2008, -7/+34This doesn't sadden me.
- inactive, on 07/22/2008, -2/+25Apple fourth quarter net income of $1.00 per share on revenue of $7.8 billion, lagging analysts' estimates in both cases. Apple is known to be conservative when forecasting ahead, uncertainty around the state of the global economy and demand for handsets, computers and other gadgets hurt sentiment on Apple's stock.
- lucy22, on 07/22/2008, -6/+25Alot of companies are suffering in this recession right now, even apple, I guess.
- charlieville, on 07/22/2008, -4/+22I knew there was a problem when their new great release was the same thing only slightly cheaper
- inactive, on 07/22/2008, -3/+16I want to see a commercial with the mac guy almost jumping off a bridge with pc stopping him so they can both jump off the bridge together.
- inactive, on 07/22/2008, -6/+19so sad :(
- judicar, on 07/23/2008, -0/+12right because only billionaires own stock in Apple.
- bernandoo, on 07/22/2008, -2/+13This happened yesterday.... again digg fails at providing timely content
- inactive, on 07/23/2008, -2/+12The stock closed at $162.02 today, not $149.89. The guys writing this article were looking at the after hours trading. So in reality, the stock lost $4.27 in value, which is 2% drop, not 10%.
I don't know why people make a big deal out of this. It happens every time Apple makes a quarterly report. It's called short selling. There is an edict on Wall Street that goes, "buy on the hype, sell on the news," which is exactly what happened. Apple ALWAYS reports conservative guidance, so that they can blow out expectations, but there are a lot of stupid investors selling their stock in a panic, because the hedge funds were selling, but then those same big firms, who started the panic, came back and bought the stock at a reduced price today, which is why the stock settled at a higher price.
Advice for the amateurs: Don't get into the stock market unless you understand how the game is played. The pigs get slaughtered. - AmyVernon, on 07/22/2008, -6/+16further proof that no one's immune from the recession, even the maker of the most anticipated new gadget of the millennium... can't feel too sorry for the uber-rich folks, tho... lol
- inactive, on 07/22/2008, -4/+14It just seems that most companies are getting hit by the US recession. Apple is still in an excellent position though, especially with Jobs leading them.
- tama00, on 07/23/2008, -2/+11WELCOME TO YESTERDAY!
- mj1903, on 07/23/2008, -1/+7No, it would be worth $760k.
- seldon452, on 07/23/2008, -0/+6I'm not a huge steve jobs fan but still, I feel bad he has/had cancer and I hope he beats it and goes on to invent many more shiny devices.
- allnone, on 07/23/2008, -0/+4This is digg, so the latter could still get you dugg up.
- mj1903, on 07/23/2008, -0/+4The number 1 rule of investing is not to lose money which implies having a margin of safety. At its currently prices there is no margin of safety.
Yes, Apple has been doing wonderfully and has been the best stock in my portfolio over the last half-decade but its current share price reflects a growth rate that is unsustainable long-term and potentially dangerous for an investor that 1) doesn't understand the market as most people don't on Digg and 2) can't afford to lose money. - Ubermann, on 07/23/2008, -0/+4Get with the times - its down $4.27 today. And based on speculation - earnings and revenue are strong. No need to dump it in my book.
- RadiatedAnt, on 07/23/2008, -2/+6i just lost 60 cents :*(
- mattluiz, on 08/28/2009, -3/+7This means BUY BUY BUY. But really, everything is low not just Apple.
And how does one go about start buying stock, I'd like to start getting into it? E-Trade? - bacon_skoda, on 07/23/2008, -0/+4bought at $148 this morning. boo yah.
- MavRevMatt, on 07/23/2008, -0/+4I think he means that the stock going down doesn't sadden him, unless he's a heartless *****.
- prinzrob, on 07/23/2008, -0/+3banana
- Cancerkitty, on 07/22/2008, -2/+5Ain't that the truth.
- pw378, on 07/23/2008, -0/+3If you are afraid of losing money, you shouldn't invest. So your #1 rule implies that anyone investing shouldn't invest.... which is quite illogical.
High growth stocks have a much higher potential for gain at an elevated risk level. Different people have different risk comfort levels.. Over the long term, riskier stocks always produce higher gains. Some win, some lose, but the winners can be huge.
Google is very high growth, and higher risk.. but I have made over 400% in 4 years. If I put 10% of my money into Google and 90% into an index fund, I would have made more on that "risky" 10% than I did on my "safe" 90%. Just don't give in to the knee-jerk reaction every time the stock jumps or drops...buy...hold... win... (usually)
Google and Apple for the next 5+ years and you will be very happy you did. - heyblue, on 07/23/2008, -1/+4Please stop wasting bandwidth with your informed logic. This thread is reserved for bias, hyperbole and misinformation.
- thomleidner, on 07/23/2008, -0/+3Considering Apple rallied up $14+ today it doesn't seem like investors believed Apple's usual sandbagging of the #'s.
- bacon_skoda, on 07/23/2008, -0/+2Then short it already. If it is DANGEROUS.
- bc289, on 07/23/2008, -0/+2Too many of you are way too confident. You look at a couple financial ratios - PE, PEG, hell some of you might even be ambitious enough to look at EV/EBITDA. Valuation is important yes, but it doesn't say quite as much as you might think. There's the EPS part of the equation as well which can be inaccurate, and if that falls, you're looking at a PE that's much higher now and is no longer at trough levels. Even if the EPS part is accurate, who is to say what is the correct multiple? When fundamentals are deteriorating, valuation doesn't matter. Being too confident will get you killed in a market like the one we're in right now.
- bc289, on 07/23/2008, -0/+2they don't "make" earning reports, they release them.
And yes, Apple always releases conservative guidance, but analysts know this. This is already factored into their expectations, and even this fell short of what they were expecting from a conservative management. - fracktica, on 07/23/2008, -0/+2Not if it goes up at a speed of 11 kilometers/second.
snort. - MavRevMatt, on 07/23/2008, -1/+3Why?
- AnotherJake, on 07/23/2008, -0/+2Yeah, I hear you. I don't know why you got dugg down. Change a couple words and you get dugg up for sounding genius? From TFA:
"Apple forecast fourth quarter net income of $1.00 per share on revenue of $7.8 billion, lagging analysts' estimates in both cases. Although Apple is known to be conservative when forecasting ahead, uncertainty around the state of the global economy and demand for handsets, computers and other gadgets hurt sentiment on Apple's stock." - inactive, on 07/23/2008, -0/+2I know what you mean. If you buy long term you're probably okay. The boat kinda left for AAPL before the first iPhone when the shares were at $92. However the 3g iphone wasn't included in this quarter's earnings. That is sure to be a burst in price when the figures come out this fall.
- johnpaul191, on 07/23/2008, -0/+2we'll see what tomorrow brings, after-market trading is impulsive and goofy. then again who cares about the day to day ups and downs of any stock, it's the overall trends for weeks/months/years.
Any company can take a major hit if they do not grow ENOUGH in their quarterly reports. that's why companies do panic moves like mass layoffs to make the books look nice in the short term (and protect the stock price). we shouldn't encourage that kind of behavior. - superkendall, on 07/23/2008, -1/+3You are insane if you think Apple is anywhere close to overvalued. They are firing on all cylinders from music to the iPhone to the iPod to computers, and any one of those legs could crumble away while still leaving the company growth enough to make the price as is seem like small potatoes. Now that the iPhone is really breaking out, but before the analysts catch on - now is the time to buy.
- RajAtWork, on 07/23/2008, -0/+2What is this recession people talking about? Learn the terms before spreading alarmist b.s.
- bacon_skoda, on 07/23/2008, -0/+2PEG is at 1.25 though. and yahoo says P/E is 25.39.
not yet dangerous like Yahoo at 2.33 PEG. - digjam, on 07/23/2008, -0/+1Its up almost 10% today....(ofcourse from yest drop) so is Steve Jobs all good again?
- pw378, on 07/23/2008, -1/+2Um, just because someone owns stock in Apple doesn't make them "uber-rich".
- inactive, on 07/23/2008, -1/+2Use Zecco.com. E-Trade charges $20+ commissions, but zecco gives 10 free trades per month (i never use that many anyway). after that it's only $4.50 per trade. also, E-Trade might go bankrupt soon, so you might end up having to change brokers anyway if you sign up with them. E-Trade relies on its brand name recognition rather than affordability.
- clockdist, on 07/23/2008, -0/+1So what's the term? Economic slump?
- inactive, on 07/23/2008, -0/+1Jobs has very little to do with the invention of Apple's products.
He has little to no programming/engineering training. He is the businessman/spokesman for Apple.
I don't even know about his business abilities.
I do think he has great vision. And Apple wouldn't be what it is without him. - inactive, on 07/23/2008, -0/+1There's a big difference between not making a huge profit and 'suffering.' I highly doubt Apple has it bad in any aspect of their business right now.
- flny007, on 07/23/2008, -0/+1Looks like that new mast for the yacht is going to have to wait!
- inactive, on 07/23/2008, -0/+1Its this type of humor that keeps me coming back to digg. Srsly.
- shacklebolt, on 07/23/2008, -0/+1yes i got 4 shares @ open 148.90
- seltaeb4, on 07/23/2008, -0/+1sorry... dropped a zero. $100,000 in Apple stock would be over $5,000,000.
- pw378, on 07/23/2008, -0/+1That makes tech stocks a buy now, sell later opportunity..
- pw378, on 07/23/2008, -0/+1Step 1, get a job and earn some money.
Step 2, get an account at your bank or one of the online brokerages
Step 3, click "buy"
Step 4, forget you bought the stock and come back in 10+ years -
Show 51 - 79 of 79 discussions
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