Almost flat earnings and a disappointing forecast from Apple (AAPL) leave a few casualties in...

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GRJ Comments (163)
 
Stop with the flat earnings stuff. Up 8%+ based on 14 week compare. GOOG up 4%. 137b in the bank.

This is about cynically manipulated sentiment, not about cash, earnings, prospects..... i.e.: anything that matters. It's the WS rigged game par excellence and the reason that investors are leaving the market in droves.
23 Jan, 09:16 PM Reply Like

Humble Eagles Comments (408)
 
I agree completely! Google earns 10.65 and the stock skyrockets to $741. Apple earns $13.81 and it tanks to $460. They now have $137B in cash and securities, and they grew topline *26.7%* for the adjusted quarter. Profit was a record, and it was up ~8% from last year's adjusted qtr. This is nuts.
23 Jan, 09:25 PM Reply Like

deercreekvols Comments (3043)
 
Where is the market current stating that Apple brought in a record $54B in revenue?

It is very clear that they will never beat analyst estimates no matter how many iPhones and iPads that they sell. The bar has been set so high that even a record quarter can't reach it.

While Apple adds billions to their cash horde and sells tens of millions of their product, somehow the stock loses value.

This only makes sense on Wall Street.
23 Jan, 09:22 PM Reply Like

wyostocks Comments (5372)
 
Face reality folks. Next stop ca. $425.
23 Jan, 10:38 PM Reply Like

KenNagle Comments (265)
 
IMHO the after hours drop is an overreaction from retail that were expecting a blowout quarter. PPS will be up in the morning.
23 Jan, 09:48 PM Reply Like

GRJ Comments (163)
 
Ken- You're kidding right?? Make no mistake- WS wants and will take this much lower... for no other reason other than they have finally scared a new layers of LT holders out of their positions.
23 Jan, 10:03 PM Reply Like

Micro Magic Comments (50)
 
It will be interesting. Everything I hear and see on overseas stuff is that AAPL is a cash machine and a bargain. Time to jump in. I see alot on the boards like that above about abandoning the markets. I assume traders will push down on the open to shake out those with stops. If it works, it will be a bottomless bloodbath.
23 Jan, 10:18 PM Reply Like

ptnyc Comments (34)
 
Logic would suggest that this dive in Apple's price is just overreaction. But I think the smart money is betting (pushing/manipulating?) the price much further down to shake out retail investors. My cynical side sees a drop to $400 before a rise to $600.
23 Jan, 10:30 PM Reply Like

robertcoruna Comments (10)
 
no sens what's happening with the stock price. HUMBLE EAGLES i totally agree with you
23 Jan, 10:44 PM Reply Like

Joseph Poma Comments (355)
 
I guess this is what Apple gets after sandbagging earnings for so long. Just time to eat their own cooking.
23 Jan, 10:49 PM Reply Like

bjnflicks Comments (445)
 
Shorts jkust ran into a brick wall called a sudden 2% dividend announcent and l;ikely massive buybacks by AAPL starting manana. AAPL's huge cash hoard is current;y earning les than 2% in treasuries etc and they save 2% in two weeks by buying back stock now. Plus eeryone knows how ridiculously cheap AAPl stock is now, even the bears. A PE of only 7 when you account for the cash, and still with 30% growth m ore or less and around 45 billion profit per annum.

Anyolne selling or shorting after hours is going to lose their shorts.
I predict AAPL will finish tomorrow with almost no loss at all around $505
23 Jan, 11:02 PM Reply Like

bjnflicks Comments (445)
 
Smart money can turn into stupid money very quickly when you're up against someone with 137 billion in cash who finally gets pised off enough to put the cash to work. Apple has let this nonsense selling go on for too long and the 2% dividend announcement proves they are about to get very very active in the markets.
23 Jan, 11:03 PM Reply Like

jasaggie Comments (18)
 
What 2% dividend announcement are you referring to?
24 Jan, 08:27 AM Reply Like

scott trader Comments (2857)
 
record sales don't seem to mean anything....expectations are out of control..
24 Jan, 12:02 AM Reply Like

faramarz Comments (122)
 
The premarket is already up from 463 to 472. After market volume was over 8 million shares well above the usual 0.5 million.
I think that panic selling is over & the results are going to be analysed correctly.
24 Jan, 05:13 AM Reply Like

wadeyr Comments (189)
 
Tim Cook seriously needs to get his act together and bring this company up!
24 Jan, 05:57 AM Reply Like

u01bsb0 Comments (254)
 
wadeyr - its nothing to do with Tim Cook. He has risen the stock by a higher amount during his time as CEO than what Steve Jobs did.

Apple:
-beat their own expectations.
-had a record quarter (with 1 week less in the quarter than last year)
-profit margin bigger than expected
-are due to announce a deal with China Mobile soon.

Remember to keep your sanity. Would you sell a stock that is earning record profits at a P/E of around 9.5?

This drop will separate the men from the boys. Its all a game

WS pushes price down. Then the institutions buy off the lay people for ridiculously low price. Once they have loaded up then they make good profits while you miss out as you sold for so cheaply.
24 Jan, 06:20 AM Reply Like