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Apple (AAPL) roundup: 1) AllThingsD claims Apple isn't buying Color per se, as was previously...

Apple (AAPL) roundup: 1) AllThingsD claims Apple isn't buying Color per se, as was previously reported, but did pick up its engineering team for ~$2M-$5M. 2) Judge Koh has ordered Apple to publicly disclose iPhone sales and profit data (previous), though an appeals court may order differently. 3) The WSJ reports Apple is expanding its Indian iPhone distribution network in an effort to boost sales in the country, where (unlike China) the iPhone's share remains quite small.
Comments (3)
  • what do I know
    , contributor
    Comments (1049) | Send Message
     
    I looked everywhere to find some reasons why AAPL stock back tracked from $705 to $609. But I could not find anything. How is AAPL going to open on Monday, it is the day when ipad mini will be presented to the analysts. On Wednesday the fall quarter eps will be out. Is eps will be O.K. Or is there some leak that the eps will be horrible? Or what is wrong with AAPL, Mr. Kass ( Mr.Curse") can not just foresaw AAPL demise? Is there somebody who can throw some light on light on this.
    20 Oct 2012, 05:47 PM Reply Like
  • interzone826
    , contributor
    Comments (182) | Send Message
     
    What do I know,

     

    Are your dates correct? The new product event is on Tuesday, and earnings on Thursday, right?

     

    You might want to take a look at the apple chart from the past 5 years. "Corrections" and downswings of 10% are common. Gaps downward of 13% to 25% aren't rare, either. There have been drops of 40% or more that the stock recovered from.

     

    What is most likely happening is that large institutions are unloading the stock on this very normal correction and will rebuy shortly. This move comes at the expense of more fickle individual investors who don't have the nerve to stay in during a downturn. It's a great buy now, but may drop to $595 or even $570. If it rises back above $650, then it's probably headed to $750 or more by middle of next year.

     

    Also, the market in general, the S&P, keeps flirting with a line of resistance at 1430, so everyone is waiting to see if the entire market will go down for a bit.

     

    The other factor in the recent sell off was Google's poor earnings report. The Apple sell-off was probably a sympathetic play from those lessening their exposure to the tech sector in general.

     

    Bear in mind that Apple is a very unique stock. Everyone who has ever bet against it has been wrong, but that doesn't mean they are wrong this time. Humans tend to see patterns and continuums, so a rising stock will always be rising, and a dead stock will always be dead, etc. Best to look at the fundamentals, pretend those figures belong to a less well known company, and base your buying or selling decisions outside of the tremendous amount of noise generated by Apple lovers and haters.

     

    Here's some relevant tips about biases that can affect all investors/traders: http://bit.ly/TnKQDZ
    20 Oct 2012, 08:07 PM Reply Like
  • vallies
    , contributor
    Comments (351) | Send Message
     
    Supply issue, VZ just 650,000. Obama's reluctance to the 250,000, FISCAL CLIFF, MRVL,MSFT,INTC, take your pick. Every ones watching S&P 1425, me I am watching 1396. Level in AAPL is 586. Watch CAT'S report Monday morning. We know about 2015 yrs projections, listen for next years, watch revenue and backlogs. Also UTX is on deck. If you remember when the market corrected and AAPL just went higher. Maybe it was the promise of a possible future dividend. I am sitting with my hands pat. If they miss on phones sold, traders might at first sell, but then might step back in because of the supply issue. Had AAPL at 118. 132. 234. 326.438. and 544. Should have just held.. Super clean balance sheet, with great margins and growth. For me all I can hope for a miss. Christmas is around the corner and AAPL is the true gift that keeps giving. If it nails it you could look at QCOM, Had that at 32.sold at 36. Stupid huh. I like the prospects of [ IPTV ]. I did wonder about Warren Buffets purchase Viacom before its billion dollar need on the consumer, and recent news from the FTC. Regardless, don't trade earnings unless your really good at it, and don't purchase all your shares in a company at once. I had CE at the high 31's, 350 shares, it beat and went up to 33. after that the market had a huge 12% correction. I started selling it of at 29. sold the last of it at 24. I lost way to much. I also chased those penny stocks with out a tight stop and was wiped out over 4 grand. Find companies with dividend growth, stock buy backs and solid margins. I own BHI, when it tanks to the low 30's I buy a little let a little go around 50. I am not saying to do that with BHI, what I am saying is don't get blown out by earnings. Watch the markets reaction to EBAY,SNDK,RVBD they just reported, do investors, hedge funds hold their positions or take the money and run. Will add to INTC at low 20's 19's. will if I can buy TGT around 55. 50. I also will wait for LLY to report and watch the 3/4 day reaction. JNJ has a new CEO. I will add to PIR if I can get it at the low 18's. Retail reports father out in NOV. You also need to watch how the market reacts to PVH when it reports, good numbers and then it sells means take a little off and wait. The FICAL CLIFF IS REAL IF WE GET THE SAME POLLITICAL SET UP. Good luck and never be 100% invested,other wise you can't take advantage of cheaper prices.
    21 Oct 2012, 10:11 AM Reply Like
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