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Apple (AAPL) resumes trading, currently -6.5% at $352 AH.

Apple (AAPL) resumes trading, currently -6.5% at $352 AH.
Comments (18)
  • dankourny
    , contributor
    Comments (16) | Send Message
     
    If this stock gets slammed over this, it will prove out to be a great opportunity to snap up shares. Jobs is a visionary and an amazing CEO but the company has alot going for it beyond Steve. If I didn't already have a big position, I would add more tomorrow...in fact, I may go ahead and do it anyway.
    24 Aug 2011, 07:00 PM Reply Like
  • The Sane Investor
    , contributor
    Comments (357) | Send Message
     
    He's serving as chairman as well, it's not like he's out of the picture. Anyone calling for a more significant drop doesn't understand what a chairman is
    24 Aug 2011, 07:04 PM Reply Like
  • John_DeVita
    , contributor
    Comments (180) | Send Message
     
    I suspect the market will over-react to the fundamental changes, that being said, after hours trading has resumed, and I believe crass people shorting the stock can make an impact between 5-15% in the immediate term.

     

    I suspect a lot of silicon valley retail investors tomorrow will see the drop, and decide it is time for profit taking on the amazing performance Apple has delivered, and will lighten their portfolios.
    24 Aug 2011, 07:16 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    I bet it goes down 20%
    24 Aug 2011, 07:00 PM Reply Like
  • dieuwer
    , contributor
    Comments (2288) | Send Message
     
    -50% by 2013
    24 Aug 2011, 07:03 PM Reply Like
  • Docneuro411
    , contributor
    Comments (122) | Send Message
     
    That's laughable!
    24 Aug 2011, 07:20 PM Reply Like
  • John_DeVita
    , contributor
    Comments (180) | Send Message
     
    AAPL has done well during the down run because people wanted to bet on a strong Horse. A CEO provides more than vision, he provides execution, Jobs will be missed.
    24 Aug 2011, 07:09 PM Reply Like
  • Zanby
    , contributor
    Comments (99) | Send Message
     
    Steve or no Steve, Apple will continue as HE planned it.

     

    This company is and can't be just one person. It has ALOT going for it.

     

    Oh.. He's just resigning from CEO but staying as Chairmen? Duh :)

     

    BUY ON DIP or you will be a DIP :)
    24 Aug 2011, 07:17 PM Reply Like
  • DianeLee
    , contributor
    Comments (352) | Send Message
     
    A truly great CEO like Jobs leaves a great network, great people, great products and the science to continue growth of products in place. Believe in him a little.
    24 Aug 2011, 07:20 PM Reply Like
  • John_DeVita
    , contributor
    Comments (180) | Send Message
     
    I believe investors with a really strong stomach could profit from this by waiting for the bottom over the next couple days, and using the massive IV in puts, profit by writing year out put options.
    24 Aug 2011, 07:24 PM Reply Like
  • Dr. Kris
    , contributor
    Comments (319) | Send Message
     
    That's not a bad idea. Were you thinking far OTM puts? To be on the safe side, a put credit spread might be the more prudent move.

     

    On the Apple front, I see Jobs as THE visionary and prime force behind the co's recent successes. If he is (very unfortunately) no longer in the picture, I don't see anyone filling his shoes. That and the fact that Google/Android is rapidly gaining market share could spell a tumble for the stock.

     

    Wonder if Larry Ellison is re-evaluating an HP takeover...
    24 Aug 2011, 09:10 PM Reply Like
  • anonymous-JohnD
    , contributor
    Comments (100) | Send Message
     
    I hate to be a vulture, but if he resigned his health is sufffering, you cant vision much from a hospital bed. Also the whole dont worry he is still sharing his vision, wont help if health rapidly deteriorates. The COO/ new CEO will do a great job, he has been executing on Steve's vision for some time, but wont the opponents come out of the wood work when they perceive weakness?

     

    The real question now will come from all directions, what happens to the strong horse investors, will they ride Samsung or Google?

     

    Will the alogorithmics hammer it in the morning?

     

    Will the music labels decide online data is cheap, and decide to cut Apple out of the middle?

     

    Will windows 8 give people tablets that actually run windows software?

     

    Will Oracle strike at the IPAD, by going for the jugular, IPADS are able to run a lot of software because of web based apps, and web based apps use JAVA, which Oracle now owns, with Google realing from the Java based based lawsuit will Larry Ellison strike while the competition is in transition?

     

    Disclosure Long GOOG, SHRT AAPL, may initiate positions long positions on MSFT, ORCL and Samsung.
    24 Aug 2011, 08:07 PM Reply Like
  • PismoSteve
    , contributor
    Comments (68) | Send Message
     
    The thing Steve Jobs has brought to the table is marketing creativity and the ability to bring out creativity in his engineers, mostly through grueling toil on their part. One could argue the first engineer he exploited was Steve Wozniak. Through this he has indeed setup a network with which he created a well-oiled machine. He is not the one with all of the toys, he found and drove people to do these things. He could just see in his head how to place these items into the world, and how to execute that idea. I'm sure this is well ingrained into the company at this point, and if the stock continues its slide it will be because of the fundamentals of the marketplace and not because of his resignation.

     

    His resignation can only be the match in the gasoline which are the fundamentals.
    24 Aug 2011, 09:19 PM Reply Like
  • Oceanstats
    , contributor
    Comments (63) | Send Message
     
    Umm..down $21 so far since announcement...
    24 Aug 2011, 11:12 PM Reply Like
  • gmihran
    , contributor
    Comments (59) | Send Message
     
    Relax!!! Individual investors shouldn't do anything for a trading day or two (especially in after-hours trading) - let the big funds wrestle with the stock for awhile.

     

    If you're a fundamental investor, nothing changes - Steve remains on the Board and as an Apple employee. The product roadmaps remain intact for at least the next 12-18 months and the company is sitting on $80B in cash. Remember, they have been planning for this event for years.

     

    If you're a technical investor, watch the price-action over the next day or two - particularly the 200 SMA (simple moving average) = $343 as of today's market close. As long as AAPL stays above its 200 day SMA, APPL will rebound well. There is also support between $353-$356.

     

    Bottom-line, don't get caught up in an emotional trade in or out.
    24 Aug 2011, 11:13 PM Reply Like
  • miscon2
    , contributor
    Comments (67) | Send Message
     
    Ha. Huge buy opportunity. Scale in as it drops.
    24 Aug 2011, 11:41 PM Reply Like
  • dividend_growth
    , contributor
    Comments (2883) | Send Message
     
    It's a big loss for the world, but there are people who are ROFLTAO.
    25 Aug 2011, 12:15 AM Reply Like
  • dankourny
    , contributor
    Comments (16) | Send Message
     
    The stock is down in line w market today, so much for downside over-reaction buying opportunity. Will stick with the position I have.
    25 Aug 2011, 12:20 PM Reply Like
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