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  Of Apple, Dell, and stock market kookiness

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Author Topic:   Of Apple, Dell, and stock market kookiness
ActionFigure 1.0
Geek

Posts: 91
From: Rockford, IL--USA
Registered: Mar 2001

posted January 08, 2002 10:55     Click Here to See the Profile for ActionFigure 1.0   Click Here to Email ActionFigure 1.0     Edit/Delete Message   Reply w/Quote
Courtesy of my good buddy, insomnia, I was up late last night. I flipped over to the CBS all night news thing they do. When it got to the stock market section, Apple was down over 3%. Itís not like the mucky-mucks didnítí know about the expo and the release of a new great product; AlexisÖsomething, commented on it. But apple went down. Now in stark contrast, dell made a teeny profit. What? Did dell solve world hunger at the DellWorld expo while I wasnít looking? NO, they did nothing. They sat on their assesópretty dell like behavior. I donít get it. I hate to forward the theory that stodgy old Wall Street fears innovation like the plague, while they reward anti-cerebral component assembly. I know the expo isnít everything that everybody hoped foróhype is never lived up to. Then it wouldnít be hype, it would be news. But still, it was all good news.

Someone who understands the market care to enlighten me?

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Today is not a day for
pants...But I'm a hoopy frood who knows where my towel is.

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homesalad
Super Geek

Posts: 216
From: Port Townsend, WA, USA
Registered: Oct 2001

posted January 08, 2002 12:01     Click Here to See the Profile for homesalad   Click Here to Email homesalad     Edit/Delete Message   Reply w/Quote
I think yesterday was just a not so good day for tech stocks. I read a few articles saying that it was the first time in a few weeks that strong tech stock numbers weren't poseted. I don't know the history of Apple stock entirely, do they always have a strong market day after (and during) the expo? I invested in Apple last year, after their stock fell back to earth, and overall, I feel that its been preforming well. I know a few analyists have given it strong ratings recently, upping their rating from neutral to outpreform, or accumulate. I'm holding onto my 100 shares.

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ActionFigure 1.0
Geek

Posts: 91
From: Rockford, IL--USA
Registered: Mar 2001

posted January 08, 2002 12:10     Click Here to See the Profile for ActionFigure 1.0   Click Here to Email ActionFigure 1.0     Edit/Delete Message   Reply w/Quote
I don't know much about the stock market. I have a feeling that you should pick the top few (like apple, despite some analystsí proclamation of death watch status over and over again) and be long-term-bullish as hell.

I donít blame you for resisting the almost nostalgic return to the era of snorting coke off of a Bett Easton Eliss Novel in their Trans-Ams, while picking the Up and comers only to sell them within two minutes. Your holding on to the 100 shares for a while is a good bet I think.

Nevertheless I was referring to the fact that Apple released some pretty slick product, and dell did nothing--yet made a profit while apple posted a fairly big loss.

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Today is not a day for
pants...But I'm a hoopy frood who knows where my towel is.

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Snaggy
Moderator

Posts: 1399
From: Canada
Registered: Jan 2000

posted January 08, 2002 12:49     Click Here to See the Profile for Snaggy   Click Here to Email Snaggy     Edit/Delete Message   Reply w/Quote
It was predicted that Apple would drop a bit after the macWorld keynote, and it usually does I think.

Who know why, I guess investors get nervous over the new.

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tekniklr
Geek Apprentice

Posts: 42
From: New Brunswick, NJ, USA
Registered: Jun 2001

posted January 08, 2002 18:32     Click Here to See the Profile for tekniklr   Click Here to Email tekniklr     Edit/Delete Message   Reply w/Quote
Part of it may be that a lot of people don't particularly like the new iMac- something about it looking like a lamp. People may have been expecting more....

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DesktopX
Geek Larva

Posts: 23
From: Victoria, BC, Canada
Registered: Jan 2001

posted January 08, 2002 18:37     Click Here to See the Profile for DesktopX   Click Here to Email DesktopX     Edit/Delete Message   Reply w/Quote
A lamp.... or a cantaloupe



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:: DX

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Geordie
Super Geek

Posts: 148
From: Fairfax Station, VA, USA
Registered: Nov 2001

posted January 08, 2002 19:06     Click Here to See the Profile for Geordie   Click Here to Email Geordie     Edit/Delete Message   Reply w/Quote
I can only recall one MacWorld where Apple stock did not go up before and down after. It usually bounces back within a week or so though. Apple's loss is due to opening 27 retail stores. Although they created additional revenue the largest part of the cost of a retail store is opening it and it takes awhile to offset that (I speak as a former owner of an all Mac store).

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MacLife
unregistered
posted January 09, 2002 00:47           Edit/Delete Message   Reply w/Quote
Apple's Stock ever since Steve's return and the Microsoft deal has gone up on the hype of the keynote (actually it did not go up prior to the Boston 97 Show but the stock doubled after the keynote),

However it shot up 10% in the week prior to the keynote and then dropped 3% afterwards, netting out well. I know people that will buy apple stock a few weeks (as in 2) prior to an expo just to sell morning of and make a nice profit

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macadddikt18
SuperBlabberMouth!

Posts: 1126
From: In a world beyond your understanding
Registered: Jan 2002

posted January 20, 2002 20:49     Click Here to See the Profile for macadddikt18   Click Here to Email macadddikt18     Edit/Delete Message   Reply w/Quote
I think you also have to remember that stocks do better over a long peroid of time. Over a short time stocks rarely go up. If you look at the late 90's and how everything went up. that was what is called foolish investing. most economists agree that most of that investing was foolish. take that how you will. I think apple stock will do very well over the next few years if apple keeps up teh good work.
Nayt

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Through out your life
you will wonder who
THEY are. Then you
find out who THEY
really are. From then
on you live you life in
fear of THEM and you
wish you never knew
who THEY were.

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