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 The Geek Culture Forums
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 Of Apple, Dell, and stock market kookiness
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| Author | Topic: Of Apple, Dell, and stock market kookiness |
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ActionFigure 1.0 Geek 
Posts: 91 |
posted January 08, 2002 10:55
   
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%. It�s not like the mucky-mucks didn�t� know about the expo and the release of a new great product; Alexis�something, 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 wasn�t looking? NO, they did nothing. They sat on their asses�pretty dell like behavior. I don�t 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 isn�t everything that everybody hoped for�hype is never lived up to. Then it wouldn�t be hype, it would be news. But still, it was all good news. Someone who understands the market care to enlighten me? ------------------ IP: Logged |
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homesalad Super Geek 
Posts: 216 |
posted January 08, 2002 12:01
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. IP: Logged |
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ActionFigure 1.0 Geek
Posts: 91 |
posted January 08, 2002 12:10
I don't know much about the stock market. I have a feeling that you should pick the top few (like apple, despite some analysts� proclamation of death watch status over and over again) and be long-term-bullish as hell. I don�t 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. ------------------ IP: Logged |
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Snaggy Moderator 
Posts: 1399 |
posted January 08, 2002 12:49
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. IP: Logged |
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tekniklr Geek Apprentice 
Posts: 42 |
posted January 08, 2002 18:32
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.... IP: Logged |
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DesktopX Geek Larva 
Posts: 23 |
posted January 08, 2002 18:37
A lamp.... or a cantaloupe
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Geordie Super Geek
Posts: 148 |
posted January 08, 2002 19:06
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). IP: Logged |
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MacLife unregistered |
posted January 09, 2002 00:47
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 IP: Logged |
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macadddikt18 SuperBlabberMouth!     
Posts: 1126 |
posted January 20, 2002 20:49
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 ------------------ IP: Logged |
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