Agathon to discuss Apple's stock price
 

o/~ steady as she goes... o/~

Originally posted by Lorizael
I keep logs of old conversations so that when I want to feel needlessly angry, I can go back and read over the logs without having to involve anyone else in my immaturity. That's nice dear, but I have a feeling the only people angry right now are Apple shareholders (both in mind, and money).

It's very relevant because Agathon's recent tear is how inaccurate my statements are about Apple. I believe he even said this in the exact same paragraph of mentioning my comment on how Apple's stock was overvalued... http://www.discussworldissues.com/fo...ilies/wink.gif

Trade volume on Apple today is insanely high. You wouldn't believe the percentage of trades flowing through the system at work right now with "SELL APPLE" subjects...

Yep.

From December 27th (about the start of my graph above):

Apple is now unquestionably the pre-eminent computer company, and the stockmarket knows it. Apple's phone has redefined the way people will interact with mobile devices, and their touch portable music players are a generation ahead of anyone else's, in particular the abortion known as the Zune.

Just for a laugh, some idiotic Apolyton posters suggested last year that Apple was overpriced... Today AAPL was trading at over $200 a share. This is yet another failed prediction of doom from Apolyton's anti-Apple brigade, who, if nothing else, have demonstrated their utter incompetence in tech prediction for the whole of the 6 years I have been a poster here.

So you can see why this warrants bringing this to his attention.

From October 07:
This is just crying because Apple has been doing so well lately.

I remember that some foolish Apolyton poster said that the stock was massively overvalued...

Just shows how much some people know.

Resistance is futile.

Note that while Apple's price hovered around $200, Agathon put full faith in the stock market as the tool to value the worth of a company. I can't wait to hear how he spins this.

Originally posted by Wezil
Not to defend Apple, but aren't pretty much all shares down radically the last few days?

I can see the trend your posted graph shows and it doesn't look good but "18.45% today alone" seems a tad misleading. It's not misleading, it's fact? http://www.discussworldissues.com/fo...s/confused.gif

And yes, most shares are down, but Apple is leading the back.

MSFT is down 2.38% today, for instance.

Here's some more facts for you Wezil: Today's plunge is Apple's biggest in seven years.

Don't know. Wallstreet's talking about Apple in particular.

Motorola is the only other tech company with a massive >15% drop today due to a very weak outlook.

The Dow is slightly up and Nasdaq is basically even today.

A whole lot.

Give him time. I have full faith he will reply with an honest breakdown of why the stock market is evil, a full reversal from his prior statements.

I'm sure Agathon will point out that the stock is still well above its 52-week low (last Feb) of $82.86 (for now)... So basically, AAPL had a great 10 months. Now it's coming back to earth. Isn't that the way of the world in the stock market?

Originally posted by -Jrabbit
I'm sure Agathon will point out that the stock is still well above its 52-week low (last Feb) of $82.86 (for now)... So basically, AAPL had a great 10 months. Now it's coming back to earth. Isn't that the way of the world in the stock market? So it was overvalued. http://www.discussworldissues.com/fo...s/confused.gif

http://www.discussworldissues.com/fo...ilies/wink.gif

Originally posted by Ninot
Does this mean that iTouches will come down in price? "I don't want anybody else, when I think about you iTouch myself"

I blame the Mac Book Air.

Originally posted by LordShiva


"I don't want anybody else, when I think about you iTouch myself" http://www.discussworldissues.com/fo...milies/lol.gif http://www.discussworldissues.com/im...ons/icon14.gif

Still no Aggie?

Thus: more confirmation that the stock was overvalued.

Indeed.

Drogue is basically correct.

When the market as a whole is in turmoil, Apple's stock tends to drop. This happened only a few months ago, where the stock dropped heavily. When things calmed down, it moved up again.

Note that the stock dropped even though Apple beat expectations. This would be news, except the same thing happened a few months back.

In other words, this drop is caused by the market situation in general, not by anything Apple did.


There are some deeply stupid anti-Apple posters on Apolyton. Fortunately, most of them are on my ignore list, so I don't have to bother with their daft pronouncements, which have been consistently wrong for going on five years now. My favourite is how buymusic.com and PlaysforSure were going to put Apple out of the music business. That sure ended up being true...

If you believe that recession will be avoided, then buy AAPL. You'll make a ton of money.

Originally posted by Drogue
Wait, so when the market's falling by quite a lot, it's a shock that a luxury goods brand is falling a bit more? This doesn't say much about Apple, it says more about the economy. Asher doesn't think this is at all shocking; it's confirmation of what he already believed, that AAPL is [was] overvalued.

Originally posted by Agathon
Drogue is basically correct.

When the market as a whole is in turmoil, Apple's stock tends to drop. This happened only a few months ago, where the stock dropped heavily. When things calmed down, it moved up again.

Note that the stock dropped even though Apple beat expectations. This would be news, except the same thing happened a few months back.

In other words, this drop is caused by the market situation in general, not by anything Apple did. The market, in general, was up.

Apple was down. Way down.

Don't blame this on general market woes, it shows just how ignorant you are.

If you believe that recession will be avoided, then buy AAPL. You'll make a ton of money. The people that took your suggestion to buy AAPL a month ago when you last made it lost roughly 35% since then. It's still overvalued when you compare Apple to its contemporaries in earnings per share. It's got more to drop, and it will. Apple's had a helluva ride but reality is setting in. Apple's stock now is akin to Microsoft's stock in the late 80s/early 90s, it levels out at some reasonable pace once people actually understand the company more.

Anyone who isn't on my ignore list prepared to post?

I guess the answer is "no".