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Thread: AAPL Falls Below $500
01-29-2014, 06:07 PM #1
AAPL Falls Below $500
Owning shares of Apple today, some investors and analysts say, will make some folks very, very wealthy.
Of course, those possessing this view are few and far in between, as scores of traders and investors continue to dump the stock. Such was the case once again on Wednesday, as shares of AAPL dipped below $500.
As MMi has reported all week, the investment world reacted negatively this week to Apple's Q1 2014 earnings - earnings that, despite setting new records for Apple, weren't strong enough records to pacify Wall Street.
On Wednesday, billionaire investor Carl Icahn used the latest dip in AAPL share prices to pour another $500 million into his already-massive portfolio filled with Apple stock. If Icahn's gamble pays off, he could see his vast reserves of cash balloon tremendously over time.
But not many analysts are holding their breath for that outcome. Just today, a litany of analysts and Wall Street watchers once again downgraded AAPL. And based on the expectations ahead of tomorrow's trading session, Apple could fall deep into $400 territory before a recovery begins.
01-29-2014, 06:22 PM #2
Time to buy AAPL stock.
01-29-2014, 07:23 PM #3
01-29-2014, 07:30 PM #4
01-29-2014, 09:01 PM #5
Wall Street has no connection to apple besides analysts and their stupid predictions. Any fool with an iPhone knows that Apple is more than a fad, and that there is still plenty of room for growth. These blackberry-toting conceited nincompoops value a company based solely on their sales, and fail to account for the dedicated username, the likes of which have made Facebook and Twitter multibillion dollar companies.
01-29-2014, 09:24 PM #6
01-29-2014, 10:53 PM #7
01-30-2014, 06:35 AM #8
I'm gonna wait for high 400's and invest 100 grand and see what happens in a year. Maybe able to retire early.
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01-30-2014, 08:30 AM #9
That's the problem for most of us. Apples too expensive to jump in. I'm kicking myself for believing the same thing when it was only $200..
When Obama took office - after the crash it was $64/share.. Uggh.
01-30-2014, 06:24 PM #10