AAPL share price

diablojota · #1 March 3rd, 2005, 11:15 AM

Does any one know why Apple is taking a dive today? They are down well over a dollar.

bobw · #2 March 3rd, 2005, 11:28 AM

Nothing new to report for awhile, and Profit taking.

heydilbert · #3 March 3rd, 2005, 03:55 PM

i had a look around and the only explanation that i coud get was on mac observer:
http://www.macobserver.com/stockwatc...20000517.shtml

Sony PDA hey! maybe something to do with Sony - Mac partnership??

cfleck · #4 March 3rd, 2005, 05:06 PM

Not to be a smart-ass, but I seriously doubt that the stock took a hit because of something only the observer found post-worthy.

This is simply the nature of the market. Funny how no one posted when apple climbed almost $10 in under a week. But then again, I guess people tend to get nervous when they are _losing_ money.

Natobasso · #5 March 3rd, 2005, 06:32 PM

Stocks increase and they decrease. $1 on an $80 stock is nothing to scream or write home about.

I can imagine those who purchased the stock around $35 two years ago are cashing in a few shares.

Remember, the price going down is not necessarily a "bad" thing.

diablojota · #6 March 4th, 2005, 03:35 AM

Quote:

Originally Posted by heydilbert

i had a look around and the only explanation that i coud get was on mac observer:
http://www.macobserver.com/stockwatc...20000517.shtml

Sony PDA hey! maybe something to do with Sony - Mac partnership??

Hate to burst your bubble, but that was from May 17, 2000. Pretty old stuff. Not relevant.

diablojota · #7 March 4th, 2005, 03:39 AM

Quote:

Originally Posted by Natobasso

Stocks increase and they decrease. $1 on an $80 stock is nothing to scream or write home about.

I can imagine those who purchased the stock around $35 two years ago are cashing in a few shares.

Remember, the price going down is not necessarily a "bad" thing.

It was an over 2.00 loss on a 41 dollar stock. Don'T forget it split. That's what makes it worse. If you go to pre-split level that would be the equivalent of losing over 4.00 on stock. That's over a 5% loss in one day. Fairly significant.

Turns out analysts are saying the loss is due to increased competition. Although I agree with Bobw, there are some profit taking going on.

Natobasso · #8 March 4th, 2005, 09:58 AM

$1, $2…big deal!