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Apple stock drops $18.55 in opening trades...now worth a paltry $330...

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brooklynite Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-18-11 09:35 AM
Original message
Apple stock drops $18.55 in opening trades...now worth a paltry $330...
I always wonder why some people act like lemmings and dump their holdings at the slightest hiccup in the market.
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Statistical Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-18-11 09:37 AM
Response to Original message
1. In other words a stock priced to perfection declines 5% on news of a material event. n/t
Edited on Tue Jan-18-11 10:31 AM by Statistical
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cbdo2007 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-18-11 09:40 AM
Response to Original message
2. Sounds like it may be a good day to buy.
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GodlessBiker Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-18-11 10:05 AM
Response to Original message
3. Very good day to buy.
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brooklynite Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-18-11 12:32 PM
Response to Reply #3
5. Remember, quarterly earnings report will be release after the market closes
Edited on Tue Jan-18-11 12:33 PM by brooklynite
Expect some price recovery as people buy in anticipation that the same foolish people who dumped their share in a panic this morning will rush out to buy them again tomorrow.
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ProdigalJunkMail Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-18-11 12:34 PM
Response to Reply #5
6. APPL has already recovered almost half of its loss from the morning
crazy...bouncy bouncy bouncy...too bad I didn't buy 100,000 on margin this morning ;-)

sP
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GodlessBiker Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-18-11 02:08 PM
Response to Reply #6
9. Yep, too late.
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JackintheGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-18-11 10:20 AM
Response to Original message
4. Finally, I can afford to buy in!
3 shares or mortgage? 3 shares or mortgage?...
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ladjf Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-18-11 01:24 PM
Response to Original message
7. $343.23 at 1.24 EST. nt
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WiffenPoof Donating Member (676 posts) Send PM | Profile | Ignore Tue Jan-18-11 01:42 PM
Response to Original message
8. I Assume That The News...
of Steve Job's return to the hospital might have effected the market.

-PLA
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