Apple free falling

[DUNCANownsKOBE]

http://finance.yahoo.com/q?s=aapl&ql=1

Down almost 10% in after hours trading. Their earnings report sucked but it wasn't THIS bad. If I had the money I'd be buying a few shares :lol

[Clipper Nation]

:lol Team Apple is coasting, tbh...

[DUNCANownsKOBE]

:lol Team Apple is coasting, tbh...


The student...has become the teacher.

http://cultofmac.cultofmaccom.netdna-cdn.com/wp-content/uploads/2011/08/steve_jobs_tim_cook.png

[Latarian Milton]

and there must be another issac newton sitting under the apple tree waiting for the free-falling apple to hit him on the head

[ElNono]

Stock been overpriced for a while now... it'll probably get underpriced now and go on another run

[2centsworth]

I sold at 580. Now to catch a falling knife? They can't deliver the product they have and having nothing revolutionary on the horizon. Been a great stock, but no Steve Jobs may be catching-up.

[Juggity]

http://techcrunch.com/2013/01/23/long-aapl/

[boutons_deux]

Probably $10Ms made by financial sector criminals with inside information who shorted Apple.

[The Reckoning]

Probably $10Ms made by financial sector criminals with inside information who shorted Apple.

lol anyone could see apple would drop with how shity the iphone5 is along with job's death. i have a friend who made a fortune off of that common sense and he's only 22.

[2centsworth]

Probably $10Ms made by financial sector criminals with inside information who shorted Apple.

absolutely ridiculous. For me all it took was a bloomberg podcast where they talked about Apple not being able to deliver orders in a timely basis, the firing of lead technology and marketing managers, the Apple Maps Fiasco and the realization that competitors are catching-up.

Criminalizing homework and due diligence is lazy and you're probably just trying to demagogue .

[DUNCANownsKOBE]

absolutely ridiculous. For me all it took was a bloomberg podcast where they talked about Apple not being able to deliver orders in a timely basis, the firing of lead technology and marketing managers, the Apple Maps Fiasco and the realization that competitors are catching-up.

Criminalizing homework and due diligence is lazy and you're probably just trying to demagogue .
boutons did the same thing during Facebook's IPO when I (and plenty of other people who had the same assignment in a finance class) were able to figure out $38 a share was ridiculous just off their financial statements and seeing what revenue growth predictions that $38 a share valuation was based off. Meanwhile boutons was running around here screaming about how you needed inside information to know they were overvalued.

[coyotes_geek]

Looks like I'll be in the minority on this, but I don't think the beatdown Apple stock is taking is warranted. Reasonable PE, solid dividend, and oh by the way $137 billion dollars stuffed under the mattress.

[boutons_deux]

stocks market speculates on the stock price rises (not old ladies holding stocks for dividends for decades), esp a growth stock like Apple. the stock market isn't expect much growth in Apple's high priced stock.

[DMC]

I've avoided tech stocks for a decade or so. Made a killing off Dell in the 90's though.

[DMC]

boutons did the same thing during Facebook's IPO when I (and plenty of other people who had the same assignment in a finance class) were able to figure out $38 a share was ridiculous just off their financial statements and seeing what revenue growth predictions that $38 a share valuation was based off. Meanwhile boutons was running around here screaming about how you needed inside information to know they were overvalued.

I'd bet your finance class was a bit more evolved than most.

[boutons_deux]

boutons did the same thing during Facebook's IPO when I (and plenty of other people who had the same assignment in a finance class) were able to figure out $38 a share was ridiculous just off their financial statements and seeing what revenue growth predictions that $38 a share valuation was based off. Meanwhile boutons was running around here screaming about how you needed inside information to know they were overvalued.

You Lie

[DUNCANownsKOBE]

I'd bet your finance class was a bit more evolved than most.

True, but my finance class didn't have any inside information. It just applied valuation fundamentals to Facebook, which is something any financial advisor worth his shit would be able to do.

[DUNCANownsKOBE]

Looks like I'll be in the minority on this, but I don't think the beatdown Apple stock is taking is warranted. Reasonable PE, solid dividend, and oh by the way $137 billion dollars stuffed under the mattress.

Agreed with this. I think their 4th quarter earnings were pretty underwhelming and warranted somewhat of a hit, but nothing like this.

As much as the iphone 5 sucks, my guess is it's kicking the shit out of any other new model smart phone in sales.

[Clipper Nation]

boutons did the same thing during Facebook's IPO when I (and plenty of other people who had the same assignment in a finance class) were able to figure out $38 a share was ridiculous just off their financial statements and seeing what revenue growth predictions that $38 a share valuation was based off. Meanwhile boutons was running around here screaming about how you needed inside information to know they were overvalued.
Boutons is basically the left-wing SA210, except instead of ranting about drones, he hates on everyone who has more than two cents to their name :lol

:cry "But... but... they're rich! They must be criminals! That's what the TV told me!" :cry

[TeyshaBlue]

Agreed with this. I think their 4th quarter earnings were pretty underwhelming and warranted somewhat of a hit, but nothing like this.

As much as the iphone 5 sucks, my guess is it's kicking the shit out of any other new model smart phone in sales.

Didn't Apple submit a warning for Q2 projections? Seems like that's the poison pill.

[TeyshaBlue]

Boutons is basically the left-wing SA210, except instead of ranting about drones, he hates on everyone who has more than two cents to their name :lol

:cry "But... but... they're rich! They must be criminals! That's what the TV told me!" :cry

False Equivalence! GFY!


SA210 can spell and construct sentences.

[boutons_deux]

False Equivalence! GFY!


SA210 can spell and construct sentences.

TB :lol post something besides stalking and trash talking The Great Boutons, who obviously has your goat by the balls

[TeyshaBlue]

TB :lol post something besides stalking and trash talking The Great Boutons, who obviously has your goat by the balls

You think about dicks and balls...alot.

[coyotes_geek]

Agreed with this. I think their 4th quarter earnings were pretty underwhelming and warranted somewhat of a hit, but nothing like this.

As much as the iphone 5 sucks, my guess is it's kicking the shit out of any other new model smart phone in sales.

It just feels like Apple is being treated as if it were some 1990's dotcom'er where no one seems to know or care about the fundamentals.

[ElNono]

It just feels like Apple is being treated as if it were some 1990's dotcom'er where no one seems to know or care about the fundamentals.

Pretty much. Some of the numbers are mind-boggling... They made more money in one quarter than Google does in a year. And this is supposed to be on a somewhat slowed-down economy.

[Drachen]

Pretty much. Some of the numbers are mind-boggling... They made more money in one quarter than Google does in a year. And this is supposed to be on a somewhat slowed-down economy.

That is why, even with this free fall, they are worth roughly double what El Goog is and they, at one point last year, were the second highest valued company in history. There was a lot of buying based on the whole "apples just don't fall" idea. Now when they had an underwhelming (by their standards) holiday season there are a lot of these same buyers going "Oh Shit". I agree (superficially at least) that they are being oversold and if I could afford some of their option contracts, I might start working with those in a couple of days, but that is the problem with buyers who aren't doing DD, they buy for no reason and so they sell for no reason.

[Wild Cobra]

Is that why Al Gore exercised his $7 options? He knew it would fall?

[DUNCANownsKOBE]

Is that why Al Gore exercised his $7 options? He knew it would fall?
He would have sold his options if he knew the stock price was gonna fall, dumbshit

[cheguevara]

anybody who didn't sell right after Jobs died is not really in it to make money.

[Wild Cobra]

He would have sold his options if he knew the stock price was gonna fall, dumbshit
That was my point dumbshit.

Did he have insider trader knowledge...

[Drachen]

That was my point dumbshit.

Did he have insider trader knowledge...

If he exercised, then he bought.

[2centsworth]

word of the day is commoditization , not to say Apple isn't or is a buy at this point.

Anyways, I look like a genius to many people today, so I'm going to bask in the glory for the next 15mins.

[DUNCANownsKOBE]

That was my point dumbshit.

Did he have insider trader knowledge...

Seeing that he serves on Apple's board of directors, I imagine he does.

Did he exercise the options or sell them? If he was trading off insider knowledge, he would have sold options for a lot more than the payoff he'd get by exercising them.

[Wild Cobra]

Seeing that he serves on Apple's board of directors, I imagine he does.

Did he exercise the options or sell them? If he was trading off insider knowledge, he would have sold options for a lot more than the payoff he'd get by exercising them.

I think they were options, but I'm not sure. I initially thought might have been options with a 10 year expiration. It was that long ago that the stock was in that range. I don't know if this is a story or not and honestly, I don't care to look for dirt on him. I brought it up in case someone else wants to.

[CosmicCowboy]

Al Gore has just purchased a big chunk of Apple stock by exercising his Apple stock options.
A filing with the Securities and Exchange Commission shows that Gore exercised options on January 15 to buy 59,000 Apple shares at the price of $7.475 a share.
That means Gore paid around $441,000 for his load of Apple stock. With the shares trading just under $500 this morning, Gore's investment is now worth around $29.5 million.
Of course, Apple stock has been falling recently, although that could turn around next week if the company releases good results for the last quarter. Either way, it's still a giant profit for the nation's former vice president.
Gore has exercised stock options at the same price twice before, according to The Next Web -- once in January of 2008 and again in March that same year. After joining Apple's board of directors in 2003, he was awarded 30,000 stock options, but those carried an exercise price of $14.95.
Gore still has a total of 61,574 Apple shares that he can exercise at bargain-basement prices.

[CosmicCowboy]

It's a reasonable question. What did Gore do to "earn" those stock options?

[Sportcamper]

It's a reasonable question. What did Gore do to "earn" those stock options?

Seriously? The guy invented the internet…

[Drachen]

It's a reasonable question. What did Gore do to "earn" those stock options?

http://www.forbes.com/sites/igorgreenwald/2013/01/18/dont-hate-on-al-gore-for-his-big-apple-score/

[coyotes_geek]

http://www.forbes.com/sites/igorgreenwald/2013/01/18/dont-hate-on-al-gore-for-his-big-apple-score/

Nice find. :tu

Good for Al.

[DUNCANownsKOBE]

It's a reasonable question. What did Gore do to "earn" those stock options?

He serves on Apple's board of directors, like I already said.

[TDMVPDPOY]

would be stupid not to excercise thos stock options....

its like ppl who buy shares but dont need to pay the full amount when its to be called...

[DUNCANownsKOBE]

At this point Apple is a pretty good buy. It's P/E is below 10 at its current price which is low compared to even the most mature technology companies (Microsoft, Cisco, Oracle, etc.). Anyone who actually has the money should wait for the dust to settle and then jump on it.

Meanwhile, when I told my mommeh to buy 100 shares of Netflix over the summer at $59 a share, I really wish I had the money so I could have done it as well :lol

[CosmicCowboy]

He serves on Apple's board of directors, like I already said.

And the article said he got options on 30K shares for doing so. What about the rest?

[ElNono]

And the article said he got options on 30K shares for doing so. What about the rest?

According to the SEC filing:

http://www.sec.gov/Archives/edgar/data/320193/000112760213002203/xslF345X03/form4.xml

He was granted those options in March 19, 2003...

[DUNCANownsKOBE]

And the article said he got options on 30K shares for doing so. What about the rest?

Where in the article does it say anyonething about 30k shares? The article looks like it says all of his shares were from board member compensation.

[DUNCANownsKOBE]

I wonder what the Al Gore conspiracy theorists will be jumping too next.

[Juggity]

False Equivalence! GFY!


SA210 can spell and construct sentences.

Doesn't vaccinate his kids, though. So he loses some points for that.

[Wild Cobra]

It's a reasonable question. What did Gore do to "earn" those stock options?


Seriously? The guy invented the internet…

LOL....

Thanks for the good laugh...

LOL...

[Wild Cobra]

http://www.forbes.com/sites/igorgreenwald/2013/01/18/dont-hate-on-al-gore-for-his-big-apple-score/
Thanx... This was my guess:

in fact those options had to be exercised in March by the 10th anniversary of his arrival

[Th'Pusher]

If gore would have exercised his options before the new year he could have saved ~$1.5M in cap gains taxes. I salute him for being willing to pay his fair share!

[Wild Cobra]

If gore would have exercised his options before the new year he could have saved ~$1.5M in cap gains taxes. I salute him for being willing to pay his fair share!
I'm sure he would have if he knew it would continue to fall.

[Drachen]

I'm sure he would have if he knew it would continue to fall.

Did it say that he sold his shares?

[Wild Cobra]

Did it say that he sold his shares?
One of the articles I read said he did. Made out big-time on the profits.

[Drachen]

Everything I read said that he traded 441,000 for 29.x million in apple stock. Not that he sold it. Now, he may yet sell it but he also may hold it. In fact the timing of his exercise points to him holding the shares.

[TeyshaBlue]

Gore is, if nothing else, a pretty shrewd business man from what I can see.

[DUNCANownsKOBE]

I'm sure he would have if he knew it would continue to fall.

But I thought he had inside information?

[DUNCANownsKOBE]

One of the articles I read said he did. Made out big-time on the profits.

http://finance.yahoo.com/q/it?s=AAPL+Insider+Transactions

There's nothing about Gore selling the shares, only him exercing the options. If he immediately sold his shares, it would have been disclosed as an insider transaction.

Where did you read the article saying he sold the shares?

[Wild Cobra]

OK, I stand corrected.