AAPL

[maco]

How low do you think it will go over the next couple of days? $158.03 right now.
Typo on the street.com, they show AAPL falling to: $116.95. Think it will go below $150? I say it will make it to $150. Your prediction?


Apple's New Products Fail to Impress Investors.

Tech stocks fell Tuesday as concerns about an economic slowdown and a decline in consumer spending intensified. The Nasdaq composite index was off 60.71 points, or 2.45%, closing at 2,417.59.

Apple (AAPL - Cramer's Take - Stockpickr - Rating) stock fell $11.83, or 6.6%, to $116.95 as investors were unimpressed with CEO Steve Jobs' latest offerings at Macworld Expo in San Francisco.

As expected, the company unveiled a new lightweight laptop and a video rental service through its iTunes store. Analysts said the company failed to reveal anything approaching last year's iPhone, which triggered a 12% bounce in the stock price in the three days following the debut.

[IronMac]

Well, thank you for chattering on about it...we're all doomed!!!

[maco]

I don't get this one:

"Well, thank you for chattering on about it?"

[papercup]

[TheTominator]

The perception is that it is bad luck to talk about AAPL price.

So the superstitious forum community is thinking
"AAPL is taking a hit. Uh oh. Better get maco."

[voodoopenguin]

Yeah, it's dropped a lot and is still dropping. Tomorrow it will plummet and after that go into freefall. Can you tell I have no Apple stock?

I'm fine, here in the UK a lot of my money is in banking stock and they are going against today's general downward trend.

[DavidS]

Sounds like there may be a buying opportunity coming up. But I won't say any more during trading hours.

[MacManMaz]

L O N G

that's the word...

[Chupa Chupa]

If you are a day trader SELL. If you are long term none of this matters. What will matter though is Apple's Q1 conference call next Tues. If you are serious about own AAPL that will be one to listen in on.

You can listen here next Tues @ 5pm EST: http://www.apple.com/quicktime/qtv/earningsq108/.

[Jem]

I just don't see it staying down for long, unless the holiday quarter sales were especially bad.

Brand recognition has never been better, it is firing on all cylinders with iPods, Macs, and other products, and mac marketshare is up.

Unlike a struggling Dell or gateway, things actually look pretty good for Apple, as they expand in to new potentially lucrative markets (on Demand video and SmartPhones).

It's been my experience that Jobs *never* lives up to the pre-MacWorld hype, and that there is generally a bit of short term deflation in stock price as a result.

I'm hoping that analysts are reading MORE into the Intel numbers than they should WRT Apple. Perhaps thinking by extension that Apple isn't selling as many Intel based Macs?

Apple is a relatively small customer for Intel (though high profile), so hopefully Apple numbers are good... it's just the slower sales on the PC side of the aisle that are causing a drag on Intel. Here's hoping anyway.

I'd be happy if it is back to $175 by the end of the week...