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Apple Stock Down About 5%

submitted on January 18, 2011 by CouponNut in "Member's Lounge"
At the opening bell this morning, AAPL was down 5%, erasing about US$15 billion dollars of the company's market value. As of this writing, Apple is trading at $336. It's not time to get out on the ledges, however, as many experts think an expected blow-out earnings call later today could erase the losses.

Of course, the stock value picture is always most interesting over the long run, and will also be impacted by how long Steve Jobs is out on medical leave. Many investors are sitting on the sidelines waiting to see the results of the earnings call, and some are predicting Apple will announce a 50% increase in quarterly sales this afternoon. Other analysts expect lower earnings and revenue.

Apple made the announcement about the medical leave yesterday on a U.S. holiday when American markets were closed. When Jobs announced his previous leave, the stock lost about 8% in two days. Last Friday, Apple stock was at a 52 week high of $340 per share.


http://finance.yahoo.com/tech-.....t-to-Apple
 

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  Comments
  • 97130
    YanBz
    admin
    Posted by YanBz on January 18, 2011
    [reply] 6 0
    Oh, the drawbacks of strong leadership - the boss announces medical leave and investors are not sure about the future of the company any longer
      97379
    • CouponNut
      deity
      23 14 8
      12 10 2
      Posted by CouponNut on January 19, 2011
      [reply] 1 0
      Isn't that how it always is? Big Grin
  • 97133
    psplove
    professor
    3 1 6
    11 9 2
    Posted by psplove on January 18, 2011
    [reply] 2 0
    It's time to down down down. Amused
  • 97136
    CouponNut
    deity
    23 14 8
    12 10 2
    Posted by CouponNut on January 18, 2011
    [reply] 2 0
    Unbelievable how one person can make the stock market change overnight.
  • 97176
    CouponNut
    deity
    23 14 8
    12 10 2
    Posted by CouponNut on January 18, 2011
    [reply] 2 0
    Apple is taking a bite with Steve Jobs medical leave!
  • 97251
    vectra5
    professor
    3 1 1
    Posted by vectra5 on January 18, 2011
    [reply] 3 0
    $15 bln dollars overnight...wow..i am sure the stock will rebound
      98015
    • CouponNut
      deity
      23 14 8
      12 10 2
      Posted by CouponNut on January 21, 2011
      [reply] 1 0
      Google & Apple neck & neck.
    • 98020
    • YanBz
      admin
      Posted by YanBz on January 21, 2011
      [reply] 1 0
      It still hasn't reached November or even December '10 levels.
    • 98022
    • orangearrows
      professor
      2 3
      7 1 1
      Posted by orangearrows on January 21, 2011 [reply] 0 0
      Good time to buy?
  • 97261
    CouponNut
    deity
    23 14 8
    12 10 2
    Posted by CouponNut on January 18, 2011
    [reply] 2 0
    Steve Jobs must be the brains behind Apple, no wonder there's fear of what will happen.

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