Quote:
Originally Posted by Sil_liS
Day 1 of what? The stock has been going down since October.
If that chart isn't clear, look here: http://www.businessinsider.com/chart...ormance-2013-1.
Maybe it's been going down because of the reaction to the new size of the iPhone; maybe it's been going down because of the amazing Apple maps. The reason why the latest values are important is that the stock went below $500, which is a psychological importance.
Rumors of Apple's downfall have been constant over the past few years, and the only reason why these look more important than the previous ones is because they coincided with the stock drop below an important psychological value. |
Thanks for the second chart. It's much better.
If their stock has been falling due to tangible, real things (ie, size of phone, maps app) then that is different than it falling due to misinformation. You don't need false information to contribute to a plunging stock price.
Apple has not hesitated in the past to dispel rumors that could impact its stock price (see preceding post) so I'm not sure why they would hesitate now. One can only read their silence as an indication the rumors are more true than not.
--Pat