it closed at 95, when ernings where release it jumped to 99 and now is tradeing at 94. I don't understand much abou the stock market so I'm looking for some good answers???
2007-01-17 10:39:10 · 8 answers · asked by Anonymous in Business & Finance ➔ Investing
and every poster has missed it.
If you bother to read the next sentence
Shares of Apple (AAPL, news, msgs) jumped this afternoon after the company shattered Wall Street's estimates of its first-quarter earnings. ***But the company's guidance for future results was surprisingly low, and the stock soon headed lower.
Plus there is concern about the future of Steve Jobs.
Oh its now back in teh high 80's gee what a suprise here.
2007-01-17 15:03:07 · answer #1 · answered by Anonymous · 1⤊ 0⤋
The point of releasing the earnings after the bell is to allow a more orderly digesting of news. The after hours market is rather limited in volume and has more large lot transactions. The small time investors will return in the morning and then we see if there is support for higher pricing. The point has already been made that buying is on rumors and selling is on facts. More important than the great results for this last quarter are the predictions for the next one. (Wouldn't want to get toooo far ahead like the next year but that is what is.)
2007-01-17 13:10:18 · answer #2 · answered by gatzap 5 · 1⤊ 0⤋
Once christmas results were in (from retialers),we knew Apple was going to have a huge profit. It was already reflected in the price. The jup today was do to exuberance (people who do not understand pricing though they were being smart by trading immediately after hearing the news.)However, the increased price could not be sustained because there was nothing udnerlying the increase. (as the $95 already reflected the huge profits)
2007-01-17 11:25:35 · answer #3 · answered by Anonymous · 1⤊ 0⤋
A. Read some good books on investing!
B. The market already "priced in" the good earnings.If they had disappointed stock would have made a nose dive.
C. Be cautious with any answers you receive in Yahoo Answers. Always do your own research (verifiable experts)
2007-01-17 11:44:36 · answer #4 · answered by Common Sense 7 · 1⤊ 0⤋
There's an old market saying...
"Up on rumor, down on fact."
AAPL has been on a good run recently, probably in anticipation of the earnings announcement. Now the the report is out, then some people will be selling off and taking profits.
2007-01-17 10:51:57 · answer #5 · answered by ckm1956 7 · 1⤊ 0⤋
All markets are discounting all known information and expectations. AAPL's earning must have fallen short of expectations. Yes, insider trading is a huge part of the market, accept it, or stay away.
2007-01-17 11:06:34 · answer #6 · answered by Ivar 4 · 0⤊ 0⤋
There is only one answer, the big boys play inside games. That's not as bad as when I bought Intel at 62 and it traded after hours until the market opened and it was at 31 and never came back. It cost me $35,000 and I never came back either.
2007-01-17 10:51:34 · answer #7 · answered by ? 3 · 0⤊ 1⤋
the Thanksgiving and January Nasdaq Fireworks are OVER ..... till next year
2007-01-17 11:49:44 · answer #8 · answered by Leo P 2 · 0⤊ 0⤋