For Apple stock in particular, I would zoom out a little further than
a few days and you will
see that it is fairly normal for this stock to have really wide
swings for a variety of reasons and
sometimes for no reason at all (at least that I can tell). For
instance, it was way down into
the 120's when the credit news first started to come out a few weeks
ago. Apple stock has
been heavily traded and very volatile for the last few years. So I
don't really think Apple's
management is guided very much by their day to day stock price. At
least I hope not.
On Sep 7, 2007, at 9:53 AM, Raymond Parks wrote:
> Folks,
>
> The really interesting part of this situation is Apple's stock
> performance since Tuesday. I think that drove the refund as much
> as the
> complaints on user forums.
>
> Or, perhaps, the stock price drop is investors fearing that the real
> reason for the iPhone price drop is slow sales. If so, they're not
> going to resolve that with a price drop - they might get somewhere by
> getting out of the exclusive AT&T contract. I wonder if Apple had
> counted on the hacker community opening up the iPhone for use on T-
> Mobile?
>
> Their PPPP for the new iPod release may also have helped to drive
> the
> stock down by 13 points (from 145) in two days.
>
> --
> Ray Parks rcparks at sandia.gov
> Consilient Heuristician Voice:505-844-4024
> ATA Department Mobile:505-238-9359
>
http://www.sandia.gov/scada Fax:505-844-9641
>
http://www.sandia.gov/idart Pager:800-690-5288
>
http://www.sandia.gov/redteam2007>
>
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