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  • #1

    Agathon to discuss Apple's stock price

    I remember not too long ago Agathon bragging about how Apple's stock was at $200 and he took jabs at "certain posters" for saying it was overvalued.

    Jump to today.

    It's currently down to $126.92 and is down an amazing 18.45% today alone thus far.

    So I'm interested in Agathon's excuses...or anyone else.
    "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
    Ben Kenobi: "That means I'm doing something right. "
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  • #2
    o/~ steady as she goes... o/~
    Attached Files
    "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
    Ben Kenobi: "That means I'm doing something right. "

    Comment

    • #3
      I keep logs of old conversations so that when I want to feel needlessly angry, I can go back and read over the logs without having to involve anyone else in my immaturity.
      Click here if you're having trouble sleeping.
      "We confess our little faults to persuade people that we have no large ones." - François de La Rochefoucauld

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      • #4
        Originally posted by Lorizael
        I keep logs of old conversations so that when I want to feel needlessly angry, I can go back and read over the logs without having to involve anyone else in my immaturity.
        That's nice dear, but I have a feeling the only people angry right now are Apple shareholders (both in mind, and money).

        It's very relevant because Agathon's recent tear is how inaccurate my statements are about Apple. I believe he even said this in the exact same paragraph of mentioning my comment on how Apple's stock was overvalued...

        Trade volume on Apple today is insanely high. You wouldn't believe the percentage of trades flowing through the system at work right now with "SELL APPLE" subjects...
        "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
        Ben Kenobi: "That means I'm doing something right. "

        Comment

        • #5
          Originally posted by Lorizael
          I keep logs of old conversations so that when I want to feel needlessly angry, I can go back and read over the logs without having to involve anyone else in my immaturity.
          Well, on this one aspect, it isn't Asher's fault. Agathon continually brings it up in just about every Apple vs. PC thread known to man.
          “I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
          - John 13:34-35 (NRSV)

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          • #6
            Yep.

            From December 27th (about the start of my graph above):

            Apple is now unquestionably the pre-eminent computer company, and the stockmarket knows it. Apple's phone has redefined the way people will interact with mobile devices, and their touch portable music players are a generation ahead of anyone else's, in particular the abortion known as the Zune.

            Just for a laugh, some idiotic Apolyton posters suggested last year that Apple was overpriced... Today AAPL was trading at over $200 a share. This is yet another failed prediction of doom from Apolyton's anti-Apple brigade, who, if nothing else, have demonstrated their utter incompetence in tech prediction for the whole of the 6 years I have been a poster here.


            So you can see why this warrants bringing this to his attention.

            From October 07:
            This is just crying because Apple has been doing so well lately.

            I remember that some foolish Apolyton poster said that the stock was massively overvalued...

            Just shows how much some people know.

            Resistance is futile.


            Note that while Apple's price hovered around $200, Agathon put full faith in the stock market as the tool to value the worth of a company. I can't wait to hear how he spins this.
            "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
            Ben Kenobi: "That means I'm doing something right. "

            Comment

            • #7
              Not to defend Apple, but aren't pretty much all shares down radically the last few days?

              I can see the trend your posted graph shows and it doesn't look good but "18.45% today alone" seems a tad misleading.
              "I have never killed a man, but I have read many obituaries with great pleasure." - Clarence Darrow
              "I didn't attend the funeral, but I sent a nice letter saying I approved of it." - Mark Twain

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              • #8
                Originally posted by Wezil
                Not to defend Apple, but aren't pretty much all shares down radically the last few days?

                I can see the trend your posted graph shows and it doesn't look good but "18.45% today alone" seems a tad misleading.
                It's not misleading, it's fact?

                And yes, most shares are down, but Apple is leading the back.

                MSFT is down 2.38% today, for instance.
                "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
                Ben Kenobi: "That means I'm doing something right. "

                Comment

                • #9
                  Originally posted by Asher

                  It's not misleading, it's fact?
                  Facts can be misleading. I make a living from it.
                  "I have never killed a man, but I have read many obituaries with great pleasure." - Clarence Darrow
                  "I didn't attend the funeral, but I sent a nice letter saying I approved of it." - Mark Twain

                  Comment

                  • #10
                    Originally posted by Wezil


                    Facts can be misleading.
                    NEVER -- It depends on which version of the facts we are using

                    I am sure someone could probably stretch back the Apple chart to some time period starting 2 years ago or 4 years ago or something and they would probably be UP a fair bit in the period.

                    It doesn't change the "fact" that the value of the stocks today is far less than they were at the time of Asher's arguments. But if in 6 months time or two years the Apple stock has rebounded markedly, it could conceivably be higher than the valuations at the time of the conversation he cites.

                    So which "facts" would you like ? ( Note I make no assumptions as to where Apple's stock might go)

                    Originally posted by Wezil


                    Facts can be misleading. I make a living from it.
                    Me too-- and thats a fact.
                    You don't get to 300 losses without being a pretty exceptional goaltender.-- Ben Kenobi speaking of Roberto Luongo

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                    • #11
                      Here's some more facts for you Wezil: Today's plunge is Apple's biggest in seven years.
                      "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
                      Ben Kenobi: "That means I'm doing something right. "

                      Comment

                      • #12
                        How many other companies are in the same boat?
                        "I have never killed a man, but I have read many obituaries with great pleasure." - Clarence Darrow
                        "I didn't attend the funeral, but I sent a nice letter saying I approved of it." - Mark Twain

                        Comment

                        • #13
                          Don't know. Wallstreet's talking about Apple in particular.

                          Motorola is the only other tech company with a massive >15% drop today due to a very weak outlook.

                          The Dow is slightly up and Nasdaq is basically even today.
                          "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
                          Ben Kenobi: "That means I'm doing something right. "

                          Comment

                          • #14
                            Originally posted by Asher
                            Don't know. Wallstreet's talking about Apple in particular.

                            Motorola is the only other tech company with a massive >15% drop today due to a very weak outlook.

                            The Dow is slightly up and Nasdaq is basically even today.
                            Just curious since I didn't follow Apple but how much had they gained compared to the market trends in the last 3-5 years
                            You don't get to 300 losses without being a pretty exceptional goaltender.-- Ben Kenobi speaking of Roberto Luongo

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                            • #15
                              A whole lot.
                              "The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
                              Ben Kenobi: "That means I'm doing something right. "

                              Comment

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