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Technology Stocks : Apple Inc.
AAPL 259.95-0.4%Jan 14 3:59 PM EST

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To: MGV who wrote (165538)2/7/2014 12:11:30 AM
From: ggamer1 Recommendation

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Moonray

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Cook's statements describing the move suggest the former more than the latter. It should move the share price tomorrow. The 1st sentence below is a bit snarky by the WSJ. online.wsj.com Mr. Cook said Apple was "surprised" by the 8% decline in its shares on Jan. 28, the day after it reported lower iPhone sales than projected and warned that revenue in the current quarter might decline from the same period a year ago. Mr. Cook said he wanted to be "aggressive" and "opportunistic."It means that we are betting on Apple. It means that we are really confident on what we are doing and what we plan to do," said Mr. Cook, speaking in a conference room at the company's corporate headquarters here. "We're not just saying that. We're showing that with our actions."

Those are pretty strong words for a CEO, and normally CEO don't talk about stock price and let alone the performance of their stock price. Did TC take some big risk by saying these statements in public and would Apple be in trouble if the stock goes lower than 500 in the future. Apple lawyers should get their act together once the stock goes below $500.

I say the line in the sand has been established and the rock bottom price at this point is $500. I am hoping that one day we will get the $200 stock price after a 4-to-1 stock split at $800 :).

Cheers!
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