Does Apple prove that the stock market can be a total joke?

Quote from Maverick74:

As the old saying goes, when a trade takes place, two people come together and agree on price and disagree on value.
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And that's probably a derivative (ha!) of a lesson mothers and grandmothers have been teaching since the beginning of time:

"Don't grow up to be a person that knows the price of everything yet the value of nothing"
 
Quote from Maverick74:

Yes and collectively half of them "sold" at 700. It doesn't matter if it was one guy named Larry or a million Larry's in retirement fund.

All transactions are in the "now". If you sell 10k shares at 700 it's because you believe right "now" it's a good sale. Someone is on the other side of that trade and they believe "now" is a good time to buy. One of you will be wrong. It's not that complicated.
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and some guy sold that day just because his daughter was getting married and he needed the money to pay for the wedding
 
Thanks guys for bringing me up. I did sell all of my Apple shares right at the top. I'm not sure who was on the other side of the trade maybe Bernanke or Obama.
 
Quote from EngineerLarry:

Thanks guys for bringing me up. I did sell all of my Apple shares right at the top. I'm not sure who was on the other side of the trade maybe Bernanke or Obama.
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Most likely a MM who makes money consistently !
 
I expect Apple to make a comeback in the not too distant future. 700 may then look cheap !!
It may largely depend on it's next product.
 
Quote from Humpy:

I expect Apple to make a comeback in the not too distant future. 700 may then look cheap !!
It may largely depend on it's next product.
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I know I am on your ignore list, but that is a brilliant analysis. Thank you for the contribution. Maybe I should buy. "Why did you buy?"

because Humpy said he thinks it is going to 700 ob

"and what are his stock analysis qualifications?"

I don't know, he posts on et so he must be elite
 
Quote from EngineerLarry:

Thanks guys for bringing me up. I did sell all of my Apple shares right at the top. I'm not sure who was on the other side of the trade maybe Bernanke or Obama.
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Actually I think it was BigFoot or perhaps Chupacabra.
 
Quote from Humpy:

I expect Apple to make a comeback in the not too distant future. 700 may then look cheap !!
It may largely depend on it's next product.
More...

keep drinking the koolaid.

:D :D :D
 
Quote from Maverick74:

Yes and collectively half of them "sold" at 700. It doesn't matter if it was one guy named Larry or a million Larry's in retirement fund.

All transactions are in the "now". If you sell 10k shares at 700 it's because you believe right "now" it's a good sale. Someone is on the other side of that trade and they believe "now" is a good time to buy. One of you will be wrong. It's not that complicated.
More...

i think u need to go back to finance 101. you're obviously confused as to what market value is or means.

the current price x shares outstanding IS the current market value, i dont really know what the hell you're talking about when you say price is not value or whatever... again, if i wanted to buy apple, i couldnt do it for less than 400 billion. the current market value. share price x shares outstanding.
 
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