apple released the info on the iphone today and there stock go down because of jim cramer bashing however, if ancestors are selling off next to apple and the 3g iphone isnt going to sell economically then why is it that rim's stock is going down oin the justification of the new iphone release.
Answers: I would oppose the premise of your question. Stocks, including competitors close to RIMM and AAPL, don't go down because of Cramer or even respectively others product roll outs all the time, and indeed one days price action is no concrete indicator at all. Stocks recurrently sell rotten on news, similar to AAPL today, many have been anticipating a big announcement, and the smart money have been buying contained by the past few weeks and may be taking profits, when the novice are just starting to buy. It's an ancient suckers game. But first and foremost, daily stock prices are unsophisticatedly meaningless, and its very complex to find a true cause except there be more sellers than buyers today!
Profit taking.
Stocks NEVER dance up forever.
The smart people lurk for the news and put on the market ahead of it.
"Buy the rumor, sell the fact" is an old-fashioned axiom on wall street.
You overestimate Cramer's influence. Stocks go down for other reason.
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Answers: I would oppose the premise of your question. Stocks, including competitors close to RIMM and AAPL, don't go down because of Cramer or even respectively others product roll outs all the time, and indeed one days price action is no concrete indicator at all. Stocks recurrently sell rotten on news, similar to AAPL today, many have been anticipating a big announcement, and the smart money have been buying contained by the past few weeks and may be taking profits, when the novice are just starting to buy. It's an ancient suckers game. But first and foremost, daily stock prices are unsophisticatedly meaningless, and its very complex to find a true cause except there be more sellers than buyers today!
Profit taking.
Stocks NEVER dance up forever.
The smart people lurk for the news and put on the market ahead of it.
"Buy the rumor, sell the fact" is an old-fashioned axiom on wall street.
You overestimate Cramer's influence. Stocks go down for other reason.
Resolved Questions: