4 ms·

Another American ignoring the rest of the world: no need to speculate how the news will affect the stock price after the US holiday ends when you can just look

Another American ignoring the rest of the world: no need to speculate how the news will affect the stock price after the US holiday ends when you can just look how Apple performed in European markets, which were open during the time of the announcement (and reacted immediately with a 7% drop). Sorry for the rant, but this is the second time I see something like this today, and it pisses me off to no end.

po 16y ago
Other markets have nowhere near the liquidity of the market where AAPL shares are actually bought and sold. If you think the US market will wind up where the european one did then go ahead and make that trade. The opinion of the market will change as time goes on and people process the information available and more information becomes available. I don't think its fair to say "another American ignoring the rest of the world" when his whole point is that what matters is how apple does on the NASDAQ after the earnings announcements. In this case, how Apple stock traded in european markets over the holiday really is irrelevant to AAPL. It's nothing personal.
- joshu 16y ago
  Xetra stars and whatnot have pretty decent trading volumes, esp on news.
- aristidb 16y ago
  Wow, your comment made mine go from +7 to +1. Trading on Xetra was quite active yesterday, but certainly less than a typical Nasdaq day. You should not discount that price movement as irrelevant. And Gruber's point on earnings releases was a separate one, IMO.
  - po 16y ago
    Wow, your comment made mine go from +7 to +1. Ha. Sorry about that! I usually only downvote things that are materially wrong or offensive but I know lots of people use it as a vote to say they disagree. Your comment also had a sort of "typical American" derogatory feel to it which you can only get away with until someone points it out. Most people reading HN are probably Americans you know. ;-) As for the price movement, it is relevant only in that it is exactly the sort of knee-jerk reaction that Apple was avoiding by announcing on a holiday weekend. The movement we see when the market opens will be different given that people have had time to absorb the news, even without the earnings announcement.
    - aristidb 16y ago
      It WAS supposed to be a rant. And sure, the price movement was a "knee-jerk" reaction, and the price on US open will likely move higher - or lower. An instant drop followed by a flat market pretty much is a textbook example of the stock market reacting to unexpected events, though.
      - po 16y ago
        Maybe: "Don't rant about ignorant Americans to Americans unless you're willing to burn karma"? I guess they're all asleep now so you can get away with it. But this one is in Tokyo! The German market just opened and Apple is now going up: http://www.boerse-frankfurt.de/EN/index.aspx?pageID=35&ISIN=US0378331005 http://www.boerse-frankfurt.de/EN/index.aspx?pageID=35&I...

po 16y ago

Other markets have nowhere near the liquidity of the market where AAPL shares are actually bought and sold. If you think the US market will wind up where the european one did then go ahead and make that trade. The opinion of the market will change as time goes on and people process the information available and more information becomes available. I don't think its fair to say "another American ignoring the rest of the world" when his whole point is that what matters is how apple does on the NASDAQ after the earnings announcements. In this case, how Apple stock traded in european markets over the holiday really is irrelevant to AAPL. It's nothing personal.

joshu 16y ago
Xetra stars and whatnot have pretty decent trading volumes, esp on news.
aristidb 16y ago
Wow, your comment made mine go from +7 to +1. Trading on Xetra was quite active yesterday, but certainly less than a typical Nasdaq day. You should not discount that price movement as irrelevant. And Gruber's point on earnings releases was a separate one, IMO.
- po 16y ago
  Wow, your comment made mine go from +7 to +1. Ha. Sorry about that! I usually only downvote things that are materially wrong or offensive but I know lots of people use it as a vote to say they disagree. Your comment also had a sort of "typical American" derogatory feel to it which you can only get away with until someone points it out. Most people reading HN are probably Americans you know. ;-) As for the price movement, it is relevant only in that it is exactly the sort of knee-jerk reaction that Apple was avoiding by announcing on a holiday weekend. The movement we see when the market opens will be different given that people have had time to absorb the news, even without the earnings announcement.
  - aristidb 16y ago
    It WAS supposed to be a rant. And sure, the price movement was a "knee-jerk" reaction, and the price on US open will likely move higher - or lower. An instant drop followed by a flat market pretty much is a textbook example of the stock market reacting to unexpected events, though.
    - po 16y ago
      Maybe: "Don't rant about ignorant Americans to Americans unless you're willing to burn karma"? I guess they're all asleep now so you can get away with it. But this one is in Tokyo! The German market just opened and Apple is now going up: http://www.boerse-frankfurt.de/EN/index.aspx?pageID=35&ISIN=US0378331005 http://www.boerse-frankfurt.de/EN/index.aspx?pageID=35&I...