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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 discoun
by 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 agoWow, 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 agoIt 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 agoMaybe: "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...