Why has Apple stopped going up?

[Deleted User]

This messes with all my retirement projections but, more importantly, influences the whole investment climate, so potentially bad for everybody!
Below $127 and no sign of a floor. 

Alistair31

Trees don’t grow to the sky.

MaxiRobriguez

ZingPowZing said:

This messes with all my retirement projections but, more importantly, influences the whole investment climate, so potentially bad for everybody!
Below $127 and no sign of a floor. 

People investing in Apple have made tonnes in recent years with valuations getting extremely expensive.

History would suggest a sell off (and a sizable one of that) at some point would be more normal outcome than consistent outperformance.

Bobziz

Are you on a fishing trip tonight ?

GeordieGeorge

ZingPowZing said:

This messes with all my retirement projections but, more importantly, influences the whole investment climate, so potentially bad for everybody!
Below $127 and no sign of a floor. 

Your retirement projections required market outperformance by a single stock? That’s er, unconventional. How much of your pot is in it, and what growth rate were you projecting?

Grenage

I imagine there is still quite a bit of falling to do yet in the tech sector.

[Deleted User]

Aapl is 30% of my portfolio -  even less if I include my £ assets outside the stock market.

Prism

Why would Apple keep going up? Over the last 5 years their revenue and profits have gone up around 50% in total so you might expect under normal conditions their share price go up by around the same amount. The main reason it has gone up more is people predicting a higher future growth rate. Maybe people have now decided that isn't going to happen - or maybe this is just a lull before another big rise.

5 years ago Apple was trading at a PE of about 12. Its possible they could return back to that level so you could be looking at a 50%+ drop in the share price from here.

GeordieGeorge

ZingPowZing said:

Aapl is 30% of my portfolio -  even less if I include my £ assets outside the stock market.

That is very, very bold. Some people would go so far as to call it reckless. Hopefully you’ve been in it for a while and have enjoyed the ride up.

[Deleted User]

Apple is running out of steam, unless it brings out the next big soon it will become just another tech company. 

coastline

GeordieGeorge said:

ZingPowZing said:

Aapl is 30% of my portfolio -  even less if I include my £ assets outside the stock market.

That is very, very bold. Some people would go so far as to call it reckless. Hopefully you’ve been in it for a while and have enjoyed the ride up.

Haway man Geordie hes ganna be areet in the lang run..