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<generator>Blogsmith http://www.blogsmith.com/</generator><item><title><![CDATA[Apple after the bell 05-18-06: walloped by end-of-day selloff]]></title><link>http://www.bloggingstocks.com/2006/05/18/apple-after-the-bell-05-18-06-walloped-by-end-of-day-selloff/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2006/05/18/apple-after-the-bell-05-18-06-walloped-by-end-of-day-selloff/</guid><comments>http://www.bloggingstocks.com/2006/05/18/apple-after-the-bell-05-18-06-walloped-by-end-of-day-selloff/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/after-the-bell/" rel="tag">After the Bell</a>, <a href="http://www.bloggingstocks.com/category/major-movement/" rel="tag">Major Movement</a>, <a href="http://www.bloggingstocks.com/category/bad-news/" rel="tag">Bad News</a>, <a href="http://www.bloggingstocks.com/category/aapl/" rel="tag">Apple Inc (AAPL)</a></p><p><img alt="apple at the bell 05182006" hspace="4" src="http://www.bloggingstocks.com/media/2006/05/apple_chart_05182006.jpg" align="right" vspace="4" border="0" />Apple was plugging along today, basking in the glow of its <a href="http://aapl.bloggingstocks.com/2006/05/17/apple-after-the-bell-05-17-06-black-is-the-new-macbook/">new (and black) MacBook</a>, and Steve Jobs was probably patting himself on his back after <a href="http://aapl.bloggingstocks.com/2006/05/17/apples-new-stores-wow-the-street-and-the-street/">yesterday's lovely write-up in the <em>Wall Street Journal</em></a>. <em>I'm so smart</em>, he was probably thinking, <em>those naysayers just wish they'd invested in Apple way back when!</em></p>
<p>And then. Everybody started selling. Before MacBook could rack up its nth sale (<a href="http://www.looprumors.com/index.php?intel-imac-macbook-sales-very-strong">rumored to be good</a> even by Apple's projections), before Jobs could reach around for that acrobatic back pat, the market had hammered APPL to the tune of $2.08 -- a whopping 3.19%. The stock ended the day at $63.18.</p>
<p>Despite the sell-off, reviewers can't say enough good about the MacBook; <a href="http://www.macworld.com/2006/05/firstlooks/macbookbench/index.php"><em>MacWorld </em>said it was faster</a> than the fastest iBook G4&nbsp;in almost all of its tests. And <a href="http://www.forbes.com/personalfinance/strategies/2006/05/18/apple-gm-retail-in_ps_0518soapbox_inl.html"><em>Forbes</em> went raving on about the new Manhattan Apple store</a> (in a historically dank and failure-ridden space, however). So why the big sell-off? Could&nbsp;it be a side-effect of <a href="http://news.bbc.co.uk/1/hi/business/4996164.stm">bad news at rival Dell</a>?&nbsp;If you sold today, what were you <em>thinking</em>?</p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2006/05/18/apple-after-the-bell-05-18-06-walloped-by-end-of-day-selloff/">Apple after the bell 05-18-06: walloped by end-of-day selloff</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Thu, 18 May 2006 17:28:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2006/05/18/apple-after-the-bell-05-18-06-walloped-by-end-of-day-selloff/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/619729/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2006/05/18/apple-after-the-bell-05-18-06-walloped-by-end-of-day-selloff/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>appl</category><category>appl sell-off</category><category>apple</category><category>apple close</category><category>apple sell-off</category><category>apple store</category><category>apple stores</category><category>AppleClose</category><category>AppleSell-off</category><category>AppleStore</category><category>AppleStores</category><category>ApplSell-off</category><category>at the bell</category><category>AtTheBell</category><category>big apple</category><category>BigApple</category><category>closing bell</category><category>ClosingBell</category><category>macbook</category><category>macworld</category><category>sell-off</category><dc:creator><![CDATA[Sarah Gilbert]]></dc:creator><pubDate>Thu, 18 May 2006 17:28:00 EST</pubDate></item></channel></rss>
