Path: utzoo!utgpu!news-server.csri.toronto.edu!rpi!think.com!spool.mu.edu!uunet!munnari.oz.au!bunyip.cc.uq.oz.au!brolga!covax.commerce.uq.oz.au!bellamy
From: bellamy@covax.commerce.uq.oz.au
Newsgroups: comp.sys.mac.system
Subject: Re: * What's the deal with Apple's stock????
Message-ID: <1991May24.134649.2733@covax.commerce.uq.oz.au>
Date: 24 May 91 03:46:49 GMT
Article-I.D.: covax.1991May24.134649.2733
References: <1991May23.011719.16067@ncsa.uiuc.edu> <1991May23.045710.3521@njitgw.njit.edu>
Organization: University of Queensland
Lines: 32

In article <1991May23.045710.3521@njitgw.njit.edu>, gaines@mars.njit.edu (Starman) writes:
> Howdy,
> 	I've been wondering about the behavior of Apple's stock lately.
> I don't own any, but I was expecting it to climb after System 7 was
> released. As of March 1, it was @50, reached 70, and was 45 yesterday.
> What's the deal? 


Finance 101:  Available information will be compounded into the 
share price when it becomes public.  The fact that Sys 7.0 was _planned_ to 
be released on 13 May has been known for months.  The only change in SP 
expected on 13 May would have been if they had missed; you would have seen 
a substantial fall.  Actually the Market puts a probability estimate on 
these things.  The Market was probably 99% sure on 10 May that they were 
going to release (all those Golden reports) so there may have bee a small but 
undetectable change (increase) on 13 May (the last 1%).

If System 7.0 was going to increase the SP of Apple Corp, then the SP
increase would have been (mainly) in April, 1989 (?) when I think the 
planned features of the next OS (7.0) were announced.  Slight increases would
have occurred since then as news that certain milestones (e.g. alpha, beta
realeases) had been met.  Of course this would not have all been one way, when
Apple announced the ommission of the New Print Architecture, Scripting etc the
price may have fallen. 

BTW, this is not a flame, not even a candle. :-)

Cheers

-- 
David E. Bellamy        Email: bellamy@covax.commerce.uq.oz.au
Dept. Commerce, University of Queensland, St. Lucia, AUSTRALIA