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Comment by kahawe | Hacker News Reader

A fascinating thing here is that despite all of Apple's current products, all the rising sales numbers, all the hype, popularity and air of coolness surrounding them and all the generally good news about them and all that... up to the launch of Lion, the share price has hardly moved and if anything it went down - just because Steve Jobs announced he would retire.

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When did Steve Jobs announce he was going to retire? I can't find any evidence of that.

'cause the popular belief is that once Jobs retires, Apple will enjoy a free fall in _everything_.

Fascinating.

Hmmm, so a simple description of what the irrational thinking the market has deserves a downvote now.

I used not to believe the downvoting trend on HN, but it appeared to be a real issue.

I understand this bit very well, thankyouverymuch. What I find fascinating is how one-dimensional and downright stupid and emotion-filled the stock market actually is and the Apple stocks are one of many good examples for that in this case.

When saw that Quora question on "why is Apple's stock so low" and didn't agree with a single one of the answers I moved half my parents investments into Apple. It is crazy to think that he hasn't imbued them with a lasting sense of design. I still think the company is undervalued.

That sounds like a terribly risky move for any investor, much less folks who are probably in or nearing retirement. Diversify!

I bought put options to cover the (extreme) downside. We were up about 30% YoY, so I wasn't too concerned.

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