Originally Posted By: hybrid8
The stock price falls after a good announcement because it has rallied prior to the announcement. More precisely because people are selling off shares to take some profit. If you have money to throw around, you buy Apple stock a little while before a quarterly result and you sell where you think the peak is - usually the day of the announcement. I can't recall the last time it didn't play out like this.


Wall Street types have a saying for this: "Buy the rumor, sell the news."