On Wednesday afternoon, Apple CEO Tim Cook addressed investors and the media at the company's annual shareholders meeting. It was the sixth time in the last five months that Cook has made something like a public appearance; and it is also the sixth time in the past five months that Apple's stock has closed down after Cook appeared.
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Consider this: The last six times that Cook has put himself out there, Apple's stock declined afterwards. It's a streak that dates back to October 2012, when Cook introduced the iPad mini, and it is a trend that has gone unbroken for about five months now: When Cook appears, AAPL goes down
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Here are the six appearances, and the AAPL reaction:
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1. Annual Shareholder's Meeting, 2/27/2013
Open: $448.43
Close: $444.57
2. Goldman sachs Technology Conference, 2/12/2012
Open: $479.51
Close: $467.90
3. Apple Q1 Earnings Call, 1/24/2013 (after hours)
Open: $451.69
Close: $439.88
4. "Bloomberg Businessweek" cover story/ appearance on "Rock Center with Brian Williams" (after hours), 12/07/2012
Open: $553.40
Close: $533.25
5. Apple Q4 Earnings Call, 10/25/2012 (after hours)
Open: $620.00
Close: $609.54
6. iPad Mini Event, 10/23/2012
Open: $631.36
Close: $613.36