This Week’s 5 Dumbest Stock Moves: Tesla Motors Inc (TSLA)

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3. Another iPhone security bug
Apple Inc. (NASDAQ:AAPL)
gave investors another reason to expect margins to continue contracting this week by lowering the price of two of its Macbooks, but the reason that the world’s most valuable technology made the cut this week rests in its iOS 6.1 bug.

Once again, Apple has released an iPhone operating system upgrade where a simple hack can bypass someone’s passcode protection. Yes, Apple went through this in its 4.1 update, leaving one to wonder if Apple is fully testing its upgrades.

Yes, Apple will be quick to roll out a fix, but Apple’s in a vulnerable spot here. Android phones continue to explode in popularity, especially overseas where they are substantially cheaper than the iPhone. Apple can’t afford to be human. There are too many competitors ready to pounce on every slip.

4. Orange aprons aren’t for picking berries
Research In Motion Ltd (NASDAQ:BBRY) picked a lousy time to lose a major client.

The Home Depot, Inc. (NYSE:HD) is trading in the 10,000 BlackBerry devices that it provides to executives, managers, and corporate staffers for shiny new iPhones.

Yes, BlackBerry’s been losing market share for a couple of years now. However, this diss comes just as BlackBerry is rolling out its new BlackBerry 10 mobile operating system that’s generating some pretty healthy buzz.

Whether Home Depot was waiting on the details of BlackBerry 10 and was left unimpressed or this was something that had been in the works for some time, it still isn’t the kind of news that the smartphone pioneer wants out as it kicks off its turnaround strategy.

5. Log rolling
Shareholders of LogMeIn Inc (NASDAQ:LOGM) are shouting “LetMeOut” after issuing disappointing guidance after Thursday’s market close.

The remote-access services provider is calling for a sequential dip in revenue for the current quarter. Wall Street was banking on improvement. LogMeIn’s profit forecast is also a little more than half as much as analysts figured that it would earn.

LogMeIn’s outlook for all of 2013 is equally disappointing. It’s not a surprise to see investors logging off today.

The article This Week’s 5 Dumbest Stock Moves originally appeared on Fool.com and is written by Rick Aristotle Munarriz.

Longtime Fool contributor Rick Aristotle Munarriz has no position in any stocks mentioned. The Motley Fool recommends Apple, Home Depot, and Tesla Motors. The Motley Fool owns shares of Apple and Tesla Motors.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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