“Apple shares fell sharply immediately after the open, falling briefly to around $275, down about 5.5% from Monday’s close of $291.16,” Matt Phillips reports for The Associated Press.
“Apple is nearly everybody’s favorite stock — and it exerts near planetary gravitational pull on the Nasdaq 100 — any wiggle in the stock’s trajectory attracts a lot of attention,” Phillips reports.
Phillips reports, “We haven’t seen any good explanation for the move yet.”
Full article here.
MacDailyNews Take: Shenanigans: RUMOR: Apple COO Tim Cook leaving to take HP CEO position – September 28, 2010
Profit taking. Pure and simple.
Also, provides a new buying opportunity for investors.
Profit taking. Pure and simple.
Also, provides a new buying opportunity for investors.
We had to have a pull back after so many days up. Time to buy.
We had to have a pull back after so many days up. Time to buy.
Another stock manipulation with high speed transactions to dump the stock and purchase it again at a lower price.
Another stock manipulation with high speed transactions to dump the stock and purchase it again at a lower price.
I have started accumulating again and then the stock brke through it’s range and ran up. last bought just below $240/share and have money parked in a money market waiting for a nice drop in price.
I have started accumulating again and then the stock brke through it’s range and ran up. last bought just below $240/share and have money parked in a money market waiting for a nice drop in price.
Purchase 140 @ $67.82
” width=”19″ height=”19″ alt=”wink” style=”border:0;” />
We’ll be holding on to that a little longer I think
Purchase 140 @ $67.82
” width=”19″ height=”19″ alt=”wink” style=”border:0;” />
We’ll be holding on to that a little longer I think
There are NO good explanations, only bad ones.
There are NO good explanations, only bad ones.
It’s the BS “Tim Cook is leaving for HP rumor.” Now that Jobs is fully back to health, the hedge funds need another means to trash the stock so they can load up before earnings.
It’s the BS “Tim Cook is leaving for HP rumor.” Now that Jobs is fully back to health, the hedge funds need another means to trash the stock so they can load up before earnings.
And 6 days ago, Apple opened at $276.08. Even when they screw around with AAPL now, they really can’t do more than bump it for a moment. I think most people know not to hit the sell button or set automated stop loss on Apple.
So, who is doing this Mr. SEC? Do you care? Will you look? Is anybody home at the SEC?
And 6 days ago, Apple opened at $276.08. Even when they screw around with AAPL now, they really can’t do more than bump it for a moment. I think most people know not to hit the sell button or set automated stop loss on Apple.
So, who is doing this Mr. SEC? Do you care? Will you look? Is anybody home at the SEC?
Tim Cook is possibly Leaving to HP !!!
Tim Cook is possibly Leaving to HP !!!
Pigs might possibly fly!
Pigs might possibly fly!
uh, the BB tablet?
uh, the BB tablet?
The RIM Playbook… that’s what happened.
The RIM Playbook… that’s what happened.
If you overlay all major indices over AAPL’s chart for today, you’ll notice how AAPL is tracking the rest of the market pretty closely.
Apparently, AAPL’s Beta is around 1.4 these days. So, for every 1% swing for other major indices, AAPL swings 1.4%.
CNNMoney reports: “US stocks tumbled early Tuesday after a sharp drop in consumer confidence fueled worries about the pace of the recovery.” Among those US stocks is our Apple.
Over the past months (and years), AAPL has so often been going against the overall market drops, so much so that we now expect that when major indices drop, AAPL continues to go up. Well, it doesn’t do it EVERY time, so every once in a while, when the entire market sneezes, AAPL catches that cold as well.
No manipulation; people are just knee-jerking agin…