Apple stock: Five fat fingers before noon Friday. What’s the deal?

“With weekly option expirations, trading in Apple tends to get weird at the end of the week,” Philip Elmer-DeWitt reports for Fortune.

“What was the significance of those long red vertical lines in Apple’s (AAPL) 60-second chart Friday a.m.?” P.E.D. wonders. “Were they computer glitches? Human error (so-called fat finger trades)? Something more sinister? Your guess is as good as mine.”

Check out the chart in the full article here.

[Thanks to MacDailyNews Readers “Dan K.” and “Ellis D.” for the heads up.]

10 Comments

  1. I’ve noticed that AH spikes up tend to portend a down day to follow. It seems to happen every time. It’s like the MM’s got the word and are trimg to get out with a good price. Bunch of crooks! Please, no lectures about out of sequence trades.

  2. Amazing how many (millions?) watch the moment by moment movement of AAPL. You are wasting your time hoping for something good to happen. I’ve identified the solution, you are tired of hearing it, so I want repeat it here. You are welcome.

    1. the millions watching the moment-by-moment movement of AAPL are day-traders and don’t give a flying leap about who is CEO or your opinions on the matter.

    2. You have not identified the solution, only what you see is the problem.

      Telling everyone that you must get rid of the darkness is not a solution, it is identifying a problem.

      Telling everyone that they can get rid of the darkness by bringing in the light in is identifying a problem and putting forth a solution.

      It is not hard to conceive how comment has very little to do with the very brief article’s topic but rather is potentially illustrating how you are ready to twist, guide and manipulate any topic to your singular rant.

      http://www.thefreedictionary.com/obsession

      Get a grip sir.

      1. I would certainly like to know what Apple can do about it, if anything. I hate to say it but it appears shareholders will be screwed until the end of time for holding a hard-luck stock whose share value can never be determined. Determining value by only innovation capabilities seems like a crock to me.

        It would seem almost impossible that a company that has gone from medium wealth to stratospheric wealth has a P/E that has shrunk nearly in half in the past five years despite at least two innovative products. That would almost prove it’s not innovation that leads to an increase in Apple’s share value. From what I can tell, there’s almost nothing that leads to an increase of Apple’s share value excepting possibly high market share and extremely high profit margins. Not innovation, not increased revenue, not outright profit and not cash. No Apple shareholder can win against those types of conditions.

        Apple has a unique situation of running a highly profitable company having minimal shareholder value. That is an absurd situation by any standard.

        1. Apple is doing exactly what it does, maintain secrecy and provide great products and operates in the black. This is counter to many other companies that have open roadmaps, provide schlock products and operate in the red. Wall Street may love the latter, but only for so long. Apple did not get to be #1 by following the rules and it’s a volatile stock, but that has never phased me for it keeps growing year after year.

          There is no win over the short term for a stock holder, but the key is to hold over the long term at least in my opinion. Wall Street can only hold a good company back for so long.

          I’ve said this elsewhere but I knew that the stock would take a major hit after Steve Jobs died (I figured that out around his first bout with cancer). Fortunately he’s had time to prepare his legacy, and I am hopeful.

          Either that, or there are two babes in a garage somewhere preparing the next big thing.

          The stock hit over a year is negligible, it’s where the stock will be in 5-10 years that is of concern to me. I’m waiting patiently to see if Apple’s DNA can really deliver, and I am confident that it can.

          I like your posts by the way, gives me food for thought.

          Cheers.

          1. You guys don’t seem to get it (my apologies to those that do)…. We live in a “debt economy”.

            Banks only make money by lending money (your debt). If banks don’t create debt, they have no revenue.

            Any banker dispises companies like Apple.

            Furthermore, it seems like financial models these days use a lot of indicators with hooks into the prime rates because the the rate directly impacts companies which maintain debt.

            These models don’t work with Apple.

            I only wish I knew what did.

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