“Apple Inc.’s stock is on pace to post its first 10-day winning streak since 2010 as the company moves closer to reclaiming a $1 trillion market value,” Emily Bary writes for MarketWatch.
“With shares up 1% in morning trading, Apple’s market capitalization is poised to cross the $950 billion mark for the first time since the stock cratered in the fall, assuming the current gains hold through the close,” Bary writes.
“Apple shares need to close at or above $212.08 for the company to cross the $1 trillion market-cap threshold once again,” Bary writes. “The last time Apple had a market cap above $1 trillion was Nov. 1, 2018, according to FactSet.”
Read more in the full article here.
MacDailyNews Take: Rinse, lather, and repeat.
Don’t get mad at the manipulators. Understand them, learn to recognize when their playbook goes into effect, and profit from their actions. — MacDailyNews, November 27, 2018
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AAPL is like a buoy. Quick, it’s back on the surface! You there, analyst, and you, too, swim down and tug on the chain! Drag it under… lower, lower… Good! Now, quick, everybody jump on, and we’ll take a ride back up to the top again! — MacDailyNews, January 9, 2012
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At the most basic level, it’s extremely simple: Pump, then dump. Foment, then buy. Rinse, lather, repeat as the SEC sleeps. — MacDailyNews, April 26, 2012
[Thanks to MacDailyNews Readers “Fred Mertz” and “BD” for the heads up.]
Pump & Dump just in time for the “Disappointing” earning on 4/30 and the production cut notifications from Nikkei
Pump and Dump is the name of the games for institution investors and the banks. That’s how they make their money.
We just ride along with them like Dolphins next to the killer whales.
As soon as this news came in, stock took a hit! Amazing! Lost all the gain from today! How crazy is this?
This is a sign where this news needs to propagate to let investors dumps some more $$, then stock climb up (5%-20%) until the end of the month. 36-48 hrs before earning call, big selloff, earning call, AAPL take a another hit! Share goes down 5%-20%, investors re-invest, rince, repeat.
What a fu**ed up system! Jump in if you have the nerve, being doing this for the last 10 years, my Apple products are entierly paid with buybacks…
Another person who commented mentioned it. As soon as this article appeared, Apple’s share price went into the red. I think even mentioning about that $1T valuation puts a curse on Apple shareholders. I’ll bet Apple stock takes another huge hit after this run-up in share price. It’s going to have a duel with Microsoft and Amazon to see which one reaches $1T and actually stays there. I’m still flabbergasted how Microsoft is equally worth as much as Apple but it’s probably just my stupidity on how companies are being valued by big investors. That’s why they’re rich and I’m not.
Called it back when the market was tumbling and the doomsayers were salivating. There was nothing to worry about then and there isn’t now. The fundamentals are in good shape. Buy and hold AAPL.