Apple Plunges $20 At The Open, As Rumors Of COO Departure Swirl

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Tue, 09/28/2010 - 10:00 | 609825 tunaman4u2
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Tue, 09/28/2010 - 10:01 | 609826 The Axe
The Axe's picture

add the HUGE volume on the dip

Tue, 09/28/2010 - 10:01 | 609831 matthylland
matthylland's picture

POMO today in about 15 minutes though, right?
Apple will be saved, don't you worry.

Tue, 09/28/2010 - 10:07 | 609850 taraxias
taraxias's picture

Totally agree, nothing more than a minor glitch in the matrix.

Tue, 09/28/2010 - 11:26 | 610197 ZeroPower
ZeroPower's picture


Like clockwork, check it out. ES in positive territory. Fucking ridiculous.

Tue, 09/28/2010 - 10:08 | 609852 Bill Lumbergh
Bill Lumbergh's picture

Flash Crash 2.0?  Von Havenstein better get the presses warmed up.

Tue, 09/28/2010 - 10:09 | 609857 Pillage
Pillage's picture

Could we see fat finger today?

Tue, 09/28/2010 - 10:10 | 609861 George Costanza
George Costanza's picture

remember 1999 to 2001, when seemed like everyone owned the same 10 tech stocks.   History is repeating.

Tue, 09/28/2010 - 10:22 | 609903 Paper CRUSHer
Paper CRUSHer's picture

Right,when we witnessed the market cap of Cisco approach an outrageously ridiculous $1Trillion.


Tue, 09/28/2010 - 10:10 | 609862 wswarrior
wswarrior's picture (CRM) is even more ridiculous.  $15B market cap on earnings of about $200M.  You can't even use the growth rate to support that out of this world valuation. 

Tue, 09/28/2010 - 10:11 | 609869 Edna R. Rider
Edna R. Rider's picture

Maybe we can get that dishonest clown Tepper to jump in and support the market.

Tue, 09/28/2010 - 10:12 | 609872 Oh regional Indian
Oh regional Indian's picture

Makes sense that appl be the rotten one in the bunch.

They express the worst of consumerism AND Design, all rolled into one. Jobs is the pied piper playing a broken flute.

Of course this could also be a reaction test. How did you react?


Tue, 09/28/2010 - 10:13 | 609873 shushup
shushup's picture

Maybe the PD's will use the gov's money to short the market today? Or are they forbidden to short?


Tue, 09/28/2010 - 10:13 | 609874 Spartan
Spartan's picture

POMO will save us!

Tue, 09/28/2010 - 10:13 | 609875 Id fight Gandhi
Id fight Gandhi's picture

Cook is NOT going anywhere. He's apples back up plan if steve jobs crashes.

Tue, 09/28/2010 - 10:21 | 609900 Rogerwilco
Rogerwilco's picture

Tim Cook got a taste of power when he ran AAPL during Jobs' medical leave last year. The offer from HPQ must be very tempting, he's not getting any younger, and Jobs is gaining weight.

Tue, 09/28/2010 - 10:16 | 609884 goldmiddelfinger
goldmiddelfinger's picture

This has nothing to do w the COO. This has to do with 10 uber-liquid names acting as checking accounts and must owns into quarter end. The lights are on and the cock-a-roaches are running

Tue, 09/28/2010 - 10:17 | 609886 Waterfallsparkles
Waterfallsparkles's picture

Tyler you were right once again in one of your previous posts that when Aapl goes down it will take the Market with it.

It also goes to show that when stocks correct they take no prisoners and give no warning.

Tue, 09/28/2010 - 10:17 | 609887 Dagny Taggart
Dagny Taggart's picture

Could this be more 1400:1 insider selling per chance? How soon is that data released?

Tue, 09/28/2010 - 10:17 | 609888 UGrev
UGrev's picture

Being against slavery, and not knowing how googles' employees are treated, I'm never buying an apple product.. ever.  Hello Android for my 2yr upgrade with VZ. 

Tue, 09/28/2010 - 10:27 | 609918 Dr. No
Dr. No's picture

Not the first time an apple has succumed to gravity.

Tue, 09/28/2010 - 10:37 | 609970 Mesquite
Mesquite's picture

Ha Ha Ha

Ah..The Dance of the Algos...

Tue, 09/28/2010 - 10:29 | 609923 Cvillian
Cvillian's picture

(In Belushi "Toga" voice) POMO! POMO! POMO!

Tue, 09/28/2010 - 10:31 | 609931 Dagny Taggart
Dagny Taggart's picture

AAPL at 10:20am. Hinky. Then the methodical 1 minute steps up...

Tue, 09/28/2010 - 10:35 | 609960 mule65
mule65's picture

Looks like $300 today!

Tue, 09/28/2010 - 10:38 | 609977 -1Delta
-1Delta's picture

Glad i went short the NQ last night....

Tue, 09/28/2010 - 10:42 | 610001 GoldbugVariation
GoldbugVariation's picture

and RIM announced it's iPad competitor at a developer's conference today.  "The RIM BlackBerry Playbook".  Sounds quite rude.

Tue, 09/28/2010 - 10:44 | 610015 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Where's Harry? How is your AAPL doing today? Praying for POMO?

Tue, 09/28/2010 - 11:06 | 610101 MrTrader
MrTrader's picture

Ha, ha, ha. Who are the largest AAPL holders ? :=) Seems, someone simply go rid off its whole inventory.

Tue, 09/28/2010 - 11:10 | 610129 I am a Man I am...
I am a Man I am Forty's picture

Apple isn't cheap, but acting like this growing tech company is somehow ridiculously overvalued is just wrong.  Tim Cook went to Auburn, previous home of the Ludwig Von Misses Institute (still in the town of Auburn).  Tim Cook would be a huge loss to Apple.

Tue, 09/28/2010 - 11:30 | 610217 bugs_
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