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AAPL Enters Bear Market
UPDATE: Within the first 90 minutes of the open, AAPL has traded down to under $564 - officially entering bear-market territory (down 3.4% today). These are 5-months lows for AAPL.
From the $705.07 jubilant highs on 9/21, the most widely held stock among hedge funds is sliding in the pre-market very close to its bear-market barrier. A 20% slide from those 'peak AAPL' levels is around $564, less than $10 away. For some this is the buying opportunity of a lifetime as those $1111 price targets and Apple TVs are far from 'priced in'; for others, every VWAP rip is now faded and orderly lines are being formed at the 'get me out of this' window... What was the alpha-generating master-of-the-universe-making stock in the last few years, is now the overweight, over-crowded, waiting-for-the-straw-on-the-camel's-back holding that managers love to hate as their bogeys drift and portfolios plunge. So much for buying high-beta to chase performance eh?
From 915ET this morning
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That which cannot be sustained, won't be. Long anything physical of real value, black markets, and physical PMs...
I'm telling you I posted on this shit yesterday.
http://www.zerohedge.com/news/2012-11-06/markets-verdict-buy-stocks-buy-...
I hope service doesnt get sucky after they crash.
If you really want to fuck with an iphone 5 owner, throw down your S III, or better yet, your Galaxy Note.
It will send the iphone owner out of the building in tears.
Funny thing about apples, if they arent kept clean, dry, coddled, and temp controlled, they tend to rot.
Romney was suposed to win.
I went all in on AAPL last friday.
I'm hosed.
See thats the thing about manias. Men go mad in herds.
You might want to tap the bus driver on the shoulder and ask him if he sees the cliff just ahead...
Need more "thousands hedge funds crying out in terror and were suddenly silenced" memes
GS shareholders selling while the OI and LTCG taxes are still low?
Giant Squid is down -5.5% so far this morning.
Maybe just locking in profits?
Don't worry. They only fired Scott Forstall, the guy who was responsible for the software on the two most popular consumer products on the planet today.
THE IOS OPERATING SYSTEM AND APPLE APPLICATIONS ARE THE ONLY FUCKING PART OF IPHONE AND IPAD THAT ARE 100 PERCENT APPLE DEVELOPED AND APPLE ORIGINAL PROPERTY.
AND TIM COOK FIRED FORSTALL, HEAD OF IOS AND APPLICATIONS, TO INSTEAD KEEP THE GUY THAT DESIGNS ICONS AND BEZELS, AND ANOTHER GUY WHO OUTSOURCES HARDWARE?
GIVE ME A FUCKING BREAK. TIM COOK. MORON OF THE YEAR.
doncha almost get the sense Tim Cook was waiting for Jobs to pass so he could get his normal little hands all over Apple?
Tim Forstall was responsable for the maps fiasco. The article in the WSJ indicated he was blaming Apple's customers for overhyping his POS maps app. He was fired when he refused to own up to his failures.
If you let the top OS guy go because of a trivial media generated snafu you're definitely shooting yourself in the foot. I hope the next in line is competent or that may have been a game-over move.
It wasn't a fiasco except in the minds of the lemming press. Get a brain, fucking press parrot.
http://www.businessinsider.com/ex-apple-employee-on-scott-forstall-leavi...
I've never been an Apple fan boy (since I gave up the Apple II), but with Jobs gone, a certain spirit of real innovation is gone, replaced by tweaking what they have and staying the course.
I am reminded of an old Jules Feiffer cartoon when the ad exec comes home to announce he has been canned, and as his wife brings him his martini says brightly: "At least we have this long way from affluence to slide."
That'll teach the sheep! How dare they vote D!
Guys, O/T but you might all want to keep an eye on gold. Things might get a little funny around 0 diverg:
https://www.quantsig.net/live.html
On a serious note, I'm really asking this because I want to learn. How do I decipher what I see on this chart (because there are a lot of abbreviations)!
Yeah-
The first chart is Apple trading in the pre-market (you have to name a top price (limit order) and someone has to have offered a bid to match) Those get paired and transacted at market open. Apple was dropping and then started a leveling...until the market actually opened then it moved lower...quickly.
The second chart is apple over a longer time-line and shows that the decline continues.
Follow Dennis Gartman on elections & gold.
Samsung cut a deal for the Obamaphones......AAPL is screwed.
That's good... They can call it: oPhone
Hey, I have trademark rights on the oPhone name already.
I'm going to sue their ass.
/sarc
I'm diggin that shitstorm in GOOG - makes for an incredible one-two punch on the hedgies' balance sheets
DOW -300. Hello market? Campaign slogan was "Forward" not "Backward."
A third world apple- it already looks browner.
Already they are renaming the technology as "Gold-Tooth" for the Obama phone upgrade...
They be coordinating their flash mobs and drug deals hands-free now. Along with the BitchTracker app. for the Pimps; look for their efficiency of destroying civilization to increase.
Nope, sorry to disappoint you...
Here in the 3rd world we only cultivate Jonagold. What you're holding there is a USSA strain of Red Delicious.
Holy crap ten freaking up-votes on that pos comment?
ZH can be bizarre sometimes. When I see posts like that I assume the author learned everything they know about black people from Tyler Perry.
where my I-crack niggas at ? Get in there and prop this thing bitchezz!
OH NOEZ! What is Apple....raycis or somethin?
Oh no, there goes modern day crAAPitaLism down the toilet. Who do we sue?
Sorry, your guarantee does not cover water damage to you big apple.
Thank you for shopping with us.
There's still a chance AAPL products could become a direct entitlement or get one of those arbitrary Obamacare waivers.
Which politicians do they own?
Apple is satanic, check the logo.
And Cramer still has a job? What a country!
Yeah, OK, Cramer is wrong about AAPL. But he's correct that silver isn't a "junk metal", right? Hello? [cricket sound]
imagine the trouble in the leveraged HF store who joined the Apple n Google bus madoffly; oh the pain on ending up in capitalist Sing-Sing...if you have to declare your losses to your mafia bosses and investors.
This will end badly like an offer to jump into the Hudson river that the HF managers can't refuse or defuse!
Obama will change the Obama phone to an Apple I-Obama phone....that will fix it
O's first, second-term, executive order should be: apple must do flash on iOS.
the big kahuna wants to watch bballer clips of his fav team.
the stock gets pounded until they open up app delivery.
All very thoughtful comments
Disagree. tha crackas upthread be bangin' for the arayan bros.
MOARons!
iPhone 5 and removing Google Maps fail. What jerks.
But they made one thing bigger and the other thing smaller.
That's innovation!
pods
Whilst suing their vendors. You can't make this shit up.
rookie here...what is VWAP Please?
http://www.google.com/
now why didn't I think of that? thank you
WHAT ... patent trolling isn't working?
Send lawyers, guns and money!
LAUNCH IPHONE 6 NOW!!!!!!!!!!!!!!
THE IPHONE WITH A SMOOTHER GLAS TOUCHSCREEN!!!
The next iPhone needs to be made of gold and capable of shooting lead. It will be a winner.
I keep saying that whoever comes up with the mobile device that fires 9m will corner the market.
Reminds me of several years ago, when Microsoftees came around to my former place of work, trying to tell us why we should upgrade from Win2k to XP;
The primary reason was multiple users could be logged in at the same time (10 years later, and im yet to use that in a professional capacity).
The secondary reason was translucent icons on the desktop (!)
Although XP was by far the best OS at that time, I think MS had reached the "consolidation" stage. Win7 is awesome, but again, not much genuine innovation since XP.
Agreed, they can't even bundle a decent photo or media editor.
And, they make Windows more like Mac; hiding the "guts" of the file system and icons instead of WORDS and file menus.
DUH.
If I couldn't build or buy a PC for 60%-75% less than a prorietary Mac I would have converted already.
Told ya. Gun stocks are hot. And Obama is their best salesman. SWHC and RGR looking good. Got Guns?
When you have everyone in a theater trying to get out at once, out one door, good luck.
The Colleseum in Rome was a masterpiece. Not only can you go to watch people kill eachother, but, it would take less than 15 min. for everyone to get out.
Now...with AAPL.....it's like the average american buying 1 seat on an airplane.....yea...like they can fit on one seat!!!
i don,t know where you get those 15 minutes from....
Did you know, that what determines the average speed of an urban train, is not it's top speed, or it's power, or how fast it is able to accelerate... But the size and spacing of the doors.
Get in there and stick save this Bernanke you fuckin fuck!
+1 for hockey reference
hedge fund hotel welfare babies were hoping for some romney handouts.
Just a bunch of idiots and algos selling. When they are done normal upward service will resume.
Yes, the fact that the market went up yesterday, but then went down today, only tells me that most traders are morons.
Lots of monday morning quarterbacks. Not a lot of people who called it:
Silver Update 4/5/12 Apple Bubble
Silver For The People
http://www.brotherjohnf.com/
"high beta"
don't understand the lingo, don't care to "learn" it..its a bunch of ponzinomics Odummernomics...i called the TOP @ $700..when at 690 posted here on ZH that it was a massive panic short sell (aapl)
when @ 590 made fun of it...then TEMPORARY POP to $610 (YAWN...RIDING shorts & ENJOYING LIFE = spend ONLY 10 minutes/day max watching casino)...now zh says its at 560....i haven't checked my broker # yet...LOL !!!
My guess is that those who are waiting for AppleTV to be the next cashcow innovation from this company will be very disappointed. After observing Apple's complete takeover of the music industry, I can't imagine that the cable and TV will make the same mistakes and give up their turf. Apple is not a bubble based on its current valuations but the world's consumer is a bubble and once it pops, Apple's meal ticket will be burned. As I'm sure most bloggers here will agree, Apple has topped out. I'm just waiting to see how NASDAQ will manage an excuse to decrease its massive weighting in the index.
Somewhere Reggie is smiling...
Methinks he's probably masturbating over the bag of checks he receives from the CIA each month for promoting Gobble.
Good luck resurrecting Jobs, and I don't mean the guy with the rimless glasses.
Smith & Wesson up almost 9%. Ruger not doing bad either.
Priorities priorities
FCUK ME IS DID ANYONE SEE CORN AND WHEAT INCREDIBLE MOVES
Yup :)
Been telling everyone. They can cheat with paper but they can't cheat yield.
Apple was just ordered to pay $368 million in patent case.
Dick Bove before he dicks you.
Dow is down 300 points...Quick, someone call Benny B!
Today's slump in the markets will be termed "Romney's Revenge"...
As the Dow plunges post Nov 6 election we will now see if Bob Janjuah's prediction is solid.
He warned about a reset after election...now may be the time the market truly turns.
I want to join a Hutterite colony, but I'm Catholic and I don't speak German.
Suggestions?
Suggestion:
Set up your own colony on a niece piece of land in catholic Philippines.
Apple Apple sat of the wall,
Apple QE had a great fall,
All the talking horses and all the POTUS's men,
Couldn't put illusion together again...
HUMPTIDNESS
YOU can believe in...I ain't buying jack !!!
let the widows, orphans and demon-rats buy and hold the empty bag !!
Does anyone else mimic Han's voice from Die Hard when saying Mr. Bernanke??
C'mon, give Tim Cook a break, here..
He inherited this mess from his predecessor...
Was gold in a bear market too every time it had a 20% correction over the last 12 years?
To the left, to the left, to the right, to the right
To the front, to the front, to the back, to the back
Now slide, slide, slide, slide
Now slide, slide, slide, slide
I feel a whoop comin on a whoop comin on
5, 4, 3, 2, 1
Come on whoop, whoop, whoop, whoop
Come on whoop, whoop, whoop, whoop
Cotton Candy sweet and low
Let me see that tootsie roll
glancing at the AAPL iOS boards, a lot of people are pissed off on the 6.0+ updates. Terrible battery life. X_X
I'll bet all the hedgies are long(xanax) Pfizer right about now... NASDAQ:AAPL: 562.05 -18.14 (-3.13%) - Apple Inc.
Courtesy of Barack Obama. .. the gift that keeps on giving.
Dems did a good job keeping Hillary off the campaign trail.
Romney got 39% of the votes in his own state. They didn't like him there. That should give everyone a clue.
Tyler's breaking the moving vwap at 580 was key to this!...we are in virgil bear territory now..nothing like a lean nasty bear coming out of his Den!
vc
It really is simple, just make the Obama phone an iPhone.
Systems are fired up... we are still on Sell Signal intrady... I think we're going down to 1380 this afternoon.
Peak iCrap
Tyler's U have been spot on with the "Vwap" ind... I started watching it. Mkt is drawn to it like a magnet and when it breaks it's a major deal.
Jobs is dead. So, how long before the lackeys that ran the company into the ground before Jobs rescued Apple do it again? They can ride the iWave only so long.
"They can ride the iWave only so long".
Steve Wozniak is getting an Australian passport and moving to New Zealand. He's had a good ride on the iWave.
Here is something else to get out of.... Microsoft!
Windows 8 is a disaster. I installed it and regret it. The Redmond guys once again blundered a huge chance. SELL SELL SELL
Markets clear bitchez!
As mentioned, APPLE parabolic weekly & monthly charts are at EXTREME levels.
Downtrend on daily chart continues.
Unfortunately longs will be badly burnt.
http://trader618.com
http://www.zerohedge.com/news/2012-12-24/market-analysis
Windows 8 is one ugly duck.. like a kindergartner designed it! They need to start smoking something up in Redmond get some of that creativity back.
I would like to buy an aapl... it's that China Slave labor thing that i have a problem with and cannot support via their products.
Looks like Apple slipped on a Banana peel