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AAPL -3% On Way To New "Generational Low"?

Tyler Durden's picture


We warned last night of the spike in average trade size yesterday in AAPL's trading - just as we also saw on 9/21 - and the fading VWAP ramps; and today we see AAPL -3% (-6.7% from its highs on Monday) as volume picks up and the renaissance appears to be ending. WWJTD?

Short-term AAPL is down 3% today and -6.7% from Monday's highs - having


And broken back below its 250DMA on heavy volume ($556.60 seems a line in the sand for the close)


and we are testing a key VWAP level...

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Wed, 12/05/2012 - 11:05 | 3035535 slaughterer
slaughterer's picture

We are going to get a death cross on AAPL at $540 support.  Clever. 

Wed, 12/05/2012 - 11:05 | 3035536 mrktwtch2
mrktwtch2's picture

call tim cook..lol

Wed, 12/05/2012 - 11:09 | 3035556 slaughterer
slaughterer's picture

Pelosi will fix this once her husband notifies her what is happening with their personal wealth today. 

Wed, 12/05/2012 - 11:39 | 3035697 smlbizman
smlbizman's picture

apple 2013..redefining gravity....

Wed, 12/05/2012 - 11:58 | 3035781 Robot Traders Mom
Robot Traders Mom's picture

Apple redefining gravity was my first venture into writing...ZH rejected it, but I still put it up the other day...




Wed, 12/05/2012 - 13:18 | 3036151 in-Credible Banker
in-Credible Banker's picture

Not a bad start....

Wed, 12/05/2012 - 13:44 | 3036264 reload
reload's picture

Johny Bravo?....The Johny Bravo, from these parts a while ago?

Wed, 12/05/2012 - 11:05 | 3035538 EscapeKey
EscapeKey's picture

I went to the Apple store in Regent St in London last week. There was a foul stench of smug in the air.

And I couldn't believe the amount of arabs and chinese teenagers literally buying 3 or 4 iphone's in one go. Oh yeah, I'll have a spare one, too.

Wed, 12/05/2012 - 11:10 | 3035565 Sudden Debt
Sudden Debt's picture


Wed, 12/05/2012 - 11:22 | 3035619 The Axe
The Axe's picture

same kids lining up to BUY UGGS in July last year.....BOOM

Wed, 12/05/2012 - 11:06 | 3035540 earleflorida
earleflorida's picture

nokia = affordability

Wed, 12/05/2012 - 11:15 | 3035583 hustler etiquette
hustler etiquette's picture

Exceptional service and response time from the CEO down. Great culture of consumer care.

Wed, 12/05/2012 - 11:21 | 3035613 earleflorida
earleflorida's picture

iDCC = TD to the max which the fin's luv, never mind the Europeans having an open?secret affinity 4...

Wed, 12/05/2012 - 11:06 | 3035541 FLUSA.com
FLUSA.com's picture

Every time I tried to use logic to determine if I should buy an Apple product I determined I had better value options in Samsung/Toshiba/LG etc.... I don't need a fashion statement with my electronics...I just need to get shit done.

Wed, 12/05/2012 - 11:09 | 3035554 Sudden Debt
Sudden Debt's picture

If you want to get things done, DON'T BUY THOSE TIMECONSUMERS and JUST DO IT!!


Wed, 12/05/2012 - 11:07 | 3035547 Super Broccoli
Super Broccoli's picture

No Igadget for christmas ?

Wed, 12/05/2012 - 13:53 | 3036310 reload
reload's picture

Nope: All the teenagers I know seem to be `over` Apple. In fact a lot of them seem to be bored with comms gadgetry and facebook - at last. my eldest recently found a long abandoned Nokia and said `this is kool - it just does phone calls and texts? perfect`. perhaps less is more afterall !

Wed, 12/05/2012 - 11:09 | 3035555 Downtoolong
Downtoolong's picture

10,000 Muppets screamed in the dark, It's CRAAPL Again!

Wed, 12/05/2012 - 11:11 | 3035564 edifice
edifice's picture

Looks like the worm ate its way through the AAPL, to the other side.

Wed, 12/05/2012 - 11:12 | 3035571 Dr. Engali
Dr. Engali's picture

They're going to need a bigger phone and a smaller iPad to pull them out of ths tailspin.....oh wait.

Wed, 12/05/2012 - 14:08 | 3036361 mkhs
mkhs's picture

The other night, the wife sent me out to buy maxipads.  I  stopped by the local apple store, and, to make a long story short,...

Wed, 12/05/2012 - 14:52 | 3036554 Sokhmate
Sokhmate's picture

i anticipate the iPad Maxi - with wings, in 2013.

Wed, 12/05/2012 - 11:20 | 3035611 Shizzmoney
Shizzmoney's picture

I hope AAPL investors lose every single fucking penny.

Wed, 12/05/2012 - 11:24 | 3035628 Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture


Wed, 12/05/2012 - 11:24 | 3035634 Inthemix96
Inthemix96's picture

"For every action, there is an equal and opposite re-action."......


Wed, 12/05/2012 - 11:25 | 3035636 lenovot60
lenovot60's picture

According to Forbes article, AAPL will rally to $800 


Must be a generation buy then /sarc

Wed, 12/05/2012 - 11:28 | 3035648 Mr_Wonderful
Mr_Wonderful's picture

Way, way overpriced stuff. Only to be bought second-hand.

Wed, 12/05/2012 - 12:23 | 3035888 The Final Countdown
The Final Countdown's picture

It's only overpriced if everybody stops buying, that's how capitalism works.

Wed, 12/05/2012 - 11:31 | 3035656 AndrewJackson
AndrewJackson's picture

I hate this stock. My dad is a muppet and got convinced by some hot shot fancy broker go all in with huge leverage at 680 (more to pay commissions on). He got stopped out and ended up losing over 130K. I warned him from the very beginning, but he didn't listen to me (despite my experience in the industry). Sad thing, is there are tons of people out there just like my dad, getting rolled by this stupid casino.

Wed, 12/05/2012 - 13:20 | 3036160 in-Credible Banker
in-Credible Banker's picture

I bought at 85 and sold at 350.  WINNER!

Wed, 12/05/2012 - 14:00 | 3036332 earleflorida
earleflorida's picture

on the flip?side, you lost 100% of top-line profit...

Ps. just wait til the iRS gets its grimey hands on iAAPl's 2013 dividends

Wed, 12/05/2012 - 11:34 | 3035675 monopoly
monopoly's picture

Down 4% on no news. Strange.

Wed, 12/05/2012 - 11:38 | 3035694 Glass Seagull
Glass Seagull's picture

No.  Up 7% on new news is strange.  Down 4% after a dead cat bounce is about right.


Wed, 12/05/2012 - 11:40 | 3035702 Gordon Freeman
Gordon Freeman's picture

"Generational low"! More TD hyperventilation.  I guess a generation is now a few months long...

STFU about AAPL, already

Wed, 12/05/2012 - 11:42 | 3035707 AndrewJackson
AndrewJackson's picture

put your sarcasm hat on and it will make more sense

Wed, 12/05/2012 - 11:45 | 3035725 booboo
booboo's picture

Someone pissed in the fellows Apple Jacks.

Wed, 12/05/2012 - 11:42 | 3035711 soopy
soopy's picture

mega lulz

Wed, 12/05/2012 - 11:43 | 3035713 virgilcaine
virgilcaine's picture

Hedge fund  roach motel..rush for the exit..

Wed, 12/05/2012 - 11:51 | 3035750 Bam_Man
Bam_Man's picture

Keep in mind that AAPL is still up more than 40% YTD. There is a lot of tax-related selling going on here to take advantage of the 15% capital gains rate while it is still in effect.

Wed, 12/05/2012 - 11:56 | 3035765 mdtrader
mdtrader's picture

Oh and ZH missed the move up from $85 to $550 in the last couple of years, but hey let's not mention that lol.

Wed, 12/05/2012 - 11:54 | 3035759 PhoThus
PhoThus's picture

When will AAPL pull their head out and make a phone with a nice big screen like Samsung. They're idiots for not having done so already. What are they possibly thinking

Wed, 12/05/2012 - 12:10 | 3035833 DavidC
DavidC's picture

I don't own any Apple and have no intention of owning any, but a friend of mine (yes, he's into Apple) said the reason they haven't done so is so that one hand can be used to hold it and manipulate it. And, I have to say, that does make sense.


Wed, 12/05/2012 - 12:26 | 3035898 Common_Cents22
Common_Cents22's picture

My new samsung galaxy note2 is huge and i love it.  It has pen stylus that writes as naturally as real pen.

As far as one handed operation, I can do fine.  But they do have a one handed setting that shrinks the keyboard/phone pad etc...a bit and moves it to left or right side of screen whichever you prefer.

The voice input is super slick and accurate.  Press one button and dicate documents, emails, texts etc...

battery life? up to 2 days.    thin and light phone.  still fits in pocket.

The thing is slick.    I'd never consider an iphone until they match the galaxy note2 in screen size, voice input, stylus input etc...   

Wed, 12/05/2012 - 13:02 | 3036092 PhoThus
PhoThus's picture

I think the point is AAPL needs more variation on the iPhone screen size. They've done it with the iPad. What's the hold-up on the iPhone?? Makes no sense, really it doesn't. I don't care if you have large hands or tiny hands, give the buyer a choice.

Fri, 12/07/2012 - 09:35 | 3042155 Common_Cents22
Common_Cents22's picture

Because Steve jobs said so and nobody will cross him postumously.   He was maniacal that the device had to be easily operated one handed.   Who says two handed isn't better ? heheh.

He has already been proven wrong.  The hubris of apple is catching up to them.

Samsung has a setting where you can move the keyboard to the left or right side of screen for easier one hand operation.  

Plus, the voice input is so damn accurate you don't even need to type hardly anything anymore.

Wed, 12/05/2012 - 13:05 | 3036102 tawse57
tawse57's picture

I suspect this will be coming next year - Apple version of the Galaxy Note.

In the past year I have seen numerous female friends move from the iphone to the note - girlies can keep them in their hand-bags.

Huge untapped igirlie market.

Wed, 12/05/2012 - 12:07 | 3035807 Aegelis
Aegelis's picture

"I know this sounds crazy, but ever since yesterday on the road, I've been seeing this shape. Shaving cream, pillows... I know this. I know what this is! This means something. This is important."  - Close Encounters of the Third Kind / Short-Term Stock Speculators

Wed, 12/05/2012 - 12:12 | 3035839 Floodmaster
Floodmaster's picture

Apple :: ARM and other cheap electronic components at a premium price. The best phone is now the nokia lumia 920, the best stock to own right now is NOK. Apple is obsolete.

Wed, 12/05/2012 - 12:12 | 3035841 BurningFuld
BurningFuld's picture

The horror!!!  -4.3%  Ouch!

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