New "Generational Low" For AAPL

Tyler Durden's picture

Unless you bought Apple stock before Valentine's Day this year, you are now underwater. In what must be the best evidence of how quickly a liquidity-fueled over-owned bucket of over-optimistic extrapolation can see sentiment swing violently against it, AAPL just plunged back (on heavy volume) through its previous "generational low" from 11/16/12. At under $505.75 ($505.58), AAPL is at its lowest level since mid-February and is almost 30% off its highs on 9/21/12 as it appears the much poo-poo'd Death Cross may just have been on to something. WWJTD? and do not forget to ask WWDKD?

 

 

The two major selling days when the professionals decided now was the time... middle pane - huge average trade size...