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...

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Fri, 12/14/2012 - 21:46 | 3065386 Captain Kink
Captain Kink's picture

They are a high cost producer of a commodity product(s).  

Ask the pc makers.  Ask Nokia, Motorola, etc.  Everyone has their day in the sun, but for a finite period.  Remember SONY?  


If AAPL runs to new highs on an apple tv, prepare for the short of a lifetime once that is played out.  Margins, Margins, Margins.

Fri, 12/14/2012 - 17:13 | 3064449 marginnayan
marginnayan's picture

How come CNBC Fast Money Gurus not buying with both hands this new generational low? LOL.

Fri, 12/14/2012 - 17:20 | 3064471 Freddie
Freddie's picture

Didn't CNBC say Apple was going to $1,000?   i don't watch TV as it is for tards who like supporting The Matrix.

Fri, 12/14/2012 - 17:49 | 3064616 August
August's picture

Hey, plenty of tards live kick-ass lives!

Sat, 12/15/2012 - 07:51 | 3065981 EscapeKey
EscapeKey's picture

My first wife was 'tarded. She's a CNBC anchor now.

Fri, 12/14/2012 - 17:20 | 3064475 q99x2
q99x2's picture

Pension fund booboo.

Fri, 12/14/2012 - 17:28 | 3064515 Freddie
Freddie's picture

They should have invested in Honey Boo Boo.

Fri, 12/14/2012 - 17:24 | 3064491 I am a Man I am...
I am a Man I am Forty's picture

I backed up the truck today in apple.  Beautiful double bottom formed.

Fri, 12/14/2012 - 19:22 | 3064930 taraxias
taraxias's picture

Once a fanboy, always a fanboy.

Wheren't you get the guy who was telling us to buy at $700 because it was headed to $1,000 soon?

Yes sir, by gawd, I think you are.


Fri, 12/14/2012 - 17:58 | 3064642 BORT
BORT's picture

What's MSFT for $250, Alex?

Fri, 12/14/2012 - 19:05 | 3064871 hannah
hannah's picture

we gotta drop down to like 490 and then retrace ...then i will feel better about appledropping to 360-400.

Fri, 12/14/2012 - 19:10 | 3064887 Nobody For President
Nobody For President's picture

Who was the 'analyst' predicting APPL would go to $1100 back in September? I want to remember that name, and/or shop, so I can mock them in the future...

Fri, 12/14/2012 - 21:27 | 3065335 hooligan2009
hooligan2009's picture

friday fun...skip to 1 minute 39 to get the real deal on poo poo

Sat, 12/15/2012 - 15:18 | 3066812 Aurora Ex Machina
Aurora Ex Machina's picture

Off-topic tip: if you right click a youtube video at the point you want to start at, and select "Copy URL at current time", the link will skip to there automatically. You can also add #t=Xs where X = time in seconds (e.g. 132 = 2 min 12 seconds in) to the end of an URL to do it manually.

It's a handy short-cut.


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