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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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.

marginnayan's picture

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

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.

August's picture

Hey, plenty of tards live kick-ass lives!

EscapeKey's picture

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

q99x2's picture

Pension fund booboo.

Freddie's picture

They should have invested in Honey Boo Boo.

I am a Man I am Forty's picture

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

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.

 

BORT's picture

What's MSFT for $250, Alex?

hannah's picture

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

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...

hooligan2009's picture

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

http://www.youtube.com/watch?v=_vafxnkWndI

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.

 

Like so: https://www.youtube.com/watch?v=_vafxnkWndI&feature=player_detailpage#t=98s