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AAPL Trades Under $500 For First Time In 11 Months

Tyler Durden's picture




 

While the furious defense of $500 the second AAPL crossed under the psychological barrier - the first time it did so in regular trading since February 15, 2012 - was promptly launched as otherwise the hedge fund community, which as we reported two weeks ago, and as Bloomberg caught on today, is more levered and long than at any moment in the past 9 years and is mostly invested in AAPL, we expect this intervention to eventually succumb to the inevitable French military campaign conclusion, as not even every HFT algo programmed to lift every offer under $500 can delay the inevitable arrival of a very sad cashflow reality. As for the Bank of Israel which is now about 5% underwater on its AAPL cost basis: don't worry - Ben will bail you out too.

 

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Mon, 01/14/2013 - 10:53 | 3150482 SheepDog-One
SheepDog-One's picture

AAPL! Alas....we hardly knew ye....

Mon, 01/14/2013 - 11:11 | 3150538 Stackers
Stackers's picture

$350 or bust

Mon, 01/14/2013 - 11:19 | 3150558 economics9698
economics9698's picture

Winning!

Mon, 01/14/2013 - 11:35 | 3150602 trav777
trav777's picture

i also seem to recall some silverbugz idiots deriding me for the long Pt/short Au pair trade like $150 ago

Mon, 01/14/2013 - 11:15 | 3150549 monkeyboy
monkeyboy's picture

But they said this company was gonna be worth a trillion dollars...or (almost) 1 Platinum coin in todays value.

What could have been.......

Mon, 01/14/2013 - 11:16 | 3150550 monkeyboy
monkeyboy's picture

Poison AAPL

Mon, 01/14/2013 - 11:23 | 3150571 Stock Tips Inve...
Stock Tips Investment's picture

The market is very (too) pending news and AAPL. Today mentioned that demand for iPhone5 was all by not very strong in certain markets. This naturally generated a sell-off in stocks, quickly affect the price of these stocks. AAPL has a support level around $ 450, but more support is around $ 418. We'll see if it falls to these levels.

Mon, 01/14/2013 - 12:43 | 3150834 Panafrican Funk...
Panafrican Funktron Robot's picture

"AAPL has a support level around $ 450"

No, it doesn't.

"but more support is around $ 418"

Not there either.

AAPL has support at whatever level people decide to stop selling off the fucking thing.  That's support, dummy.  

Mon, 01/14/2013 - 12:04 | 3150485 hedgeless_horseman
hedgeless_horseman's picture

 

 

As for the Bank of Israel which is now about 5% underwater on its AAPL cost basis, don't worry...

...our new Secretary of the Treasury, 0rth0d0X l00, and the iPotus will surely be on the air again, shortly, viridis quo.

 

 

Fascism...

Corporate Power is Protected - The industrial and business aristocracy of a fascist nation often are the ones who put the government leaders into power, creating a mutually beneficial business/government relationship and power elite.

Rampant Cronyism and Corruption - Fascist regimes almost always are governed by groups of friends and associates who appoint each other to government positions and use governmental power and authority to protect their friends from accountability. It is not uncommon in fascist regimes for national resources and even treasures to be appropriated or even outright stolen by government leaders.

http://rense.com/general37/char.htm
Mon, 01/14/2013 - 10:54 | 3150488 Shizzmoney
Shizzmoney's picture

Please crash.  The Schadenfruede alone would be worth it.

WHat happens in this thing goes to 300? 200? Does the Dow finally take its last dive?

Mon, 01/14/2013 - 10:54 | 3150489 jeff314
jeff314's picture

yeah...jew helping jews

Mon, 01/14/2013 - 10:57 | 3150495 buzzsaw99
buzzsaw99's picture

CONgreff give dem zioz billionz bitchez

Mon, 01/14/2013 - 10:59 | 3150497 NoDebt
NoDebt's picture

Just another gadget maker, out of ideas, watching their margins get competed away.

Time to break out the AAPL-MS compario charts.  Lay them on top of eachother so that each of their price peaks is on the same x-axis point and see how they compare.  I'd suspect it would be eye-opening.

Mon, 01/14/2013 - 11:03 | 3150512 EscapeKey
EscapeKey's picture

We're heading back to another day of software being king.

Mon, 01/14/2013 - 11:12 | 3150541 trav777
trav777's picture

aapl had a huge headstart...but the other OS's have caught up and then some.

So if it comes down to who makes the best handsets, Samsung and Nok are in a significantly better position.  They just don't have the logo.

Mon, 01/14/2013 - 10:57 | 3150502 tabasco71
tabasco71's picture

OT sorry....

Could US sell its excess shale gas to China to reduce their air pollution problems and use that cash to repay its outstanding bonds?

 

 

Mon, 01/14/2013 - 12:44 | 3150841 Panafrican Funk...
Panafrican Funktron Robot's picture

Why would the US trade shit with a lot of value (gas) for shit of no value (bonds)?  Real assets at any price, that's the game.

Mon, 01/14/2013 - 10:57 | 3150505 Silverhog
Silverhog's picture

Channel stuffing GM at $30 tells you how over sold this crappy market is.

Mon, 01/14/2013 - 11:02 | 3150511 EscapeKey
EscapeKey's picture

Oversold??? Over the past 2 months, the DJIA has practically moved continuously up? And this means the market is oversold???

I must leave for a CNBC fix.

Mon, 01/14/2013 - 11:21 | 3150562 Yancey Ward
Yancey Ward's picture

I think his intent was to say "over-hyped" rather than to say either "over-sold" (clearly wrong on any measure) or "over-bought" (what you have in mind).

Mon, 01/14/2013 - 11:02 | 3150513 Spastica Rex
Spastica Rex's picture

Wouldn't it by funny if Apple were the next Bear Stearns!?

Mon, 01/14/2013 - 17:08 | 3152052 Belarusian Bull
Belarusian Bull's picture

Afaik, they have loads of cash and virtually no debt. So, from financial point of view, they are solid.

 

But, unless they come up with something new and advanced(which i doubt they will) the company should be worth much less than 500$ per share.

Mon, 01/14/2013 - 11:06 | 3150518 Squid Vicious
Squid Vicious's picture

another generational buying opportunity for the CNBS grease monkey

Mon, 01/14/2013 - 11:06 | 3150521 ericfoster3
ericfoster3's picture

Don't worry.  There is some good news today..

http://news.yahoo.com/feds-latest-actions-boost-growth-prevent-inflation...

 

Doesn't everybody feel better?

Mon, 01/14/2013 - 11:08 | 3150527 gjp
gjp's picture

And zero-earnings AMZN makes another new high.  But Bezos says it's about cash flow, not margins, not earnings.

Oh, I see, Bezos, it's about cash flow.  So why did you have to borrow $3b late last year?

Meanwhile AAPL, that has built up more cash than AMZN's market cap, continues to drop as reality is selectively applied.

Just another day at the casino.  Wall Street figures there are too many AAPL longs and too many AMZN shorts I guess.

Mon, 01/14/2013 - 11:24 | 3150572 Toolshed
Toolshed's picture

Comparing apple to amazon is like comparing an apple to an amazon warrior.

Which would you rather eat?

Mon, 01/14/2013 - 11:34 | 3150598 Widowmaker
Widowmaker's picture

Wow, your timing is perfect, i just got stopped out of my AMZN short this AM...

Looks like another box of silver is due.

Gettin tired of this shit.

 

Mon, 01/14/2013 - 11:10 | 3150534 Its_the_economy...
Its_the_economy_stupid's picture

200 billion in cash, they will opt for the lame share buy back plan.

Mon, 01/14/2013 - 12:38 | 3150811 yrbmegr
yrbmegr's picture

Maybe they're angling to just take the company private.  $200 billion might do it, before long.

Mon, 01/14/2013 - 11:13 | 3150542 edifice
edifice's picture

I called $400 back a couple of months ago, when it first started its decline. Someone else here called $450. I think he's right, but time will tell.

Fap Fap Fapple.

Mon, 01/14/2013 - 11:18 | 3150553 Seasmoke
Seasmoke's picture

hoping for a roundtrip to $35 !!! (it is a long story ....LOL)

Mon, 01/14/2013 - 11:22 | 3150564 Uncle Zuzu
Uncle Zuzu's picture

Ok I admit it, it's MY fault.  I just upgraded from an iPhone 3GS to an iPhone 4 for $0.99 (+ $36 upgrade fee), ignoring the $199+ iPhone 5 offer.  Why would I need all these extra megapixels and a bigger screen?

Stock won't recover until they can prove they can launch another revolutionary product without Steve Jobs.  I have my doubts.

Mon, 01/14/2013 - 11:21 | 3150565 Uncle Zuzu
Uncle Zuzu's picture

Ok I admit it, it's MY fault.  I just upgraded from an iPhone 3GS to an iPhone 4 for $0.99 (+ $36 upgrade fee), ignoring the $199+ iPhone 5 offer.  Why would I need all these extra megapixels and a bigger screen?

Stock won't recover until they can prove they can launch another revolutionary product without Steve Jobs.  I have my doubts.

Mon, 01/14/2013 - 12:36 | 3150806 yrbmegr
yrbmegr's picture

Correct.  So, can we now say that Steve Jobs was worth at least $200 billion to Apple?

Mon, 01/14/2013 - 11:22 | 3150567 adr
adr's picture

But the jOBS movie starring Ashton Kutcher is coming out soon. Seeing a movie about Jitler in action should be good for a $250 spike in AAPL, right?

The pump job of Apple rotated into the pump job of Amazon to paper over losses.

I'm pretty sure Bezos slinks around his office wearing a loin cloth, watching his stock ticker, exclaiming "MY PRECIOUS!!!"

When the stock falls a scream of "NOOOOOOOO!!!" Will be heard throughout Seattle. Losts it, lost, no stolen it was, nasty Bernankeses stoles it, gets it backs I will.

Mon, 01/14/2013 - 11:29 | 3150583 postafoa02
postafoa02's picture

"Apples, apples, what a treat, sweet and tart and good to eat. Apples green and apples red, hang from branches overhead, and when they ripen, down they drop, so we can taste our apple crop."

 

by Helen H. Moore

Mon, 01/14/2013 - 11:35 | 3150600 HaroldWang
HaroldWang's picture

And AMZN at all time highs. Party likes it 1999, kidz!

Mon, 01/14/2013 - 11:41 | 3150614 j0nx
j0nx's picture

AAPL is so concerned with keeping their iOS a closed and secure environment that they are ignoring innovation in the iOS and hardware. Typical behavior in arrogant personalities. Samsung in the meantime is literally stealing their lunch money. Cook has been disasterous for this firm in a short span of time. Almost as disasterous as Ballmer has been for MS and he's still around which tells me that AAPL won't be pulling out of this tailspin any time soon.

Mon, 01/14/2013 - 12:23 | 3150745 I am a Man I am...
I am a Man I am Forty's picture

The stock was trading at $378 the day Jobs died.  So I'm sure you have been short since then.  But anyway, Tim Cook has been running the show for a long time, he is as solid as they come.

Mon, 01/14/2013 - 12:34 | 3150796 css1971
css1971's picture

That explains the iPhone 5 perfectly.

Mon, 01/14/2013 - 12:48 | 3150862 Panafrican Funk...
Panafrican Funktron Robot's picture

"Tim Cook has been running the show for a long time, he is as solid as they come"

Expand on that.  In what sense?  

Mon, 01/14/2013 - 13:55 | 3151205 Freddie
Freddie's picture

Maybe they can get John Sculley back or Gil Amelio or Vin Scully.

Mon, 01/14/2013 - 14:13 | 3151346 Squid Vicious
Squid Vicious's picture

and you have been long since 700, so your point is what exactly?

Mon, 01/14/2013 - 11:43 | 3150616 Racer
Racer's picture

They are really defending that $500 line LOL

Mon, 01/14/2013 - 11:44 | 3150620 the iD
the iD's picture

like the other company that had a patent on quadrilaterals: Polaroid.

like the other company that had mostly empty floor-space between their over-priced tech gadgets: Radio Shack.

see you @ 420$ & the beginning of the neckline.

Mon, 01/14/2013 - 12:18 | 3150647 I am a Man I am...
I am a Man I am Forty's picture

apple traded below 500 pre market not too long ago, quit copying what other news outlets say

 

http://www.thedrum.com/news/2012/12/17/apple-shares-dip-below-500-concer...

Mon, 01/14/2013 - 12:56 | 3150905 Panafrican Funk...
Panafrican Funktron Robot's picture

If you're stupid enough to still be in the markets, at least be smart enough to think like a trader, not a fanboy.

Mon, 01/14/2013 - 11:53 | 3150661 AgAu_man
AgAu_man's picture

Fall, baby, fall!  -My Crow Soft

Fall, baby, fall!  -Happy People

Mon, 01/14/2013 - 12:37 | 3150810 Bangin7GramRocks
Bangin7GramRocks's picture

They do still have that $150 billion nest-egg right? I think that should get them through a rough patch of 50-100 years. It's nice to see hedge fund assholes choke on a dick, but lets be honest. Apple is a well run company that makes beautifully designed and functioning products. The stock may be overpriced, but the company is tits in my world.

Mon, 01/14/2013 - 23:22 | 3153063 MeelionDollerBogus
Mon, 01/14/2013 - 15:19 | 3151698 the grateful un...
the grateful unemployed's picture

can't wait until Dell passes Apple, unless Apple goes private (did I say that?)

Mon, 01/14/2013 - 15:50 | 3151815 stant
stant's picture

the bloody rolling stones .shadooby shattered shattered go head bite the big apple dont mind the maggots

Mon, 01/14/2013 - 21:28 | 3152741 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

People and their iCrap.

Apple = Computers for Liberals & Communists.  The iPad OS is walled off and U're not allowed to mirror most apps to your TV, the exact fucking apps U'd want to mirror.

iDiots.

Tue, 01/15/2013 - 03:09 | 3153401 Lord Of Finance
Lord Of Finance's picture

. . . and the serpent said to the woman, "who told you not to eat of the apple tree?" The woman said, "God told us." The serpent replied,"Do eat of the APPL of this tree, for you will be like God."

                           (excerpts from the book of 'Creation')

 

   . . . so anyway, the dumb bitch listens to the snake, takes a bite and then her dumbass husband(after a brief disagreement, but then realizing that if he pisses her off by not takin' a bite, he won't be getting to remove her figleaf thong for quite a while), sinks his teeth into the APPL. They then realize they are naked.

 

   . . . and very soon all those dumbass investors, who ate of all the APPL shares in mid-to-late 2012 thinking it would continue to go nowhere but up and up, will realize that they too are butt naked, having lost their shirts and pants in this never ending tragedy of an ancient story in the book of 'Money Creation.'

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