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AAPL Hits New 52-Week Lows

Tyler Durden's picture


Apple is under pressure this morning -1.8%. It has broken recent lows and is traversing the gap from 1/24/12 (meaning if you bought at any time after that you are now losing money - and notably relative to the market). These are 13-month lows - great buying opportunity we are assured by Topeka et al. Just think, an iWatch, iTV, iDunno...



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Fri, 03/01/2013 - 10:47 | 3289912 BurningFuld
BurningFuld's picture

The Z10 cometh..................

Fri, 03/01/2013 - 10:50 | 3289919 NotApplicable
NotApplicable's picture


Fri, 03/01/2013 - 10:52 | 3289934 TruthInSunshine
TruthInSunshine's picture


Fri, 03/01/2013 - 10:53 | 3289943 GetZeeGold
GetZeeGold's picture



I'll huff and I'll puff and I'll dollar cost average.


My borker is on a losing streak....but he's due anytime now.


Fri, 03/01/2013 - 10:56 | 3289962 Stackers
Stackers's picture

uh oh, 13988

Fri, 03/01/2013 - 11:01 | 3289985 BLOTTO
BLOTTO's picture

They should call it the - iDick


On January 13, 1946,[3] Gould changed Dick Tracy forever with the introduction of the 2-Way Wrist Radio, having drawn inspiration from a visit to inventor Al Gross. This seminal communications device, worn as a wristwatch by Tracy and members of the police force, became one of the strip's most immediately recognizable icons, and can be thought of as a precursor to later technological developments, such as cellular phones and later watch phones. The 2-Way Wrist Radio was upgraded to a 2-Way Wrist TV in 1964. This development also led to the introduction of an important supporting character, Diet Smith, an eccentric industrialist who financed the development of this equipment.


Fri, 03/01/2013 - 11:07 | 3290013 qqqqtrader
qqqqtrader's picture



Gone Fish'n

Fri, 03/01/2013 - 11:38 | 3290137 Xibalba
Xibalba's picture

Did AAPL invest in silver?  

Sat, 03/02/2013 - 01:19 | 3292813 Spigot
Spigot's picture

Steve Jobs died just in time, it seems.

Fri, 03/01/2013 - 11:11 | 3290025 Divided States ...
Divided States of America's picture

Fixed in a jiffy. 14025


but Crapple still tanking.

Fri, 03/01/2013 - 11:00 | 3289981 kliguy38
kliguy38's picture

Don't worry about AAPL just buy more and tuck it away.....pull it out in a year and it should be200......then you can double down again........hey...its a "great" company"

Fri, 03/01/2013 - 10:53 | 3289944 Kaiser Sousa
Kaiser Sousa's picture


Sat, 03/02/2013 - 04:18 | 3292985 matrix2012
matrix2012's picture

And... iBuymoregoldbars  ;)

keep on stacking dudes....don't give a slightest damned care to all the shitty news: S&P500 ups&downs; iCraps, Farcebook and other Dot-Illusions; Rob-Ben-Hood; Abenomics; Godmanite global squid networks, etc etc... all are just smokes and screens against the real shiny Extra-Terrestrial material!


Fri, 03/01/2013 - 10:51 | 3289936 WayBehind
WayBehind's picture

$200 next ...

Fri, 03/01/2013 - 10:53 | 3289950 Dr. Richard Head
Dr. Richard Head's picture

There is an Adam and Eve joke in here some place...

Fri, 03/01/2013 - 11:16 | 3290041 rogeliokh
rogeliokh's picture

Slomo ponzi Market, No Volume, No VIX

Banksters pushing buttons. F*cking Rally, based on fiction.


Fri, 03/01/2013 - 10:50 | 3289933 EscapeKey
EscapeKey's picture

as is the samsung galaxy 4

Fri, 03/01/2013 - 11:49 | 3290174 Crash Overide
Crash Overide's picture

*yawns*   My Galaxy S3 is pretty nice if you're into the whole smartphone thing.

Fri, 03/01/2013 - 14:20 | 3291002 css1971
css1971's picture

Samsung are about to jump the shark, in much the same way as Apple.

Fri, 03/01/2013 - 11:26 | 3290082 FL_Conservative
FL_Conservative's picture

Well, it's now OFFICIAL!  We've ween the market top, as the squid has spoken:

Fri, 03/01/2013 - 10:49 | 3289921 CheapBastard
CheapBastard's picture


Fri, 03/01/2013 - 11:03 | 3289998 Sudden Debt
Sudden Debt's picture

THIS bullish Apple iNvester says it will go to 1000$!!

Fri, 03/01/2013 - 12:05 | 3290251 Never One Roach
Never One Roach's picture

"Oh, somewhere in this favored land the sun is shining bright;
The band is playing somewhere, and somewhere hearts are light,
And somewhere men are laughing, and somewhere children shout;
But there is no joy in Mudville - mighty Casey has struck out."

Fri, 03/01/2013 - 10:49 | 3289922 buzzsaw99
buzzsaw99's picture

Einhorn was buying while insiders were selling. haha!

Fri, 03/01/2013 - 12:03 | 3290241 Freddie
Freddie's picture

Hope & Change finally hitting the average idiot.   Unless iFools can buy iCrap with EBT/SNAP cards - Apple is going lower.

Fri, 03/01/2013 - 10:49 | 3289924 whoknoz
whoknoz's picture

...I gotta go now...

Fri, 03/01/2013 - 10:51 | 3289925 Edward Fiatski
Edward Fiatski's picture

Can't go any lower, the bottom hit, cheap stock, penny stock, low P/E, BTFD etc. /sarc

Fri, 03/01/2013 - 10:49 | 3289926 Super Broccoli
Super Broccoli's picture

does 52 weeks sounds longer or shorter than a year ?

Fri, 03/01/2013 - 10:55 | 3289955 fuu
fuu's picture


Fri, 03/01/2013 - 10:59 | 3289971 Dr. Engali
Dr. Engali's picture

Are we counting leap years? And are we using the Gregorian calender or the Julian calender? Because if we are using the Julian calender then yes 52 weeks sounds longer.

Fri, 03/01/2013 - 10:51 | 3289928 ebworthen
ebworthen's picture


Someone needs to put together a collage of all the MSM pumpers talking about AAPL to $1,000.

Mustard seeds, green shoots, this recovery is amazing, it's 1983 all over again, Normal Rockwell and FDR brought back from the dead, and all that.

Fri, 03/01/2013 - 11:07 | 3290012 EscapeKey
EscapeKey's picture

i thought i'd read some of those for the hell of it, but got bored as they're just another list of people talking their book

Fri, 03/01/2013 - 11:17 | 3290045 ebworthen
ebworthen's picture

Thanks for that.

Redemption for getting flamed by the Apple accolytes when I told them to sell at $600, $650, $700 - because the Copernicus of Cupertino (Steve Jobs) was gone and AAPL had peaked, take you profits now!  Oh well...

Fri, 03/01/2013 - 12:16 | 3290333 Bam_Man
Bam_Man's picture

You left out that Cody Willard numbnut. He was pumping $1,100 very hard right up to the iPhone 5 launch. Not a peep now for months.

Fri, 03/01/2013 - 11:03 | 3289995 ParkAveFlasher
ParkAveFlasher's picture

I'm imagining Norman Rockwells, but with zombies.  Nice image for a Friday.

Fri, 03/01/2013 - 10:50 | 3289929 swissaustrian
swissaustrian's picture


Fri, 03/01/2013 - 10:50 | 3289931 Super Broccoli
Super Broccoli's picture


Fri, 03/01/2013 - 10:50 | 3289932 thewhigs
thewhigs's picture

Serves all those bag-holders such as Einhorn well. What makes it all the funnier is Einhorn wants some kind of "dividend" but what good is a few % dividend if the stock plummets by 30%-40%-50%??

Fri, 03/01/2013 - 10:51 | 3289935 ghostzapper
ghostzapper's picture

Bernanke gave the order a while ago to throw in the towel on this one.

Now AMZN . . . . well that's a different story.  Some outside forces are still trying to keep the dream alive by attempting to keep that fat, bloated piece of shit above its 50DMA. 

Fri, 03/01/2013 - 10:52 | 3289940 Super Broccoli
Super Broccoli's picture

Bearnanke ?

Fri, 03/01/2013 - 10:53 | 3289942 slaughterer
slaughterer's picture

There will be an irrational AAPL rumor shortly to pump the price to 440 support today.   You can set your iWatch to it.  

Fri, 03/01/2013 - 11:49 | 3290176 GeezerGeek
GeezerGeek's picture

Apple shouldn't use 'iWatch' as a product name. That has been appropriated by the NSA for their Stellar Wind project. Of course, like many laws passed by the Feds, they refuse to let anyone know of this action.

Fri, 03/01/2013 - 10:53 | 3289947 Dr. Engali
Dr. Engali's picture

Yeah but they are thinking about working on exciting things and stuff.

Fri, 03/01/2013 - 10:54 | 3289949 jover
jover's picture


Fri, 03/01/2013 - 10:55 | 3289956 pragmatic hobo
pragmatic hobo's picture

from what I understand aapl can pull fed and create something out of nothing by splitting their shares.

Fri, 03/01/2013 - 10:55 | 3289959 Smiddywesson
Smiddywesson's picture

But, but, but, what about the story?  Billions in cash.  And look at the market share.  The Century of China was supposed to be The Century of Apple.

LOL, the revenge of Reggie Middleton continues.

Fri, 03/01/2013 - 10:55 | 3289961 Inthemix96
Inthemix96's picture





Fri, 03/01/2013 - 10:55 | 3289963 Longtermnotreally
Longtermnotreally's picture


Fri, 03/01/2013 - 10:56 | 3289967 Sutton
Sutton's picture

It's as if they announced the launch of an airline.

Fri, 03/01/2013 - 10:57 | 3289970 Uncle Zuzu
Uncle Zuzu's picture

Dudes, DUUUUDES, I recently got an upgrade to an iPhone 4 for $1 from AT$T.  It's not a 4S or a 5, but why should I care?  the 4 has more functionality than I will ever need.  I know the 5 is better, but not $200 vs. $1 better.  What does that tell you?  AAPL margins are heading down.  And that's not even talking about competition.

Fri, 03/01/2013 - 11:32 | 3290109 edifice
edifice's picture

Dude, totally.  I'm still rocking my iPhone 4; it's radical.

Fri, 03/01/2013 - 10:57 | 3289972 Spastica Rex
Spastica Rex's picture

What if we just required everyone who goes to college to puchase a new iDevice every year? It could be a mandatory part of every college loan. Win-win for everybody. To be fair, you could levy a fine against those who chose not to buy one and then send the procedes to the Fed.

What's good for Apple is good for America.

Fri, 03/01/2013 - 11:08 | 3290015 Dr. Engali
Dr. Engali's picture

I think an iDevice should be implanted upon birth..that way our youth can start consumption patterns at an early age. The sooner we make debt slaves out of them the less trouble they will be.

Fri, 03/01/2013 - 11:12 | 3290029 Spastica Rex
Fri, 03/01/2013 - 16:08 | 3291374 mkhs
mkhs's picture

It would, of course, be unconstitutional. However, the supremes would just change it to a tax and al is right with the world.

Fri, 03/01/2013 - 10:58 | 3289974 Winston Churchill
Winston Churchill's picture

Time for a mergr with Facebook.

Fri, 03/01/2013 - 10:59 | 3289979 Sudden Debt
Sudden Debt's picture

I... SEE..... NO.... BUBBLE.....


Fri, 03/01/2013 - 10:59 | 3289980 Broomer
Broomer's picture

Disclaimer: I'm not a fan of Apple products, and never will be.

My two cents on this. They destroyed their brand, churning too much models in a short time, and saying they will make cheaper models.

It's like Rolls Royce suddenly saying they would sell "value" versions of their cars.

They could have a stable, nice cash inflow. But no, let's grow, grow, grow.

Fri, 03/01/2013 - 11:16 | 3290043 Buckaroo Banzai
Buckaroo Banzai's picture

"Too much models (sic) in a short time"??? By that logic, Samsung should be bankrupt.

Fri, 03/01/2013 - 11:31 | 3290107 Broomer
Broomer's picture

I apologize for my poor English, it's not my first language.

Apple is a luxury brand. You are supposed to always own the latest model. People got tapped out trying to keep up.

And because of the shorter development cycle, the latest models are not so different from the old one. No incentives to buy.

And because most of the younglings already own one, they no longer have that "Look, I have one any you don't" thing.

Fri, 03/01/2013 - 13:11 | 3290713 Arisu
Arisu's picture

I guess no one could have expected that the stuff would lose its appeal when everyone has it, especially when considering that Apple's success grew out of an user base that wanted to feel different, special, and superior:

Fri, 03/01/2013 - 14:11 | 3290969 css1971
css1971's picture

Samsung have also peaked. Just watch.

Fri, 03/01/2013 - 11:56 | 3290211 GeezerGeek
GeezerGeek's picture

Mercedes continues to thrive despite having the 'value' version, the C-class, and (even worse) making things like garbage trucks. (At least they used to. I remember a certain sports car magazine that likes to test weird stuff for their April issues. One year the headline was about a "12 liter Mercedes GT". GT as in 'garbage truck', it turned out. They even did a road test.) 

Fri, 03/01/2013 - 11:01 | 3289986 dobermangang
dobermangang's picture

They need an iPhone or iPad made of gold and silver with the ability to shoot bullets.  Their stock would soar.

Fri, 03/01/2013 - 11:02 | 3289987 razorthin
razorthin's picture

Good.  I'll get a better price on a MacBook Pro.

Fri, 03/01/2013 - 11:30 | 3290103 edifice
edifice's picture

Keep dreaming, buddy.

Fri, 03/01/2013 - 11:02 | 3289988 Paper CRUSHer
Paper CRUSHer's picture

The long awaited icasket has just hit the market.

Fri, 03/01/2013 - 11:01 | 3289989 Smuckers
Smuckers's picture

It's ok....I can still hear violins strumming on the deck.


Fri, 03/01/2013 - 11:02 | 3289993 eclectic syncretist
eclectic syncretist's picture

This is looking more and more like a major market top.  Glad to see PMs trading against the grain of that already.

Fri, 03/01/2013 - 11:03 | 3290000 razorthin
razorthin's picture

Uh, no.  Chairsatan just entered the room

Fri, 03/01/2013 - 14:45 | 3291098 Smiddywesson
Smiddywesson's picture

Yup.  The risk on/risk off trade is a go.  The last three years this index has shown it's not "Sell in May and go away" it's really sell in March and come back at the bottom in late August through mid-Sept.  Three years in a row, and with stocks marching in lockstep with the Euro, and the Euro putting in a top, it doesn't look like it's going to be any different this year.

Fri, 03/01/2013 - 11:03 | 3289996 thismarketisrigged
thismarketisrigged's picture

and somehow, the dow was down 116 at its low and 15 minutes later its only down 35 on no fucking good news worthy of that.


its like bernanke saw it getting out of hand and decided to buy it up again.

Fri, 03/01/2013 - 11:03 | 3289999 Yen Cross
Yen Cross's picture

  It's funny how -1.6% looks like a lot more when your stock is trading in the low 400's, as opposed to the low 700's.

Fri, 03/01/2013 - 11:04 | 3290002 LawsofPhysics
LawsofPhysics's picture

buy you fucking muppets, buy!

Fri, 03/01/2013 - 11:05 | 3290005 eclectic syncretist
eclectic syncretist's picture

Surest sign of a market top yet.  Goldman bitch Abby Joseph fucking Cohen advises investors to go all in right now.

Fri, 03/01/2013 - 11:17 | 3290046 ziggy59
ziggy59's picture

The mummy speaks again? Cripes... I am always stunned how these evil schmucks recycle the cling-ons and give them air time. These are the very same a$$wipes that have brought us to this present fiasco, over and over again.

Fri, 03/01/2013 - 11:08 | 3290016 Iam Rich
Iam Rich's picture

Well this means gold will be cheaper.  Seems we have an article a month about taking gold profits to cover AAPL margin calls.  Cuz y'know the big AAPL guys are loaded with gold also.  Makes perfect sense.

Fri, 03/01/2013 - 11:11 | 3290022 Everybodys All ...
Everybodys All American's picture

Don't short this ponzi market.

Fri, 03/01/2013 - 11:11 | 3290024 Temporalist
Temporalist's picture crumble.

Fri, 03/01/2013 - 11:29 | 3290096 edifice
edifice's picture

Nonsense, Apple Bearclaw... Mmm....

Fri, 03/01/2013 - 11:13 | 3290033 buzzsaw99
buzzsaw99's picture

Goldman just rang the bell, it is dead certain that the top  is in:

Fri, 03/01/2013 - 11:14 | 3290038 medium giraffe
medium giraffe's picture


Fri, 03/01/2013 - 11:15 | 3290040 What is The Hedge
What is The Hedge's picture

If you haven't looked at Blackberry you may be missing some of the story. Competitive pressure is going to hammer Apple margins. The new Blackberry Z10 is selling very well this first month after launch. Also, the unbiased checks of sellers in the UK and Canada reveals that 30-40% of the Z10 buyer is someone converting from Apple or Samsung.

Fri, 03/01/2013 - 11:35 | 3290070 Floodmaster
Floodmaster's picture

Fastest ARM chips are comparable to Intel’s slowest Atom chips,people are no longer paying premium prices for Pentium 4 performance, IFart apps era is gone.

Fri, 03/01/2013 - 12:06 | 3290260 GeezerGeek
GeezerGeek's picture

At least a Pentium 4 could keep a cup of coffee nicely warm. And if we limit our discussions to smartphones, the Atom has not found its way into them, at least not in the US. Maybe the CloverTrail+ version will eventually change that.

Fri, 03/01/2013 - 14:05 | 3290943 css1971
css1971's picture

No you don't get it. It's operations per Watt.

Yeah you could put an 8 core AMD Bulldozer in there, but dragging the power cord behind you will be a bitch. Smartphones absolutely suck donkeys on battery as it is.

Fri, 03/01/2013 - 11:23 | 3290071 Morphine Drip
Morphine Drip's picture


Fri, 03/01/2013 - 11:24 | 3290072 Yperkeimenos
Yperkeimenos's picture

The moral of the case: "You cannot sue your way to success"

Fri, 03/01/2013 - 12:00 | 3290078 Element
Element's picture


This is what relentless drone attacks and ridiculously belligerent financial,and economic sanctions gets you, a project to inject Asia with oil. BTW, a project that will be backed by at least three or four other nuclear powers ... so not really a good look for US hegemony. (I'm sure John Cohen will manage to make it look much worse soon though). 


Pakistan-Iran pipeline work 'to begin on 11 March'
1 March 2013 Last updated at 15:01 GMT
Iran"s President Mahmoud Ahmadinejad (L) shakes hands with Pakistan"s President Asif Ali Zardari upon his arrival for a meeting on February 27 President Zardari visited Tehran earlier this week
Work on a gas pipeline between Iran and Pakistan will begin on 11 March, Pakistani officials say.
The project has led US officials to warn that it may fall foul of sanctions on Iran's nuclear programme.


ha! ... no shit Sherlock!? ... I'm pretty sure that was the intension!

It's not just the Arabs and NATO who can play the strategic pipeline and resources card. The diplomatic blow-back is going to just keep on coming.

Fri, 03/01/2013 - 12:08 | 3290272 GeezerGeek
GeezerGeek's picture

Are pipelines vulnerable to drone attacks?

Sat, 03/02/2013 - 04:05 | 3292970 matrix2012
matrix2012's picture

'the other invigorating energy development news...

Xi Jinping visits Moscow to raise the prospects of between China and Russia’s energy deals [2013-3-1]

Xi Jinping has picked Moscow as the first foreign capital he will visit as Chinese president, raising hopes that Russia and China will finally agree the terms of a gas supply deal that has been in the works for more than six years. Gazprom sees the fast-growing Chinese market as critical to its plan to globalise Russian gas trade, but has so far been unwilling to reduce gas prices enough get China to sign up for supplies.

But with rival Russian gas producers suddenly courting China, Gazprom may have to cave in. A string of Russian officials have been in Beijing this month in a flurry of energy diplomacy ahead of Xi Jinping’s Moscow visit. Among them was Alexander Medvedev, deputy head of Gazprom, who met the Chinese National Petroleum Corporation on Wednesday to try to break a deadlock in negotiations of a deal that would see Russia supply up to 68bn cubic meters a year of gas to China through new pipelines across Siberia.

Medvedev is known as a tough negotiator and secured an agreement that Gazprom and CNPC would “intensify negotiations” in the coming months with the goal of signing a gas purchase and sales contract by the end of 2013, Gazprom said in a statement. That sounds hopeful but Gazprom, encouraged by the Kremlin which is eager to see Russian gas trade diversified beyond Europe, has set similar deadlines in the past only to be disappointed.

Arkady Dvorkovich, Russia’s deputy prime minister, sounded a note of caution in Beijing this week, saying that although talks about a pipeline gas contract with China had faltered, Russia was working on a separate LNG deal with the Chinese. Medvedev also moved to broaden the scope of Gazprom’s engagement with CNPC beyond pipeline gas, discussing the possibility of the Chinese company cooperating in the Vladivostok LNG project on the Russian Pacific. Gazprom took a final investment on the Vladivostok project last week and will push ahead with plans to liquefy gas from vast new fields in east Siberia for export to markets in the Asia Pacific.

Meanwhile China is being courted by other Russian gas producers eager to break into the world’s fastest growing gas market. Only last week Igor Sechin, the chief executive of Rosneft, was in Beijing for gas talks that could eventually challenge Gazprom’s monopoly over Russia’s foreign gas trade. Among other energy deals discussed by Sechin was a plan for Chinese companies to participate in gas developments off Sakhalin Island in the Russian far east.

In yet another development Reuters reported on Wednesday that Novatek, Russia’s second biggest gas producer after Gazprom, was considering inviting China to join the Yamal LNG project in Arctic west Siberia. Novatek has teamed up with Total in Yamal LNG but is looking for additional partners to help finance the $20bn scheme. China has been trying to gain a foothold in Russian oil and gas developments without much luck so far. Rosneft and Novatek appear to have grasped that upstream deal could be a carrot to persuade China to sign up for Russian oil and gas supplies.

Gazprom has been in a position to be patient in Chinese gas talks thanks to its monopoly over Russia’s foreign gas trade. But with Rosneft and Novatek pushing the Kremlin to liberalize LNG exports, Gazprom now faces the worrying prospect of a race for access to the prize Chinese gas market. China has secured LNG from Australia, the Middle East and South America as well as pipeline gas supplies from central Asia and can still afford to play a long game when negotiating with Russia. Whatever direction Russia-China gas talks take in Moscow, Xi Jinping will have the upper hand.  [ Mar 1, 2013]



Rosneft, Gazprom Close to Landmark Oil and Gas Deals with China (2013-02-27)

Russian state-owned energy companies Rosneft and Gazprom moved closer to landmark deals with China, urged by President Vladimir Putin to forge deeper ties with Asia's growing energy markets.

Gazprom said it had agreed with China National Petroleum Corporation to sign a deal by year-end to supply it with gas. Rosneft, a senior minister confirmed, is in talks with China for a major loan, which would be secured by an increase in oil supplies.

Putin, who closely oversees Russia's big energy deals, has told the state-energy majors to look East as Europe seeks to reduce energy dependence on its former Cold War enemy.

Gazprom's gas exports to western Europe and Turkey fell 7 percent last year to 139 billion cubic meters as the euro zone's economic crisis sapped demand.

Russia, the world's top crude producer, pumps 300,000 barrels per day of oil by pipeline to China.

But Moscow has been unable to secure a deal to pipe gas to China due mainly to differences on price and on routes.

On Wednesday Gazprom, the world's largest gas company, set a new deadline for completing the talks — the end of this year.

"Gazprom and CNPC agreed to intensify the talks on Russian natural gas supply via the eastern route with the aim of signing a purchase and sale contract by the end of 2013," Gazprom said.

China is trying to secure more sources of gas, including from Turkmenistan, as its demand is expected to quadruple by 2030.

Gazprom previously said supplies from Russia could be split, with 30 bcm per year coming from Gazprom's existing western Siberian fields and a further 38 bcm per year from its far eastern fields.

Its proposed Eastern route would include transport of gas via a pipeline along the Pacific coast and shipment of LNG on tankers at sea. Gazprom plans to launch a gas liquefaction plant near Vladivostok in 2018 with initial LNG output of 10 million to 20 million tons (up to 27 bcm) a year.

Gazprom said it discussed the Vladivostok LNG project with CNPC, without elaborating.



Sat, 03/02/2013 - 04:20 | 3292983 Element
Element's picture

The interesting thing in all these big energy flow moves is the Arab states are suddenly losing geopolitical and economic leverage, and surprisingly quickly. The scale of the US-Canadian-Australian energy booms are also quite a surprise, that's still to make its mark in market prices (WTI Brent and TAPIS remain so high even in widespread contraction) but they increasingly will from 2014 and 2015 as large scale production development projects finally start exports and supply exceeds demand elsewhere. This may become a serious problem for Arab economies and other OPEC states.

I suspect this is a significant part in why the Saudis want to incite and pursue war and annexations, while they're still in a position to cement some lingering domination over the sectarian competition in the region.  Iran in particular may be suffering severe economic sanctions but they will rise again when sanctions are forced to be lifted (and they will force this to occur). But within this present generation the Saudis economy will sink into the sands and won't rise again. And they know it. So they intend to use their radical, numerous and young cannon-fodder to obtain a better strategic position, in the interim.

Sat, 03/02/2013 - 05:02 | 3293014 matrix2012
matrix2012's picture

It surely will be a great pleasure to witness the complete ousting of the wicked Haus of Saud, flat to earth, in not too distant future.

They have been inflicting enough crimes against humanity to deport all them to helluva sink holes. A full blowback by its very own people may serve the best interests of mankind.

Fri, 03/01/2013 - 11:26 | 3290081 Downtoolong
Downtoolong's picture

great buying opportunity we are assured by Topeka et al. Just think, an iWatch, iTV, iDunno...

How about iShort Topeka.

Fri, 03/01/2013 - 11:26 | 3290085 Pseudo Anonym
Pseudo Anonym's picture


Fri, 03/01/2013 - 11:28 | 3290094 adr
adr's picture

Tim Cook just isn't a psychopathic dictator like Jobs. It is an odd thig how millions of peple will follow a dictator blindly, just because. Look at Obama.

Jobs told people buying an Apple product would change their life, like any cult they obeyed their master. YES LORD JOBS, WE WILL BUY.

When the leader is killed or dies, it is amazing how fast the whole thing falls apart. Apple was never about the product, it was about the image. Jobs believed he was above human, but under a god. In buying Apple the consumer could transcend from average human to a higher level of existence. THE APPLE SMUG. With Jobs dead the zombies awoke from the trance and many realized under the pretty wrapper, the product actually sucked.

I loved pulling out my three year old Galaxy S when iSheep claimed how great siri was. They would say "find a chinese restaurant" and show me. I'd hit the voice button on my Galaxy and say "find chinese restaurant" and low and behold the same thing showed up on my screen. Sure my phone didn't talk, but Android had voice search since the beginning. I also paid $1 for the phone.

Apple has lost its core, the company is now hoping gimmicks will be enough to carry them.

Fri, 03/01/2013 - 11:56 | 3290214 ParkAveFlasher
ParkAveFlasher's picture

+1 Nice wrap up!!! 

So that offshore cashpile is kind of like the David Koresh compound in Waco, Texas.  Where there's smoke, there's fire!

Fri, 03/01/2013 - 12:46 | 3290526 ItchyBeard
ItchyBeard's picture


Fri, 03/01/2013 - 13:12 | 3290624 TWSceptic
TWSceptic's picture

Ignorant Apple hater, you just don't get it. Probably never even used a single Apple product in your life. We Apple users don't buy Apple because someone told us to, we buy it because we like to use it.

The ignorance, stupidity and hate coming from pathetic Windows/Samsung users like yourself is just shameful. Without Apple there wouldn't even have been a decent smartphone, tablet or mp3 player. They all copied the innovator and market leader, especially cheap plastic producer Samsung.

This correction in Apple is as normal as the correction in gold. Actually there may be a little correlation there. Great buying opportunity.

Fri, 03/01/2013 - 15:10 | 3291187 Smiddywesson
Smiddywesson's picture

"Without Apple there wouldn't even have been a decent smartphone, tablet or mp3 player. They all copied the innovator and market leader, especially cheap plastic producer Samsung."

Even if that's true, all innovators expand until a combination of their competitors catching up and their businesses becoming too big and uncompetitive causes them to shrink or fail.  Your quote about copycats reeks of moral outrage, but the market doesn't care at all about morals.  This is how it's always done.

Not to disparage the dead, but he wasn't all that likeable.

Apple had it their own way for years, telling their customers my way or the highway.  For example iTunes sucks, and I don't like the way I can't move the files I paid for where and when I want.  So naturally, that engenders some dislike, and those customers now have a choice.

There were great buying opportunities when reality caught up to all the leaders of the past.  Of course, it didn't work out so well for those buyers. 

Fri, 03/01/2013 - 23:38 | 3292582 Element
Element's picture



"Without Apple there wouldn't even have been a decent smartphone"

Dude, if you think that qualifies as a success I can't help you. Smart phones are the digital-pox and mass societal madness of our age. Plus many companies were making PDA's with phone, fax and internet connections long before the iPOS iPhone came along. 

What alleged smartphones certainly did do though was destroy the much more useful vanilla telephone, and provided a common ubiquitous insideous means for any Govt or even private organisation to use cameras and microphones to spy one us at any time and in any location, with no notice, and no legal constraints, and no fear of just reprisals.

Completely immoral.

And all the retarded and suckered techy fools dupes and retarded useful-idiots like you lapped it up and thought it was just 'effin marvelous.

W A N K E R !!

Fri, 03/01/2013 - 13:38 | 3290845 Freddie
Freddie's picture

Apple is like Obummer - polished turds.  Apple stuff is expensive commodity junk and Amerika had a chance pre-2008 but the country is now finished. 

Fri, 03/01/2013 - 11:30 | 3290101 orangegeek
orangegeek's picture

AAPL puts are going CRAZY!!!!

Fri, 03/01/2013 - 12:04 | 3290250 thorgodofthunder
thorgodofthunder's picture

I disagree.  Apple was a leading in industrial design.  The metallic finish and other materials definitely stood out when the iPhone 4 was introduced.  Not much as changed since and Samsung has definitely caught up in many respects though I'd agree that the iPhone is a more user friendly device than any Android notwithstanding superior capabilities from the Android.  The Z10 is a piece of crap.  RIM has only the Q10 to save it now and it's not looking good as they really alienated their core market but trying to imitate the iOS environment with the BB10.


Does anyone see a quick Apple bounce coming?  Any advice on a good entry point?  I'd like to jump in and out for a quick trade.  Thanks for your responses.

Fri, 03/01/2013 - 12:24 | 3290376 Bam_Man
Bam_Man's picture

This pig may be worth a look when (not if) it trades in the mid-$390's. Probably within the next  two-three weeks.

Fri, 03/01/2013 - 12:36 | 3290452 thorgodofthunder
thorgodofthunder's picture

so you don't even see a pop back to $440 first?

Fri, 03/01/2013 - 12:56 | 3290606 Bam_Man
Bam_Man's picture

This pig is a hedge fund plaything. It could pop to $440 in the next 15 minutes. It will trade under $400 fairly soon and that will be a good buying opportunity. They are sitting on so much cash and with no debt, they could take this company private if the stock drops into the mid-$300's - which may in fact be the game plan..

Thu, 03/07/2013 - 14:21 | 3309312 Wave-Tech
Wave-Tech's picture

Sure I do - such a bounce could exceed $500 as well.

Sat, 03/02/2013 - 10:52 | 3293299 Wave-Tech
Wave-Tech's picture

Don't know about timing but there is a case for $310 as well.

Fri, 03/01/2013 - 15:17 | 3291212 Smiddywesson
Smiddywesson's picture

Yes, buy it in late August or early Sept. for a third less. 

I don't see anything bouncing right now due to the game of tag being played in currencies.  The Euro ramped since November, and now "Tag" your "It".

I know that's a oversimplification, sorry.

One thing I noticed was Bernanke's bounce didn't have any staying power.  That is a bad omen.  The market should have ramped and kept on ramping, but it didn't.

Where are the buyers?  Are you going to bet everything in your hedge fund at this time of the year on a risk-on tech stock?  Is Mom and Pop? 

Fri, 03/01/2013 - 12:21 | 3290360 goldenbuddha454
goldenbuddha454's picture

Let's just throw Jeff Gundlach a party right now, why wait!

Fri, 03/01/2013 - 12:31 | 3290401 JohnGaltsChild
JohnGaltsChild's picture

Snazy new techno toys are techno junk in two weeks. Apple and snake oil sellers have a lot in common. They deserve what they get.

Fri, 03/01/2013 - 12:44 | 3290515 syntaxterror
syntaxterror's picture

Time for Dickshit to start buying AAPL to make sure the wealth-effect is taking hold. Get to work Mr. Chairman!

Fri, 03/01/2013 - 15:37 | 3291273 robertocarlos
robertocarlos's picture

iTimemachine so I can go back and sell at 650.

Sat, 03/02/2013 - 10:51 | 3293296 Wave-Tech
Wave-Tech's picture

$650 would have been a nice short - though $609 was not too shabby

Sat, 03/02/2013 - 03:09 | 3292935 matrix2012
matrix2012's picture

The Fruit is embracing the mass coming of a bunch of China's latest high-specs smartphones by their native brands such as Huawei, ZTE, Lenovo, OPPO, Meizu, Xiaomi, etc.

Larger, sharper, faster, cheaper!  Watch them out at :


They will send the iCraps to further iLows

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