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Apple Cored, Drops Under $400: Lowest Since 2011
Apple has broken the 'magic' $400 level for the first time in 16 months as we probe for the next generational low in this unbeatable stock amid chatter that iPad-mini shipments for next quarter will be down 20-30%. Apple is down 43.5% from its 'generational high'. Now cheaper than an iPad2, but less tasty, it appears more than a few 'smart' index-tracking momentum-monkeys are jumping ship heading into earnings. With AAPL down around 5% (the biggest open-to-low drop in 5 months), anyone who bought the stock in 2012 is now underwater...
It appears the 'bubble' has burst...
Who coulda node... its never different this time (oops and oops)
Chart: Bloomberg
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No one cares about AAPL, all smart money has already moved to NOK
Accelleration...
Achieving terminal velocity in 3 2 1...
They're going to have to start making their products out of gold in order to get the stock price back up.
The hundreds on the downside are a beautiful thing. To all of you scalping that bid at 400, enjoy!
Money for nothing
Now look at them yo-yos thats the way you do it
You hit the bid that others don't see
That aint workin thats the way you do it
Money for nothin and chicks for free
Now that aint workin thats the way you do it
Lemme tell ya them guys aint dumb
Maybe get a blister on your buy-key finger
Maybe get a blister on your sell-key thumb
Am surprised that Apple hasn't purchased a cell provider.
Controlling the way ads are presented/delivered to gadgets will always be a money maker...
Controlling the way ads are presented is also a proven way to lose customers forever, but never mind, you do go on ..
If you think economics is a hokum science , so is the 'science' of advertising.
Its all BS of the first order when you dig into it.
Absolutely correct.
Wrong.
Edward Bernays proved that the masses are basically sheep, and can be easily controlled by various media messages.
All the AAPL 'profits' were poured into BITCOIN... Oh wait!...
~~~
Dweebs of the world UNITE!... You have nothing to lose but your virtual hotpockets...
And what does the book tell you, of what these messages should be composed? Of humongous bullshit, that you imagine adequately to your goals. Come on, admit it: You haven't even read "Propaganda".
Fuck him! We have chocolate cake for breakfast, not bacon and eggs.
AAPL looks like gold chart ...
: )
Fuck ads. I'm long Ad Blocker and Ghostery.
Yeah really. I only look at ads if they have tits in them. And you can't put tits in every ad. Just not feasible.
MDB- they should buy FaceFuck and merge 2 pieces of shit
I think that that's exactly what his sarcastic post was about...
That FB is still over $26 just boggles the mind. We've gone from things manufactured that have utility, to things that are manufactured (iCrap) that don't, to things that are just "made up." I'm thinking that this isn't going to turn out well...
Some turds just float for a while.
..Until you flush them.
Facebook's problem is how to get their ads on a cell phone screen.
The trend now is toward bigger screens, which well help them.
FB may eventually be forced to get in the game of cell phone hardware and/or software design, to ensure their survival.
Partnering with Apple may be juice each other needs going forward.
I think you were right the first time: Facebook is the AAPL.
LOL
Facebook "Home", ever heard of it?
Man, I remember talking with a neighbor who thinks that Apple was the next best thing since breathable air. I got the impression that he thought they should make everything (toasters, underwear, tampons, etc. that all talk to the "cloud") and he would pay anything for any of it. We got to talking about the then $600 a share price. He said it was going immediately to $1200. No way would anything else happen.
I told him I was concerned that Apple was going to have invent anti-gravity, a fusion reactor, cure for cancer, etc. at some point just to keep the market happy. That the stock might just be heading into bubble territory.
He thought I was nuts. Hasn't talked to me since. lol. Probably doubled down on the way up and caught has been adding to his position all the way down so far.
Apply should form its own Country somewhere and issue iCoins.
Give them Cyprus ! It's win-win !
Well, "Apple" is Food, no? Food, Shelter and Water. I think people need to be more disconcerting about their interpretations of what really constitutes a true Fundamental. Ah, the power of marketing!
Apple sauce.... margin compression just like Reggie said many moons ago.
AAPL down 24% YTD
GLD down 17% YTD
Now compare the number of articles on "the end of gold" vs. "the end of Apple".
Just Samsung alone would be a scary competitor for them. Galaxy S4 will cut the legs out from iPhone sales, and the Galaxy Note III released later this year will put the iPad mini down like a rabid dog. And that's not even getting into HTC or Nokia, both with more innovative offerings than anything AAPL has. They've painted themselves into a corner.
Apple down 40% and cnbc telling everyone it's a bargain the whole way down. Gold drops 15% and they are screaming GTFO. Funny.
I put CNBC on for 5 minutes this morning (which exceeds my usual tolerance) and they were literally discussing that people who own gold believe there will be a zombie apocolypse which of course is the only reason to own gold. Kernan was actually being silly and talking about how a virus could cause upper brain damage that could make people seem like zombies, and that maybe gold owners are on to something. It was surreal.
The band of idiots on CNBC in the morning is intolerable. I hope somebody loses their ass on Apple and beats the fuck out of Cramer on live TV
"...cut the legs out..."
Damn that's cold. +1
EDIT: Oh, so you're a retractor then? -1
Ha! Everyone knows you can eat an Apple! </sarc>
I'd been thinking the same thing so earlier I'd computed AAPL's drop, which was 42%.
The next person that laughs at you about possessing gold, just over the challenge to beat each other over the heads with physical gold and iCrap (or iCrap stock, or "proceeds" from the sale of said stock) to see which one carries the most weight!
Miners getting trounced. Miners have to stop the bleeding before physical gold/silver can turn around. Much more downside for gold/silver. The "rotation" out of commodities is happening...again. Equities have to catch up and they will. April/May will be bloody months. Look at the SLW bloodbath. The only thing holding physical gold up is this little surge in buying, but the downward pressure will be crushing. If gold breaks 1300....ugh.... Miners will capitulate. 2008 all over again. Then, you step in and buy the miners which will be the first to turn. Support at 18 for SLW...if it breaks through... the abyss
dont tell anyone...but the miners are in on it....paper is paper is paper.....buy the real stuff, hide it...
No. no, first we reach HDP (High Dynamic Pressure) and have to throttle down ... :)
Were the chips made by the Chinese? Oh crap....
No, but maybe the typical command at the end of HDP rings a bell. That would be: "Go for throttle up!"
Remember how that turned out for the Challenger? ;-)
I aint too fruity on phones nowadays....Apples? Blackberries? Anyone
bill burr on steve jobs: http://www.youtube.com/watch?v=nXoiTlWiNbY and this http://www.youtube.com/watch?NR=1&feature=endscreen&v=GbZMe_HUbm4
and this http://www.youtube.com/watch?v=3iGm4dl0Ys4
Turn on the fucking AAPL circuit breaker (halt trading) for the gods' sake.
Samsung, Blackberry or Nokia ...
Wowza! I bailed at $438 and was bleeding from every orifice. Now Winning!
Quote of the day! :D
the smart money
is on snow white..
Israel not doing so well then....
Due to Israel's need to conduct most all import transactions in US dollars, the Federal Reserve most likely already owns the Bank of Israel APPL position through a central bank swap arrangement.
Alrik of Valt ?
One could wonder what is the relation between AAPL and the JOOCE (kinda funny, I just found one!), but I know what you mean: Bank of Israel should be in deep shit right now.
But, but... CNBC told me APPL was a buy!
I like braeburns; buy a sack every week.
I bought NOK when it was at $1.8 level and everyone was screaing that the sky is falling, made over 100% as I sold at $4.5+ and rebought at $3.5, gotta love the maddness of crowds
You should like AAPL, then. - oh you with the iron testicles.
I might uy AAPL if it reaches $5
Very strong support at 0.10 $ !
The company make a shit ton of money. Look at their earnings over the past 3 years. If that stock gets down to $330, it is going to start looking very, very attractive.
Prepared story. LOL!
Visited just to see if this was up. (err, the article.)
It's like obituaries. Only a matter of time ...
The hedge fund 'roach motel' going to be a bloodbath.
No kidding yen especially if their top holdings are aapl and gld...which most of them are....whoops. At least many of them are shorting treasuries.....oh...wait...
You can check out any time you like - but you can never leave ...
We can only hope ...
Maybe Tim Cook's idea if catering to Wallstreet wasn't such a good one after all.
Tim Cook lost control (or rather never attempted to get control) of AAPL's story for investors.
The Board (and CEO) just let the press run rampant over their company with all of the negativity.
The new AAPL is like a Borg collective completely impervious to the real world and needs of shareholders.
Ron Johnson is available.
Steve Jobs is gone, if you haven't gotten out yet DO IT NOW.
Just looking for clarification on the instructions...
Are you saying to JOIN Steve (who "got out of EVERYTHING"), or are you saying to just get out of AAPL?
And when the iWatch and the Apple TV come out and there's a huge hike in the dividend. The stock will hit new highs. Stay tuned.
Thanks, Nostradamus
You mean the "Newton" and "Lisa" of the 21st century?
What are they going to do with TV that's exciting and new? It seems to me that Samsung beat them to the punch bowl on that one. Apple was able to command a premium for their product because it was revolutionary, now they are behind the curve.
Apple died with Jobs. It will be lucky if it can maintain the same status as Microsoft in 10 years.
The Apple TV would have been innovative 10 years ago.
What Apple really needs is a stylish headset that will compete in the same space as the Google glasses, but will also provide a 3D multimedia experience for under $500
...and triples as an immersion blender and slap-chop.
"The stock will hit new highs."
And priced in Fiat... Can't wait to get my hands on MOAR of That! </sarc>
Reggie is right!
Fuck, I'd called this LONG before he did. Only, unlike Reggie, I'm not narcissistic and need to boast about how wonderful I am at pointing out the obvious... (while he's partying with the high-fliers I'm working on my farm)
Really, I think that there's some correlation between "can't have perpetual growth on a finite planet" and "what goes up must come down." If one pays attention to the REAL "capital," nature's capital, then all of this shit is as easy as, well, apple pie!
Yes but at least Reggie can dress in a scary jungle outfit.
And hunt squid!
Well I honestly don't know what to do. Where is Joe Terranova when you need him? Oh yes....selling gold.....
He's at the barber getting that pointy wedge of hair on his forehead sharpened.
The supply chain rumors are always BS - when apple beats next week it will just make the rebound that much fiercer. $51B revenue, $13.50 earnings imho.
Apple had the tablet market for years until competitors came out with better and cheaper alternatives.
It's safe to say that the party is over.
which tablet is better than ipad4 or ipad mini at the moment? cheaper, yes there are many but better?? serious question.
the absence of steve jobs is hurting apple. tim cook is no visionary, he is your average silicon valley geek. my guess is that he won't come up with a good idea and the company will keep sliding down. the watch idea is beyond stupid, for example.
I'm going all-in on slw, eff it.
Never seen slw below slv.
SLW is junk.
peut etre ... but, again, may be not
unless you own an ipad already, i would say by low AAPL
You might want to think that over... apparently Barricks had pre-sold 200 million oz of silver from their Pascua Lama mine (now halted due to environmental issues and disputed property) to SLW, at something like USD 3.85/oz, which it looks SLW will never receive.
I'm going all-in on slw, eff it.
Never seen slw below slv.
Hold a Galaxy S3 up to an Iphone 5 and its really no contest...not even close and I'm not even looking at the S4 or Galaxy Note (which is an AMAZING device)
Apple has this air of arrogance around them telling the market what they want (medium sized, heavy phones) vs what the market wants, larger, lighter devices (GS3, GS4 HTC Droid DNA, Note, etc)...and the fan boys eat that shit right up...idiots
Switch them off kids,
A mate of mine is a sparky who has something to do with smartphones, these things track your every move.
And fuck your bollocks if you leave them in your pockets day in day out.
Yeah, no shit. I have this tracking device that also allows me to make and receive calls when I'm away from home.
Fair play overfed,
I walked right into that one.
You know what I mean though?
At least I know what you mean. You're dead on. But help is possible. Buy some cookies that come in a steelsheet box, and use it to store your "beacon". Additionally you can remove the batterie, which makes it much harder to track you. But I'm sure, you knew already ...
Perhaps the bigger trouble lies in the fact that these things tend to distance people further from reality, further from the physical, when the future is screaming PHYSICAL. And given that our greatest asset -the opposable thumb- is under attack by these things I just have to wonder how fucking smart we'll end up looking in the long-term...
TPTB like for you to be mobile as this allows you to be more easily shifted around to where THEY want you to work (hint: this should also tell you why "illegal" immigration ain't going to be "solved" any time soon).
AAPL stock is free if you work in management for the company. Everyone else must buy, buy, buy!
Gravity sucks, bitchez!
goin' to 360
And everyone told me I was a fucking quack for saying Netflix was going to $55 a year ago. Surprise motherfuckers! If Apple holds the same chart pattern you could see $200.
But Apple isn't Netflix!!!! But you've been saying for years now fundamentals dont' count remember.
I don't know what's more a more depressing indictment of our society, Apple or Netflix (I do neither). As people continue to lose employment which one of these entity's products are going to be more readily "consumed?" Answer is likely to come in the form of figuring out whether we will or won't be more mobile... (though, it gets a bit complicated if Netflix can be watched from your iStuff [I don't know, and, frankly, maybe I don't care- got REAL stuff to do]).
Apple (Market Cap: 377.68B) worth a third of Samsung's (the maker of everything) $217 billion market cap. aapl ->72 B or 80$ per share.
http://www.thenewamerican.com/economy/markets/item/15116-after-gold-crash-experts-point-to-central-bank-manipulation
Apple is a fad...
... had to dip my toe back in on AAPL at this level ...
Can't wait until AAPL ($40+ EPS, $125/share in cash) and AMZN ($0 EPS, $0 in cash) both have the same share price. Probably at around $350-ish.
"Efficient markets".
Pie a la mode ? Nope, it's a la commode.
Que sera seara... Easy come, easy Go! Flush your troubles down the drain...
In all seriousness, I would not be at all surprised if once the share price has been beaten down to around $350, Braeburn Capital announces that they are taking the company private at around $475/share. They may even be shorting the thing at this moment. That's how this game is played.
Since I post on my gambling sites, and this is Gambing... 400 June SLW 30's at .2.
"anyone who bought the stock in 2012 is now underwater" - actually not 100% correct, the statement should have been:
anyone who bought the stock in 2012 as "long term" investment, ( if one can do such things with stocks, as to expect paper not to dissolve in water ... hummm ), and was not smart enough to flip it, after seen it going down, is now underwater.
For lets make one thing clear, (paper ) gold and silver can go down, but the physical ones, are still going to be used as monetary means of exchange and as commodity in industry, even after Apple is in the history technology books only ( or metaphorically speaking, when the Apple has been eaten away, by the new tech worms ).
For, in technology, the law is, nothing stays the same for long time.
Oh for God's sake. You can only put so much in a headline ....
I sold 100% of mine when Jobs passed away......i proved to be right ...for once!
... the day the music died ...
Interesting...
On one hand his guidance helped bring music to more ears. On the other he could be said to have helped kill off our human-es (programmed in to the MATRIX).
On a REAL evolutionary level one has to ponder the impact of repetitive stress, brought about by all this iCrap, on our most distinguishing physical attribute- our THUMBS. Any M.D.s out there who can report?
And that would be everyone who's pension fund manager put their retirement into stocks for higher yields, because, "Hey, where else you gonna go?".
I'm lucky in that I have a wife who understands the illusion of "retirement" (she's from the Philippines). The best insurance for the future is to remain as productive as one can for as long as one can: and if you cannot find something that you can enjoy doing at least find something that you at least don't hate doing.
Work until you drop dead.
Yeah, that's the ticket.
AAPL was no longer a buy since it fell out of favor of the Illuminati with the passing of one of their members, Steve Jobs.
I that it's more to do with the standard growth-and-decay cycle than anything else. And now that we're in clear contraction all things based on "disposable income" are going to be exposed to a heck of a lot of light.
The gig's up with Apple's marketing magic/hood-winking. Humans are restless creatures... shiny things only stay attractive for a short period of time before our stomachs start taking back over.
It's both, but you're just more correct. Market forces eventually overpower even those in control. They can rig and control the electronic markets where there isn't real supply/demand market forces (ie HFT trading of the futures markets of COMEX, etc.). I agree, when the rub meets the road, people must eat first (a true need) before they can buy Apple products (a true luxury) and that is the real, physical world over the virtual, electronic world (real assets over digitalize, illusionary "wealth"). The Illuminati prop up of Apple is gone.
I've always seen Apple products as primarily expensive toys. If people were honest, most of the real computing work (due to software) is done primarily on Windows (owned by Illuminati member Bill Gates).
For disclosure, I don't and probably will never own any iCrap.
also, how many iAnythings does one need?
Apple 0 - Samsung 1
Snow White's revenge...
I just checked, AAPL broke above $400 and is exploding to the upside at $400.88.
Can anyone explain why AAPl was a bubble though? Their PE at $700 was 15. There are a great deal more stocks out thewre with much higher PE's that are tearing it up. HD's PE is 24 and PHM is 27. So, APPL shouldn't be a bubble until $1000 a share or more.
@ $1000, it would be a Trillion+ market cap for a company with over 50% of profits from a single phone. Sounds reasonable to me.
Geeeeeez that would be just one trillion dollar treasury coin.
But some hedgefund guy on TV told us it was a bargain with all the cash and profits. He bought at $68.
Seriously, who didn't know this was a bubbly?
Only the same crowd that enjoys paying 2-3X for a Mac thats a crippled computer. Or an I-phone thats emasculated unless you Jailbreak it.