"No Brainer" AAPL Breaks Below $500; Lowest In 3 Months

Tyler Durden's picture

For the first time since mid-October, "no brainer" investment AAPL has dropped below the maginot line of $500. We are sure Carl Icahn will be buying another $500 million worth of shares today... AAPL is now down over 13% from its December highs.




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Caveman93's picture

Seriously, how many G1-10 iCrap devices does one "need" in this world? Same crap, different "generation" with prettier packaging. They're done.

slaughterer's picture

I trust no investment that requires no brains.  

This Gekko prototype should finally retire and then go to a nursing home if he has no brains.  

aint no fortunate son's picture

I'm thinking his last couple of tweets this past week must have been classic pump and dump moves

Sofa King Confused's picture

Why would people spend money for a NSA spying device?

ParkAveFlasher's picture

Do you ask the same question of people who pay federal taxes?

TruthInSunshine's picture

The old Carl "The Phlegm" iCahn tweeted-in-advance Pump & Dump, baby!

SAT 800's picture

Nice to see you saying something that makes sense for a change.

Millivanilli's picture

Icahn just tweeted,  


I just bought bought a gazillion shares!  Jump you fucking lemmings!  



Levadiakos's picture

Do hope Carl will be OK. Also it's important that Jamie's bonus is safe. These are our real concerns.

TruthInSunshine's picture

"Had lunch w/Tim Cook. He's on board with 948 billion USD buyback ASAP. Just bought another 500 mln. ;-) "

@Carl"The Big Phlegm" iCahn

Sudden Debt's picture

and after 50 upgrades... the iPads and iPhones STILL DON'T HAVE A LIGHTER FOR MY CIGARETTES!!


eclectic syncretist's picture

Where's the fucking beer dispenser on my iphone Steve!

Sudden Debt's picture




SAT 800's picture

LOL. you're cracking me up.

TuPhat's picture

What's wrong with yours?  Mine does switch TV channels.  You should upgrade.  But, seriously I wish I had a Droid even though I have no need for either one.

tallen's picture

You'd have to have no brain to blindly follow Icahn's tweets.

eclectic syncretist's picture

He'll really look like a no-brainer when it crashes through $400 this year.

Cursive's picture

@Occidental Mortal

Somebody else said yesterday, and I think it is highly probable, Icahn is unwinding.

Levadiakos's picture

Word is Carl's agitating for the return of Gil Amelio

Herd Redirection Committee's picture

Obscure early 90s reference FTW!

Levadiakos's picture

That's what you get with virtual apple instead of phyzz apple

SAT 800's picture

Ah, and it was such a pretty Tulip. speculate up, speculate down, whoa, whoa, whoa, we're gonna do the speculate now.

cowdiddly's picture

Go ahead Tweety Bird, double down again. Throw some more good money after bad.

You know your ego won't let you be --Gasp-- Wrong

EmmittFitzhume's picture

Pump and motherfucking Dump!

Temporalist's picture

I asked SIRI if I should short or long AAPL and all I heard was crickets...SIRI are you there?!?!  SIIIIRRRRRIIII!!!!!!!!

fijisailor's picture

With every iphone improvement the phone gets less practical.  AAPL has a long way to go down.

Temporalist's picture

You are forgetting one thing about AAPL...AAPL Zombies! Ok two things...




Frank -THE COIN -'s picture

In a debate over AAPL on cnbc yesterday by two analysts, one of them stated " That buying AAPL was a no Brainer "

The other analyst replied " Yes, if you have no Brain, buy AAPL "

Herd Redirection Committee's picture

Buying AAPL at this point is like buying "pre-Rumor", to then sell on the Rumor, and buy the news?

disabledvet's picture

again..."all these equities are buys." And I mean EVERY ONE OF THEM.

Go long land...and transfer payments.
Can't say the US will be running trade surpluses yet...but that deficit could drop with surprising alacrity.

Deficits do matter...but with interest rates this low...and going way lower in my view... i just don't see why all the rancor in Washington right now.

"Unilateralism" makes absolutely no sense here.
DC has never had so much money.

Sometimes "all that money only serves to get yourself in trouble."
The private sector has been a "Government in waiting" for some time now though.

user2011's picture

In the nov, dec,  they drive the market up... up... up... 

Why letting it come down ?   What is going on ?  Are the HFT taking vacation ?    Or is it just time to harvest the fund money from 401K contributions ?   

Dr. Engali's picture

It's called year end window dressing in order to get that 2 and 20. Can't have people pulling their money out. It makes for a starving hedge fund manager.

kaa1016's picture

Think about it. The market was up 30% last year. If you sell on or before December 31, you have to pay those taxes by April 15th 2014. If you wait one more trading day to January 2, you don't have to pay taxes on those gains for another 16 months. It really is that simple. Selling begets even more selling...

syntaxterror's picture

Almost 5 years since the iPad was introduced. And a one size fits all phone for 7 years? And sitting on $150 billion in cash. Where are the new products? 

Sudden Debt's picture


sure you can't see it with the naked eye...

and you don't need it...


slaughterer's picture

There are no new products because there is no more design genius at AAPL.  Ives has gotten fatter than a Wellington cow, and the other baby-boomer product development guys are just eying the clock to their retirement.  

Caveman93's picture

Soon...the iMyRA Box ..guaranteed return and 100% safe T bills supported by the full faith and credit of the USS of A. 

NoWayJose's picture

Let's give credit to where it is due -- the Android operating system.  The Mac flourished because Microsoft was too inept at building a stable, secure, and user friendly operating system for computers.  The early 'smart phones' and tablets had even worse user interfaces.  IOS is still good, but no longer is better than Android.  Thus when you walk into a store today to buy a phone, IOS is no longer an advantage and the choice is now on the phone hardware and price.

Defenestratus's picture

Android is indeed the reason.


I think the latest numbers pointed to Android activating over 1.5m handsets *A DAY*


Thats incredible - and unsustainable - but Android is a lot more adaptable to market trends.  Its able to be customized, trailored, repackaged and sold to fit almost any kind of demographic from emerging market value phones like the Moto G, to Gold plated HTC One's for you wall street high rollers.

It doesn't rely on an outdated ecosystem whose interrface is clunky, prices inflated and just has the smell of being stagnant.  Google updates the OS twice a year with reference devices that show forward thought with features and capabilities that are truly innovative instead of window dressing like iOS.  Couple that with the ability of Google to enhance users' experiences with its vast amount of information whose integration seems are quickly disappearing and you can see why a lot of iDevices are now being passed over in favor of the more powerful and capable Android devices.  Hell even my father, the most technologically inept being on the planet is able to use his LG G2 effectively - which is something Apple has typically dominated.

Now if you excuse me, my Note 3 just beeped and told me that I have a meeting to attend :P

Spungo's picture

Apple's share price looks like some kind of wall that stops people from moving east to west.

West of the wall I'll wait for you
West of the wall our dreams can all come true
Though we're apart a little while
My heart will wait until we both can smile
That wall built of our sorrow
We know must have an end
Till then dream of tomorrow
When we meet again

eclectic syncretist's picture

Jody hardly knew when Grandfather started to talk. "I shouldn't stay here, feeling the way I do." He examined his strong old hands. "I feel as though the crossing wasn't worth doing." His eyes moved up the side-hill and stopped on a motionless hawk perched on a dead limb. "I tell those old stories, but they're not what I want to tell. I only know how I want people to feel when I tell them. "It wasn't Indians that were important, nor adventures, nor even getting out here. It was a whole bunch of people made into one big crawling beast. And I was the head. It was Westering and Westering. Every man wanted something for himself, but the big beast that was all of them wanted only Westering. I was the leader, but if I hadn't been there, someone else would have been the head. The thing had to have a head. "Under the little bushes the shadows were black at white noonday.  When we saw the mountains at last, we cried-all of us. But it wasn't getting here that mattered, it was movement and Westering. “We carried life out here and set it down the way those ants carry eggs. And I was the leader. The Westering was as big as God, and the slow steps that made the movement piled up and piled up until the continent was crossed." "When we came down to the sea, and it was done." He stopped and wiped his eyes until the rims were red. "That's what I should be telling instead of stories." When Jody spoke, Grandfather started and looked down at him. "Maybe I could lead the people someday," Jody said. The old man smiled. "There's no place to go. There's the ocean to stop you. There's a line of old men along the shore hating the ocean because it stopped them."

"In boats I might, sir." "No place to go, Jody. Every place is taken. But that's not the worst-no, not the worst. Westering has died out of the people. Westering isn't a hunger any more. It's all done. Your father is right. It is finished."

John Steinbeck, The Red Pony


Sudden Debt's picture