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AAPL Down 15% From Highs - Worst Drop In 30 Months
Apple is now down 15% from record highs as "no brainer" investors begin to question their faith in its China prospects. This is the biggest drop since January 2013 and overall AAPL is now almost unchanged on the year...AAPL has lost $27bn market cap today.. a TWTR or a LNKD
Biggest drop since Jan 2013...
As investors pile out post-earnings...
leaving AAPL nearly unch YTD...
And as Nanex notes, it appears the market is about to break (again)...
Statistical anomaly with SIP microsecond quote stamps. Something's wrong here: pic.twitter.com/zo6WyUmoVd
— Eric Scott Hunsader (@nanexllc) August 4, 2015
Charts: Bloomberg
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Some worms in that AAPL
Good! Apple helps 'our' government spy on us constantly. Sell your stock (i know nobody here is dumb enough to gamble in that market anyway) and ditch your iPhones and iPads.
They gots big plans tho. Just read in the SJ Mercury while waiting for my sammich, they bought a 40-acre plot in Santa Clara. Prime location. This time maybe they'll build a giant dildo shaped building.
puts on bounces
Wonder how much of APPL is owned by central banks, like the Swiss.
Last I read it is the most widely held stawk by Congressional members.
Which means, time for an immediate subsidy!
I read somewhere recently that SNB holds a chunk of AAPL.......
Before its 7 for 1 split it was at $100. It's still above that.
Do I think it's going down? With crApple Watch and the other things it's looking at, yes. A friend of mine bought an iWatch (sic) and has put it up on eBay.
DavidC
Don't you mean that before the 7/1 split, it was close to $700?
Give it a few more months and you'll find the crApple Watch collecting dust at your local dollar store.
what time is yellen going to speak on aapl today?
I guess that the fact that you need to buy a watch for you iWatch isn't a good business model after all:
Finally, a $9,000 watch that attaches to your Apple Watchhttp://www.engadget.com/2015/08/04/apple-watch-watch/
You also need a phone to use a watch...so make that 2 watches and a phone just to tell time and play Tic-Tac-Toe.
I think my spy v spy icon is better.
Apple is out of ideas, there is no way that you can shine an iTurd and magically 'fix' this firm. iWatch?? Give me a break.
Apple out of ideas HA! You silly non-fanboy didn't you hear about the iHeadband? And the iKneebrace? And the iShoelaces? iDeas are never lacking (just good ideas).
Well Struck.....ha!
That's payback for Citadel, the unofficial arm of the Fed, attacking the Chinese stock market. Many Chinese are blaming US. They are much less likely to buy NSA-friendly iPhones
AAPL touches $100 and Old Yeller does QE4.
US hedge fund Citadel banned from share trading on Shenzhen account
The order to bar the Citadel account was given by the Shenzhen stock exchange.
The China Securities Regulatory Commission has said "coordinated stock dumping" and "selling-off of heavily weighted stocks" as well as automated, algorithm-driven trading caused market turbulence. Citadel is being probed for "spoofing", a practice that involves placing and then cancelling orders, distorting prices in the process
http://www.scmp.com/business/markets/article/1846104/us-hedge-fund-citad...
it's a memorial to all those dead aapl/foxconn workers who were driven to kill themselves so aapl could beat quarterly war street margin estimates
Shut up! Someone killed a lion you jerk have some common decency.
I think the Chinese - much like the Russians, know what time it is now. This act by the CSRC is no small move, and it shows as well, just how desperate certain Western entities are (and rightfully so) to keep the Bretton Woods arrangement functioning and $$$funneling properly.
Just in time for AAPL to stage a rebound (thanks Janet) and burn all shorts yet again. Keep buying thoe SpyPhones people... and use lots of debt to do it.
"Apple" ... what's in a name? Hare Krishna.
I can't wait for the Apple iOwn-u chip implant.
The line queuing up to be first on the 'cool' would wrap around Time Square like a noose...
Considering that most of the ramp was bought with FED QE the only way to save AAPL is QE4 and QE5.
ZIRP and money printing forever, heads down looking into the looking glass and thumbing it.
Darn it, they told me Apple was worth 300 or at least 200.
know-nothing apple fan boys truly are irritating.
but then, so are their opposites.
you guys should invest in snapchat and twitter instead.
they dont make anything but dick and tit pic selfies are all the rage.
Or Netflix. AAPL is trading a 13 x earnings, but NFLX is trading at 265 x earnings. Which one is the better deal?
Or better yet TSLA, they don't have earnings so their P/E cannot even be calculated!
New CEO should start his own clothing line.
Still holding out for the icheeze straightner
It would be amusing to see construction of Apple's giant Panopticon grind to a screeching halt...
Ok DG, so 'amusing' might be a bit harsh... How about, 'observationally interesting'. I mean, in a rapid downward cascade of the Nasdaq, it could happen. And this is coming from a lifelong Apple user - Macbook Pro 8,2 I'm banging away on right now...
;-)
Buy on the lows.
It's all rigged.
So is 105 the low, or that gap up from 75?
Doesn't everybody know that the Chinese don't pay name brand prices for consumer goods?
Big AAPL to Rotten AAPL
Is anyone really surprised by this? Apple has, essentially, one product; the iPhone. Their success or failure all banks on that one product, and to a lesser degree the iPad. The watch is never going to see a level of sales close to the iPhone or iPad because it doesn't have the level of necessity that a phone or mobile computer have. It is a complimentary device at best.
Tim Cook has essentially been running Apple on auto pilot with Steve Jobs gone. Once the phone market reaches saturation point and sales slow down, Apple is going to feel the pain big time. At least for companies like Microsoft or Samsung, there is a degree of diversity.
Apple is in trouble. The iWatch has bombed. They need to jump ahead to something people actually want like the iSexbot. But considering the current CEO, their humanoid sex toy would probably be a rump ranger.
Meanwhile Apple is buying and building mega square footage
in the most expensive parts of the silicon valley world.
I wonder what they expect to do with it???
Can it be profitably converted to low income housing??
Quite a far cry from Steve and the Woz
working out of the family garage.