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"No Brainer" AAPL Tumbles Back Into Red For 2015

Submitted by Tyler Durden on 10/14/2015 10:26 -0400

AAPL shares are down 1.75% this morning - the biggest loss since September - sending the "no brainer" stock price back into the red for 2015. Having been unable to break resistance at the 50-day moving average, and with AAPL back under $110, we are sure investors will be "swapping" their stock certificates for iPens.

Tumbling after resistance at the 50DMA was unbroken...

And as goes AAPL...

Charts: Bloomberg

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Wed, 10/14/2015 - 10:28 | 6666819 Traderbeauty

Carl Icahn can buy more since he thinks it is worth $240

Wed, 10/14/2015 - 10:31 | 6666826 kliguy38

no but the Fast Money Najarian morons loaded the boat on it.......watta clownsniffer act those shills are......

Wed, 10/14/2015 - 10:29 | 6666822 Hohum

AAPL will be fine. People gotta buy phones every year and my wife's MacBookPro went kaput after only 3 1/2 years.

Wed, 10/14/2015 - 10:39 | 6666847 insanelysane

People replacing phones every year and computers every 3 or 4 years is the normal cycle so why would the stock price go to infinity?

Wed, 10/14/2015 - 10:39 | 6666850 pods

People WANT to buy phones every year. This was enabled by provider financing. That is coming to a fast close.

I might be keeping my BBZ10 for a couple more years. Replaceable battery and expandable memory to boot. Still holds an all day charge after 2 years, so I think I have another year before I have to buy a $20 battery.

As for iPhones, well, good luck. The newest and greatest iPhone 6s is running into a strong headwind. Nobody will fork out $600 for a phone when the one in their pocket still works.

The only reason why people "upgrade" their phones is that the monthly fee has not risen to a point where it hurts, yet.

pods

Wed, 10/14/2015 - 11:00 | 6666938 vq1

I see alot of poor (looking) people with brand new iphone 6s. People will live in a cardboard box and sell their children to slavery before they give up buying a new crapple every time they come out with one. they just gotta have it.

On the other hand Ubuntu Touch is coming along nicely. Solid beta version with alot of work to be done. But god bless open source. Its amazing how apple, microsoft, samsung create incredible hardware only to bog it down to a snails-pace with bloatware and spyware.

Wed, 10/14/2015 - 11:17 | 6667014 pods

I am going to have to start looking at Linux as Windows 10 is pushed to the front and they drop Win 7 support. I will not allow my OS to fucking track me to the extent Windows 10 is purported to do.

Might as well look at a phone that is open souce when I am in the need for a new one. Which might be never, but who knows.

Most of the vacuous people walking around are just trying to stuff anything into their empty souls to quench the cognitive dissonance of modern life. People clamor to be plugged in to the Matrix.

It must be really tough for them to fall asleep when it is dark and they are alone with their thoughts. Oh wait, they make Ambien for that. My bad.

pods

Wed, 10/14/2015 - 11:25 | 6667055 vq1

linux is great. Believe it or not, with a little bit of commandline windows 10 can be purged of most the bloatware and spyware (I have a windows 10 on a tablet). Then turn off automatic updates and manually install the ones you want.

Ubuntu Touch edition phones are not sold in US. Meizu MX4 (no sim card) and BQ e5. Or if you want to try it out and you have a linux OS, get a Nexus 4 (i got one for $70) and put ubuntu on it (supported).

Wed, 10/14/2015 - 12:36 | 6667357 Atomizer