AAPL Breaks $600 The Wrong Way

Tyler Durden's picture

UPDATE: AAPL $585 -3% at one-month lows

Volume picking up rapidly as the hedge fun horde starts to find exit doors are smaller than they hoped for...

Gap fill?

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SilverTree's picture

Turn that frown upside-down.

Levadiakos's picture

My shrinkwrapped mini-van reads: "I Buy Cash"

I think I need to buy a gun's picture

i actually went right to ebay this morning sold an ounce of gold to pick up nokia shares

Comay Mierda's picture

wait for AAPL to retest 600 then pile on iShorts and iPuts.  this phucker will fall hard, lots of gaps to fill

A_S's picture

you might be underestimating the bubble pattern

The Big Ching-aso's picture



"Bob, your portfolio thanks to AAPL has never looked better."

"You mean better since 2008?"

"No, I mean since yesterday."

"I keep forgetting this is a long term investment."

NumberNone's picture

And i was one of the one's that openly mocked the famed 29 year trend line that Apple crossed.  Must follow the 29 year trend line...


Ted Baker's picture


Levadiakos's picture

$590 at year end. dead munney

DormRoom's picture

Feel sorry for all the retails who bought in believing the hype as the hedgefunds were exiting.


Levadiakos's picture

The HF are in deep. This is the last single stock name satnding for the retail investor. If retail isn't buying who is the HF going to sell to? 

Money 4 Nothing's picture

A Slice, Sir Issac already proved this theory. Apples never fall up.

I liked AAPL when she was slow and steady back in the day, predictability is all gone.

Oh regional Indian's picture

I looked at Apple at $12 Dollars in 99, thought, hmmmmmm....no I'll buy WEBVAN!!!!!

And that is what I did.

The rest, is hisandherstory



Money 4 Nothing's picture

Cool.. AAPL has been very good to my family, but we bailed out right after '08 along with our CAT after it topped at $113.00, never looked back.

graymnzrc's picture

That looks like about 420ish$ to fill that gap.

LawsofPhysics's picture

Volume coming back today?  (Scramble, scramble, shuffle, shuffle)

X.inf.capt's picture

this is not good...


Id fight Gandhi's picture

Aapl is like the whole damn market. At least the Nasdaq.

WoodMizer's picture

I was wondering why the nasdaq reversed so quickly this morning

SheepDog-One's picture

Oh my and just when everyone had $1,000 baked-in?

blu's picture

If you are not bullish on Apple then you are not bullish on America.  /s

Cast Iron Skillet's picture

ummm ... not bullish on China, where the things are made.


Retail sales up, AAPL down.  LOL!!

Bodhi's picture

Apple IS retail.  Who buys anything except for iPads or iPhones anyway?

Bicycle Repairman's picture

Ship.  Sinking.  Rats. Exit.

Debtless's picture



insanelysane's picture

Taxes due tomorrow, need to raise cash today.

Levadiakos's picture

Sell in May.........Oh wait!

jay28elle's picture

Red delicious aapl today.

GrinandBearit's picture

$100 stock, at best.

Everybodys All American's picture

this one is ripe. Might even be the one problem that Bernanke can't overcome no matter how much of our money he spends propping this crap up.

Seasmoke's picture

hopefully Steve Jobs will come back and save them again

EscapeKey's picture

Still not sure why anyone willingly buys those closed-platform overpriced devices.

slaughterer's picture

Now that ZH has had its maximum Schadenfreudemoment, time to buy AAPL at $585. 

jcaz's picture

Ya, catch that falling knife- go ahead....

fuu's picture

I'm still bullish on Schadenfruede.

Scalaris's picture

I don't know, I'm thinking that the January-April share price movement was somewhat "unorganic", so I'm guessing that it might be trading around $540-$550 as a floor if there's another market capitulation due to Eurozone bearishness around July-August, but it might be short-lived due to the revealing of the new iPhone, MacBook Pro line etc, where the share price will be, and I'm guessing again, trading at levels considerably higher than $600.

The above speculation does not take into consideration any further monetary easing market pump by unkle Ben.