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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Mon, 04/16/2012 - 09:53 | 2348316 battle axe
battle axe's picture

About time...

Mon, 04/16/2012 - 09:57 | 2348330 SilverTree
SilverTree's picture

Turn that frown upside-down.

Mon, 04/16/2012 - 09:58 | 2348333 Levadiakos
Levadiakos's picture

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

Mon, 04/16/2012 - 10:01 | 2348346 GetZeeGold
GetZeeGold's picture

 

 

iStops.....hit.

 

Mon, 04/16/2012 - 10:05 | 2348360 I think I need ...
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

Mon, 04/16/2012 - 10:06 | 2348364 Oh regional Indian
Oh regional Indian's picture

Nice one GetZ.

iSaw

iCut

iRan

ori

/stream-of-consciousnesstwo/

Mon, 04/16/2012 - 10:22 | 2348409 Comay Mierda
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

Mon, 04/16/2012 - 10:29 | 2348440 A_S
A_S's picture

you might be underestimating the bubble pattern

Mon, 04/16/2012 - 10:32 | 2348446 The Big Ching-aso
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."

Mon, 04/16/2012 - 10:51 | 2348495 NumberNone
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...

http://www.zerohedge.com/news/aapls-29-year-trend-line-signalling-correction

Mon, 04/16/2012 - 10:13 | 2348382 Cast Iron Skillet
Cast Iron Skillet's picture

It's a ballroom blitz!

Mon, 04/16/2012 - 09:53 | 2348317 Ted Baker
Ted Baker's picture

NEXT LEVEL 450$ A PIECE

Mon, 04/16/2012 - 09:59 | 2348337 Levadiakos
Levadiakos's picture

$590 at year end. dead munney

Mon, 04/16/2012 - 10:08 | 2348366 DormRoom
DormRoom's picture

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

 

Mon, 04/16/2012 - 10:10 | 2348377 Levadiakos
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? 

Mon, 04/16/2012 - 10:05 | 2348347 Money 4 Nothing
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.

Mon, 04/16/2012 - 10:06 | 2348367 LongSoupLine
LongSoupLine's picture

iMarginCall

Mon, 04/16/2012 - 10:08 | 2348369 Oh regional Indian
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

ori

 

Mon, 04/16/2012 - 10:17 | 2348393 Money 4 Nothing
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.

Mon, 04/16/2012 - 10:32 | 2348448 graymnzrc
graymnzrc's picture

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

Mon, 04/16/2012 - 09:53 | 2348319 LawsofPhysics
LawsofPhysics's picture

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

Mon, 04/16/2012 - 09:55 | 2348320 X.inf.capt
X.inf.capt's picture

this is not good...

 

Mon, 04/16/2012 - 10:20 | 2348410 prains
prains's picture

snAPPL

Tue, 04/17/2012 - 03:09 | 2350697 Sokhmate
Sokhmate's picture

diet, please.

Mon, 04/16/2012 - 09:55 | 2348321 Diet Coke and F...
Diet Coke and Floozies's picture

Bullish for... What?

Mon, 04/16/2012 - 10:14 | 2348381 Id fight Gandhi
Id fight Gandhi's picture

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

Mon, 04/16/2012 - 09:55 | 2348322 WoodMizer
WoodMizer's picture

I was wondering why the nasdaq reversed so quickly this morning

Mon, 04/16/2012 - 09:54 | 2348323 SheepDog-One
SheepDog-One's picture

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

Mon, 04/16/2012 - 10:01 | 2348345 blu
blu's picture

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

Mon, 04/16/2012 - 10:07 | 2348368 Cast Iron Skillet
Cast Iron Skillet's picture

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

Mon, 04/16/2012 - 09:54 | 2348325 SHEEPFUKKER
SHEEPFUKKER's picture

Retail sales up, AAPL down.  LOL!!

Mon, 04/16/2012 - 10:03 | 2348353 Bodhi
Bodhi's picture

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

Mon, 04/16/2012 - 09:54 | 2348329 Bicycle Repairman
Bicycle Repairman's picture

Ship.  Sinking.  Rats. Exit.

Mon, 04/16/2012 - 09:58 | 2348334 Debtless
Debtless's picture

Appleicious.

iPopped.

Mon, 04/16/2012 - 10:23 | 2348417 IToldYouSo
IToldYouSo's picture

iGiggled (alot)

Mon, 04/16/2012 - 10:00 | 2348340 insanelysane
insanelysane's picture

Taxes due tomorrow, need to raise cash today.

Mon, 04/16/2012 - 10:01 | 2348342 Levadiakos
Levadiakos's picture

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

Mon, 04/16/2012 - 10:00 | 2348343 jay28elle
jay28elle's picture

Red delicious aapl today.

Mon, 04/16/2012 - 10:02 | 2348349 GrinandBearit
GrinandBearit's picture

$100 stock, at best.

Mon, 04/16/2012 - 10:02 | 2348350 Everybodys All ...
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.

Mon, 04/16/2012 - 10:04 | 2348355 Seasmoke
Seasmoke's picture

hopefully Steve Jobs will come back and save them again

Mon, 04/16/2012 - 10:08 | 2348373 Cast Iron Skillet
Cast Iron Skillet's picture

Zombie!

Mon, 04/16/2012 - 20:12 | 2350140 StychoKiller
StychoKiller's picture

iGhost?

Mon, 04/16/2012 - 10:03 | 2348356 EscapeKey
EscapeKey's picture

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

Mon, 04/16/2012 - 10:05 | 2348363 slaughterer
slaughterer's picture

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

Mon, 04/16/2012 - 10:11 | 2348378 jcaz
jcaz's picture

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

Mon, 04/16/2012 - 10:24 | 2348416 slaughterer
slaughterer's picture

I did...

Mon, 04/16/2012 - 13:07 | 2348949 fuu
fuu's picture

Good luck on the BAC like bounce.

Mon, 04/16/2012 - 10:13 | 2348384 fuu
fuu's picture

I'm still bullish on Schadenfruede.

Mon, 04/16/2012 - 10:25 | 2348428 Scalaris
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.

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