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Apple Denies Newton, Back Over $600

Tyler Durden's picture


Just as with the broad market, Apple is showing the schizophrenic signs of a market caught between two increasingly distinct Known Unknown scenarios. From down over three-standard deviations (most in 6 months) to up over two standard-deviations (most in 3 months) - even as implied vols remain elevated (as realized vol starts to pick up once again), Apple manages to deny gravity (for a day so far) as it has its best up day in over a month.

AAPL - after a dismal ugly open has pulled well over VWAP and is surging - on significant stock and options volume - now back over $600

but the chaos is a little concerning - we've seen this picture before...


Charts: Bloomberg


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Tue, 04/17/2012 - 12:43 | Link to Comment blu
blu's picture

I read the title, and was wondering why they waited all this time to deny the Newton MessagePad.

It wasn't even that bad a product. Still have 2 of them somewhere in the garage.

Tue, 04/17/2012 - 13:24 | Link to Comment francis_sawyer
francis_sawyer's picture

I have two fucking 'pitchforks' in the garage as well that cost me $40 bucks each... I still use them all the time...

Tue, 04/17/2012 - 12:46 | Link to Comment Gandalf6900
Gandalf6900's picture

newton is undeniable

Tue, 04/17/2012 - 13:39 | Link to Comment Stuck on Zero
Stuck on Zero's picture

You're all too young to remember the The Apple Newton MessagePad 2100.  It was a failure PDA. 

Tue, 04/17/2012 - 13:59 | Link to Comment Spastica Rex
Spastica Rex's picture

PDA? Which telcos supported it? Was it 3G?

Tue, 04/17/2012 - 15:48 | Link to Comment A Nanny Moose
A Nanny Moose's picture

Anybody seen my stylus? Without it, I am having a bitch of a time dialing the Apple BBS with my 28.8k modem, for my software updates.

Sorry....semi-old geek humor.

Tue, 04/17/2012 - 15:39 | Link to Comment Reptil
Reptil's picture

HA! I still have one.

I did throw away my 5300ce

Recommended some friends to buy apple shares with Steve Job's NeXt OS coming. No one listened, they were all figuring out '95.


Tue, 04/17/2012 - 12:45 | Link to Comment DavidC
DavidC's picture

Central Banks buying? Bank of Israel had said a couple of weeks ago that they were going to...


Tue, 04/17/2012 - 12:45 | Link to Comment SheepDog-One
SheepDog-One's picture

Worst down day in months, followed by best up day in all makes perfect sense as long as youve got your full retard helmet on.

Tue, 04/17/2012 - 12:46 | Link to Comment monopoly
monopoly's picture

Anyone who thinks they can trade AAPL time after time and be successful is, well, lets just say fibbing a bit.

Tue, 04/17/2012 - 12:58 | Link to Comment slaughterer
slaughterer's picture

Trading AAPL is easy: when ZH posts maximum Schadenfreude articles (like it did yesterday) and all the Plunger Boys here start mocking AAPL investors, then it is time to back up the RoboTraderTruckTM and go LONG....  

Tue, 04/17/2012 - 13:39 | Link to Comment I am a Man I am...
I am a Man I am Forty's picture

Right, can't believe you weren't junked 20 times for this post.  I told everyone to buy the dip yesterday and the lemmings junked me left and right.  I doubted myself until this happened.

Tue, 04/17/2012 - 12:58 | Link to Comment carbonmutant
carbonmutant's picture

 "Apple's best defense against accusations of fixed e-book prices may turn on absence from meetings in Manhattan restaurants"

Tue, 04/17/2012 - 12:48 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Thanks BTFDers!  And back out we go.

Tue, 04/17/2012 - 12:50 | Link to Comment Eclipse89
Eclipse89's picture

This kind of risk-on/risk-off environment can't do anything but keeping people away from stocks.

Even if Lagarde says that every world problem is now fixed. And Monti too. And Sarkozy too. And Bernanke too.

Tue, 04/17/2012 - 13:06 | Link to Comment slaughterer
slaughterer's picture

I disagree.  Who in their right mind wants to miss out on a single handle of AAPL's rally to $1001?

Tue, 04/17/2012 - 12:51 | Link to Comment Rubicon
Rubicon's picture

Denies or defies?

Tue, 04/17/2012 - 12:55 | Link to Comment carbonmutant
carbonmutant's picture

The real trick to making a Schroedinger market work is not to open the box...

That's the part that Pandora never understood.

Tue, 04/17/2012 - 12:56 | Link to Comment kridkrid
Tue, 04/17/2012 - 12:54 | Link to Comment unionbroker
unionbroker's picture

retaqrd up buying is the company buying its own stock what is the surprise?

Tue, 04/17/2012 - 12:53 | Link to Comment junkyardjack
junkyardjack's picture

Reduce your position size and BTFD

Tue, 04/17/2012 - 12:58 | Link to Comment Debtless
Debtless's picture

People have to be trained to buy on the apple dips or the big dump when its time comes, won't work as well.

Tue, 04/17/2012 - 13:10 | Link to Comment Fredd00
Fredd00's picture

The chart looks ugly, the bubble just popped up. BTFD right but on 400 maybe

Tue, 04/17/2012 - 13:11 | Link to Comment Cursive
Cursive's picture

It's opex week, people.

Tue, 04/17/2012 - 13:12 | Link to Comment bingo was his name
bingo was his name's picture

ibounce dead cat verison

Tue, 04/17/2012 - 13:43 | Link to Comment francis_sawyer
francis_sawyer's picture

Where's that Robot Trader who was here yesterday bragging about how he was 'short' AAPL since $621

EDIT: 13:43

Oh I see, he's here junking me... Don't sweat it pal, it's only FIATS you're losing...

Tue, 04/17/2012 - 14:41 | Link to Comment reTARD
reTARD's picture

FIATS, ha!

Just as the casinos require their participants to exchange and only use chips, the governments also requires their participants to exchange and only use fiat! Neither one accepts alternate, competing currencies. This way the people lose sight of real value and gamble away their chips or fiat as though they were nothing. And also, crony businesses (big casinos) and governments hate competition!

Tue, 04/17/2012 - 13:22 | Link to Comment djsmps
djsmps's picture

They pumped the hell out of it on the CBS morning show today, basically screaming in fear that APPL can never go down. It's too big to fail.

Tue, 04/17/2012 - 13:20 | Link to Comment GlenD
GlenD's picture

Apple defies Newton is one of the smartest headlines I've read for a very very long time :)

Forrest Gump: Lieutenant Dan got me invested in some kind of fruit company. So then I got a call from him, saying we don't have to worry about money no more. And I said, that's good! One less thing to worry about.

Forest Gump was released in 1994. When he said above line he showed the letter from Apple Corp. Everybody Laughed. But if we had instead invested $20,000 in 1994 at $10 a share, today we'd have payback of $1.2 million.



Tue, 04/17/2012 - 13:50 | Link to Comment Bam_Man
Bam_Man's picture

With 4%-5% intraday moves now common, it is obvious that AAPL is nothing but a Hedge Fund/HFT plaything.

And we are talking about the second most valuable company on the planet. What a "market". Not hard to see why "Mom & Pop" want no part of it.

Tue, 04/17/2012 - 14:01 | Link to Comment Waterfallsparkles
Waterfallsparkles's picture

$30. Down in a day.  $25. up in a day.  Parabolic moves like this show that a stock is dying.

Wall Street trying desperatly to cash out of their holdings.

Tue, 04/17/2012 - 14:04 | Link to Comment cheesewizz
cheesewizz's picture

Interesting superimpose... LinearReg and ROC. were did you find that?

Tue, 04/17/2012 - 14:29 | Link to Comment reTARD
reTARD's picture

Some people were buying the dip, LOL. I doubt it was a ZeroHedger and I'm sure it would some funds or pension institutions moving any remaining liquidity that they might of had into more AAPL.

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