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Time for iQE Rumors: Selloff Accelerates As Apple Drops Under $600
The S&P 500 has turned red led by Technology stocks as Apple drops below $600 once again. Chatter is the report posted here yesterday is doing the rounds and bringing doubt to Apple's omnipotence. Perhaps, just perhaps, it is time for the NASDAPPLE to consider an amicable reweighing? It must be time for more iQE soon, surely. Despite all the media propaganda, perhaps yesterday's FOXCONN news was less than uberbullish after all.
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$CRAAPL
"An apple a day keeps the doctor away."
Buy American. Buy Apple. Oops. Slave-made in China.
we are all slave charlie brown.
Some of us just have nicer cages/gaurds.
humancentipad
combining the digestive tract of three humans with an ipad producing a human thats capable of using apps and a web browser
gotta luv south park
my friend's aunt makes $72/hr on the internet. She has been without work for six months but last month her payment was $19183 just working on the internet for a few hours. Here's the site to read more ..... http://lazycash9.com
Wasn't Jobs a Hindu? Would be wonderful if he were reincarnated as a Foxconn slave worker.
who tries to jump, but keeps getting caught by the nets they put up
Right, the wings of karma flapped his way after he swam in the Ganges and took a big gulp of that water.
He was actually closer to 'being' a buddhist.
That said, he couldn't give a good flying fuck about the conditions the vassals in china were working under, hated unions, and would in no way have the phones, assembled in the US.
Looks like Jobs got reincarnated as gas station owner in Great Britain.
Can I have a Face Time chat with the Ben Bernanke and ask for more QE rapings?
we could bring all the Foxcon workers to America, replace working for a living with sitting about waiting for JP Morgan to dish out foodstamps hoping against all history socialism doesn't go down the toilet again
work or suck, you decide
A round of margin calls for the entire bar bartender!
Must hold 600 or its the end of the WORLD!!!
"She's gonna blow, Captain!"
"What's her phone number?"
Just wait til 3:30 for the ramp
Yup!
Ramp up starting earlier these days. Where market can move 80 points on no news - do they wonder why volume is at a all time low?
Damn - keep forgetting about the Europe Close ramp!
aaannd..it's gone. back over 600...easily. Did you expect anything else in this full of shit Fed ponzi?
Trichet fat finger in T-3, 2, 1...
A year from now, people will be saying "why did we ever think it was a good idea to buy AAPL at $600???"
One day, everyone will learn their lesson (yeah right).
you'll be wondering indeed why you didn't buy Apple at $600 when it sits at $1,000 next year won't you?
iLike iQE
Mayday! Mayday! This is not the Q1 end we were planning for, cap'n!
The golden APPL is tarnished!
One wonders what would happen to the stock price if Apple actually laid an egg with a new product launch.
Don't know...but Jobs' legacy would 'bout go to infinity.
I actually read an interesting article yesterday about its patent suits coming back to bite them in the ass. They keep suing people for infringing on their patents like having round edges on a phone and all that is happening is that they keep running risks of losing their patents as the defendants show that the patents are not really unique and many of them occurred before AAPL patented it and would have been a part of the evolution of phones anyway. I still think AAPL is a good company in that it makes computers and gadgets for dumb people and there are a lot of them out there so they have that market locked down but the lawsuits could really be interesting if they start to lose patents because of the cases. I think it was a businessweek or time article.
the "computers and gadgets for dumb people" and "there's alot of them out there" refers to the majority running on the garbage from Microshite yes?
whenever i go through cafes or airports and see poeple typing away on that MS crap i never cease to wonder why people put up with it ....and 70% of businesses still on decade old XP ...why so many work on Planet Garbage
Well my comment on computers for dumb people is that they eliminate a lot of options which simplifies devices and in some cases to the point that makes it difficult for power users to use it but its perfect for most people that aren't familiar or surround their life with computers. There was a skit on Conan about Apple's Final Cut Pro and how they've cut a bunch of features out of it. For someone like me who knows nothing about movies, it'd probably be great for editing home movies but if I was a professional all the options that they cut out would likely be a good thing to have. Making everything work where you just need to click Next is great for the majority of Americans but the power users wouldn't like it. Its like with the iPad, I have the iPad 1, I use it pretty much just for reading. All of the Office programs are terrible and you can't do real presentations on it, I'm sure you could write on it if you were doing standard college papers but most of the functionality is gone. The thing is that Apple became who it is today because the "dumb" people wanted to look like the power users, all the Hollywood and Music industry people loved Apple so everyone wanted to have one too. Now that Apple is moving toward making their products more mainstream what will happen when the products become too dumbed down for the power users to use it and they go elsewhere? I don't know. I'm certainly not saying that Windows is such a vastly superior product, personally I think the new Windows 8 looks like a complete fail with the Metro layout (it worked so well for their Windows Phone 7 I guess /sarcasm) but it seems like you have more functionality in Windows than you do in Apple's closed ecosystem so its something that will be interesting to watch.
Apples simplicity design philosophy isn't an aim based on dumb customers but ease, efficiency and speed of use ..simplicity requires great sophistication to deliver, from pissing about finding 3 keys to just touching a glass screen is evolution, not return to Ape Man
Apple actually came about from the design and graphics industry, not "because of dumb people" but the choice of sharp (graphical) cookies
What led Apple out into the consumer market was not targeting dumb people either, they'd be flogging crap cheap-as-chips like Microshite and Goonbubble do if that was the case. Apple are premium priced products to the smarter consumers who recognise innovation (early up-takers)
I agree Windows 8 is looking like a failure... so were the previous 7, the company is toxic (monopolist) garbage
Remember, there are more alternatives than windows - I agree metro looks like a fail. I use linux, and it's so customizable that I can make it apple like or much more power user friendly than any windows is - even run the other opsys in windows under linux should I need windows or mac only tools for something.
I do the computers for the neighborhood here - favors for favors. I use linux all the time for that, as I can customize it for just the type of user I've got, remote admin it if necessary and all the cool stuff. It's like being the maytag guy used to be. Sure, I get a call now and then, but it's about other stuff - did you pull the plug out of your printer again? Are there batteries in your camera and so on. Or, click here and here, and get this free app that solves the problem you're calling me about. It's a pretty good deal for me, as the people I serve are sort of allergic to owing favors, so getting paid one way or another is never a problem. The pay usually isn't money, but things like "you can use my big yellow machines to move dirt" or "here's some custom made furniture" or "want this old gun" or something like that -
Having said that, the new gnome3 or worse, unity also sucks. Everyone is now copying apple it seems (some doing better than the original). But hey guys, some of us still use desktops with 3-4 monitors and no touch screen, not fondleslabs. I type well over 100wpm on a real keyboard and a tablet takes that from me, while giving me nothing in return - less screen space for one. The new "tablet" GUI's really suck on a multi monitor desktop, all of them. I don't need to "explore" my computer to "discover" what I want to do today. I want every damn pixel for my apps, not big fat ugly icons, and a menu that has the decency to hide itself when I'm not starting something suits me fine.
I predict that other than some new successful android tablet, they'll learn and go back to the type of interface we've all learned to get the most out of at some point.
It's hard to believe they are all pushing that metro/unity crap this hard, the storm of disapproval is astounding, but they are ignoring it in the name of "convergence".
I guess when they "converge" on zero sales (what was wrong with windows 7 or Gnome? Not much) they'll pick up a hint.
On occasion it's hard to find some applications that have good counterparts. Even the basics of Windows Movie maker are helpful enough for a good ol' youtube upload. By chance what do you prefer to use in Linux for such purposes, if you have them?
" from pissing about finding 3 keys to just touching a glass screen is evolution, not return to Ape Man"
It's garbage to me.
What Kinect does, now that's cool. I need none of this touch-screen nonsense. Also the FLIR touch-screen technology isn't possible to combine with the Qualcomm Mirasol technology. THAT is kick-ass: it literally moves mechanical pixels to reflect different wavelengths of light so that ambient light, not a backlight, powers it. Apple can't do that.
In the short-term I'd much prefer Mirasol low-power vibrant color to Apple's touch-screen nonsense. I like touch-typing on a real keyboard and I don't like iPhones.
the older Windows stuff is actually more stable & takes less memory, that's why people are using it. Too many people can't handle any form of Linux just yet. Mac's are for the ultra-stupid who have money. The newest Windows is for the next layer of stupids with less money. The smarter people adopt only after 5 years of windows failures for the others. The smartest pick Linux.
If you can't innovate, litigate!
As soon as a company starts placing more emphasis on its army of lawyers than its products, you know its headed for the scrap heap.
I gave you a green - and even the winners often lose when they go there.
SCO
Novell (beat the microsoft funded SCO suit, but went bankrupt doing it and now all their IP is owned by a microsoft consortium)
Rambus
Oracle
There are a few more, just in tech, but those dead bodies ought to scare anyone. Google is going to kill Oracle shortly. How dumb to sue the worlds collection of information over eye pee - all their patents are falling like flies as google can find prior art better than, well, anybody. How dumb a prick is Ellison anyway?
Bernanke is being beaten with soap filled socks & phone books to QEuuuze some more by Jamie 'The Economy Doesn't Need More QE' Dimon & Vampirous Squid, but there's a true mutiny forming on Bernanke's crew against what's now widely noted and perceived as more Bank Welfare by a far larger swath of the public, and is trapped by gasoline prices that will be at $5 by May (not to mention exploding commodity prices elsewhere).
Doing the Vampire Squid's bidding has never been a more nervous decision for The Bernank and Zero.
It matters not. The entrenched cycle of expanding the Fed's balance sheet = destroying more demand in the economy is now firmly in place, and The Bernank has trapped himself.
Gasoline & grocery prices are going to be a big problem for Team ObaMao. What do they do when caught between increasingly rabid senior citizens and the banksters demanding more fiatski fed notes?
Well, shit, slave labor costs will double from one fiatsco/hr. to two.... how can that possibly be bulleesh for margins.
OMFG Apple has turned RED? Along with some other stocks? Is it iArmageddon?
When it can't get any better, it can't get any better.
It was a fat finger, AAPL back over $600
Smart ppl sell to dumb ppl atm. They sell for 600.
Green apple splatters
http://www.youtube.com/watch?feature=player_detailpage&v=NwcVJMvVWDA
Soverign Wealth US Equity Directive: Buy
Engage!
If Apple tumbles, the emperor will be seen as having no clothes. By that extension, the social network tulip (that advertising to nearly 1B users who won't buy anything and play games for free) would need to collapse as well. Am thinking Yelp, zynga, groupon, linkedIn (to a smaller degree).
The other hypothesis could be that consumers get a conscience and realize that their devices were made on $10 labour while the company they praise pockets $100B in cash...and growing.
Obama has the deficit in check, savings rate down.. earnings, i mean, wealth trasnfer is in check for the rest of this year.
$5 gas for election riots also 'check'.
I've been hearing the Apple death knell for the past several months. "Timber!"... remember that one when it was under $420? Broken clock... right twice a day and all that... Is today the big day??
Interesting to note that APPL and gold charts are roughly correlated apart from the last several months... So if QE3 were to boost gold, wouldn't it boost stocks?
It's amusing that so many people think that aapl is a bubble but think Amazon is a good investment even with their razor thin margins and p/e of 140+.
end of quater watch them close aapl in the green...
President Obama is about to announce the Keep America Moving Stimulus Program (nickname Scrapple for Apple):
All Americans, regardless of age or income, will receive a voucher for $2,500, that they can use to purchase products exclusively at Apple Stores.
This will have the double benefit of entertaining the plebes and keeping the NASDAPPLE painted green up through November.
*Scrapple for Apple vouchers have no cash value, and most definitely can not be used to purchase gasoline or food. See SPR Program and SNAP for further details on those Panem Programs.
What caused the 10:30 meltup in the market?
Europe close as usual
Talk about an Apple Spin machine fostered by network news.
Apple has crafted a campaign to get Americans to focus on Chinese working conditions and ignore that those jobs aren't in America.
Apple is asking every American to be a human resource counselor as opposed to being an American.
At the end of the day?
Do not care that Communist China participates in slave labor!
Do not believe the retoric that these products cannot be made in America while still offering a healthy profit margin.
Do not fall for this charade of an investigation that will "make things better" so you can happily go on using your iProducts guilt free.
BTFD..
//sarc///
Don't remind me of Lucent...plunging from 85 to 6....tech stuff is great when its great...stinks when it isn't.....
Wow I didn't think I'd ever hear the old LU story again! I was working for them when that happened and got clobbered. All the Legacy old timers kept saying it'll never go below 50....then 30....then 10. Lessons of youth!
I was working for them when that happened, too. Owned 50 shares. Not surprising given how much money they wasted...landscaping alone was like 60k per month
Well we got plenty of Apple worshippers here.....planning how they are going to spend their milions when they seel their stock in 10 years.
in the last 30 minutes of trading of the quarter in Europe, they managed to ramp all indices up 0.7-1% along an almost linear trend, after a (faked) drop of similar magnitude in the two preceding hours, to close near the highs of the day.
how can everything be so correlated? I mean, one can overlay charts of indices of different countries having different stock components (some heavy in banks, others in tech), and still get almost perfect matches... And the ease with which the magical reversals are achieved just keep me stunned - almost like it takes peanuts to buy up all stocks in an index and obtain the same result in other indices.
How does their pump work? What leveraged products have instant almost programmed impact on all indices in trade? ETF's? Options?
Please someone enlighten me
LIBOR.
Bonds.
Insider trading.
Revolving doors of various gov'ts & various high-finance outfits + their client companies.
That can correlate markets pretty damn fast. Maybe not at first but give it a few years of that kind of behaviour & suddenly all the clocks tick precisely at the same femtosecond.
Tim Cook sold all his shares - When Captain of the ship abandons ship, you are a fool to stay on board.
Source?
R2K = 831
everything is screwed dowm tight
soybeans got 'loose' then sold off from the spike and it was shorted to get into corn and wheat longs
some guy did a whole analysis earlier this week on one these strings based on his "estimate" that WTI would close out the qtr @ 108 (WTI = 103.30); he may have been spamming his "site" too!
people are so far ahead of themselves it isn't even funny but it keeps me in stitches, anyhow
centralPlanningTM may have some incredible successes on the way to the mistake fatale; people who don't know their history and the actual terrain (as opposed to the maps) are the archetypal blindGuides of today. archetypal. blind. guide.
the propaganda about the cPlanning is awesome here, but very few bloggers except myself and robo_T have ever given "them" credit for keeping the ball in play much less for a short-term winning strategy
"they" may have these "markets" right where "they" want them; doesn't mean it will be like that tomorrow or next week, but if people can't smell the freaking coffee today, they may be, in a certain respect, sense-less!
Damn it! I knew I should have sold my 10,000 shares at $600. Of course I also forgot to buy 10,000 shares at $10.
I've been talking to a few people about this, but I wonder how fellow ZHer's feel. I own both platforms, PC and Apple products. I've done some development work for iPhone and Android. What I notice about how Apple's products are designed, at least from the user-interface level, is they discourage any curiosity of the underlying system.
You'd have to jail-break your phone, if you even knew how to go about it (even with a million web pages you'd be surprised how many iPhone users aren't even aware you can do this), and install some custom apps to get a terminal window, and take a few more steps to set up SSH so you can connect to the device.
Lets face it, most smartphone users, and I'm including Android to a degree here - some just bought it as either being open-source oriented, or they didn't want to spend the extra bucks for Apple hardware - they aren't going to bother going through any of these hoops to get access to the underlying machine.
So, we have phones in pretty cases that aren't exposing anything about how they work or the information they store unless you spend the time to dig into their systems. I think this is extending to rational thought processes. Now, its "There's an app for that" instead of figuring out certain logistic problems on your own. Take someone who's recently graduated, and throw them a problem that doesn't have a "Fill in the circle next to the letter" kind of answer.
Instead, give them a problem that requires them to break down an approach into discrete steps they have to detail and give supporting reasons for. I'm sorry to say that many of these people won't have the skills necessary to even ask the right questions, much less diagram a way to get there.
So, is this a function of hiding all the 'ugly' handles and terminal windows from electronic devices, or something even more systemic?
It leaves me with an uneasy feeling about the future...
In a sense it could be good to require some knowledge and persistence to get inside a modern complex device. You wouldn't believe how many angry calls to support it generates anyway, with some user who did this wrong then saying "it just quit working".
On the other hand, yeah - it's pretty obvious to me people are getting dumber, lots. Remember, you used to have to know greek or latin to even get out of prarie "high school" back in the day, and you had to know basic physics, math up to calculus, and chemistry including bonds and KSPs to get out of high school when I went.
You can now get an expensive degree and not know any of that stuff...it's amazing. Once we decided everyone had to get college to get a chance in life, it degraded college so much it's now just high school again - and high school is a joke.
the low doesn't register here, http://stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=0&mn=0&dy=20&id=p72869728198