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Apple (AAPL) -1.6% premarket, adding to a 6.4% Wednesday drop that seems to be related to higher...

  • Thursday, December 6, 2012, 9:17 AM ET
    Apple (AAPL) -1.6% premarket, adding to a 6.4% Wednesday drop that seems to be related to higher margin requirements, though a Digitimes column and even IDC's tablet share forecast have been named as possible reasons. TA believers note shares are nearing a "death cross" - the point where the 50-day moving average drops below the 200-day average. A Birinyi analyst observes Apple has historically struggled in the month following a cross, but outperformed in the following 3 months. Shares are back to trading around 8.4x FY13E EPS exc. cash.
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This news story has 13 comments:

  •  
    518, now 534. This stock is the poster-child for volatility.
    6 Dec 2012, 09:43 AM Reply Like
  •  
    Sure, it can be unsettling. However, this is a great technical sign. I hate technical analysis, and I'm much more inclined to buy fundamentals, but seeing as many investors pay attention to them, it's a great sign.

    Look at Apple's 1 month chart, and you can see Apple's support at a ~$525/share Fibonacci Retracement point. It was around that point and recovered more than $20; the stock finally has a clear bottom around that point.
    6 Dec 2012, 10:21 AM Reply Like
  •  
    you're right. It seems to have support there. Makes the investors feel more comfortable (as opposed to the traders who are having a field day with this stock)
    6 Dec 2012, 10:38 AM Reply Like
  •  
    Shares trading at a lower p/e than Cisco. Is that not dumb.
    6 Dec 2012, 09:48 AM Reply Like
  •  
    I think the big washout has ended. Shares should be back in the 550s by the end of the day.
    6 Dec 2012, 09:57 AM Reply Like
  •  
    Analyst complain that Apple is not inventing anything new now that Jobs passed. Apple is not a inventing company and never has been. They did not invent the PC (iMac); or the lap top (MacBook); or the MP3 player (iPod); or the smart phone(iPhone) or the tablet (iPad). They just copied inventions others made and improved on them to make them better, much better. That has not changed. They know how to make a good idea much better. That is there nich and no one does it as well.
    6 Dec 2012, 10:01 AM Reply Like
  •  
    The current daily chart looks like a classic double bottom. But, time will tell.
    6 Dec 2012, 11:37 AM Reply Like
  •  
    I think you are right Bear Bait.
    6 Dec 2012, 11:47 AM Reply Like
  •  
    If I bought at 250 and my taxes for capital gains next year from 15% to 40%. Would you not sell and take 15% now, then buy in 30 days. I bet in Jan there will be a massive spike when everybody gets back in.
    6 Dec 2012, 01:13 PM Reply Like
  •  
    your cap gains will only go back to 20% plus the 3.8% IF you make more than $250,000. So the max rate on long term cap gains (held more than a year) will be 23.8% maximum even if we go off the cliff and nothing is done. Cap gains rate only goes back to Clinton era rates of 20%.
    6 Dec 2012, 03:05 PM Reply Like
  •  
    To be clear, no matter HOW MUCH YOU MAKE, if nothing is done on the fiscal cliff, your top long term cap gains rate will be 20% if you make under $250,000 and 23.8% if you make MORE than $250,000. Stop scaring people.
    6 Dec 2012, 03:07 PM Reply Like
  •  
    That's a 50% relative increase in capital gains rates for people making over $250K/year. A 33% increase for those who don't.
    6 Dec 2012, 03:12 PM Reply Like
  •  
    It goes up 5% which at $500 a share, you can make up if Apple goes up $25. By the way, the 30 wash rule does not apply to gains so you dont have to wait for 30 days. You can sell and buy it back in the same day. The 30 day wash rule only applies to losses not gains.
    6 Dec 2012, 10:22 PM Reply Like
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