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There's panic in the pits as the bottom drops out of Apple (AAPL -0.2%), the stock giving up a...

There's panic in the pits as the bottom drops out of Apple (AAPL -0.2%), the stock giving up a 3% session gain and now showing a rare red print. Not surprisingly, it has pulled the major indices down to session lows. DJIA -0.5%, Nasdaq +0.2%.
Comments (23)
  • All should have a good laugh at that.
    15 Feb 2012, 12:56 PM Reply Like
  • Stupid ass.
    15 Feb 2012, 03:22 PM Reply Like
  • No, it really is fuckin funny. And so are you.
    16 Feb 2012, 08:47 AM Reply Like
  • Maybe I will be vindicated for selling AAPL yesterday.
    15 Feb 2012, 12:58 PM Reply Like
  • Probably should've sold today at about $525.
    15 Feb 2012, 06:50 PM Reply Like
  • -0.2% net move is the bottom dropping out?!?
    15 Feb 2012, 01:02 PM Reply Like
  • ONE STOCK LOLOL!!! If AAPL is up, then the markets up. If not, look out.

     

    BUY BUY !!!
    15 Feb 2012, 01:04 PM Reply Like
  • And it canĀ“t fall......what am I missing..oh thats right....its a divine right ...APPLE is God
    15 Feb 2012, 01:40 PM Reply Like
  • Panic! AAPL down .2%!!!

     

    That's got to be a sell signal.
    15 Feb 2012, 02:14 PM Reply Like
  • question is, what was the catalyst for today's explosion anyways?
    15 Feb 2012, 02:55 PM Reply Like
  • anyone wanna bet it makes it back in 2 days?
    15 Feb 2012, 04:55 PM Reply Like
  • Sure it will, that was my point, the BS started so someone could get in under $500.00......
    15 Feb 2012, 04:59 PM Reply Like
  • Brilliant. It was moving up too fast anyway. Funds have to rebalance (sell) as Apple was bursting its limits. Perfect time to catch a breather and buy on the dips. Many of us were merely dabbling at these higher prices, having sold off most after the last earnings announcement.

     

    Considering that Apple just crossed the historic $500 level two days ago, that it dipped marginally below $500 isn't exactly a bottom falling out. A month ago it was $80 cheaper.
    15 Feb 2012, 05:23 PM Reply Like
  • I bought more after earnings even.
    15 Feb 2012, 05:29 PM Reply Like
  • Panic! Run, run!
    15 Feb 2012, 07:23 PM Reply Like
  • Time to buy its going to take offa gain.Oh Yea!!!
    15 Feb 2012, 09:44 PM Reply Like
  • i was mostly in cash waiting for some really terrible bear signals from europe. then this morning, i thought, why stay in cash when i can easily earn 1% here and another 1% there on AAPL. i made my first move in AAPL today, and have lost some money. AAARGH!
    15 Feb 2012, 10:00 PM Reply Like
  • still a paper loss only, but disturbed with heavy selling and after-market loss of another few dollars. does anyone know how this ties to the technicals? will appreciate a lesson here on indicators, if there are any.
    15 Feb 2012, 10:01 PM Reply Like
  • The RSI showed a very high overbought level when the stock hit around $526. Given the very high volume, the computers probably took the overbought signal as an indicator to sell. Stops being fired carried the momentum downward. Some quick buying to cover shorts popped the stock back up for a while and more profit taking in the after hours from investors snapped back to reality by the down move.

     

    Of course I could be wrong.

     

    If I were you, I'd take a few deep breaths and relax. You'll have all your money back soon enough. Don't even think about selling....
    16 Feb 2012, 07:00 AM Reply Like
  • great insight - indeed, i am back in positive, and in quite a nice way. lesson: invest in real quality stocks and let it work for you. thx for the insight - your RSI comment makes sense!
    29 Feb 2012, 12:10 AM Reply Like
  • its time to buy now .Remember how many people made money today on it and will jump back in and score again. Awesome company awesome stock and awesome way to make $.The p/e and cash on the side didnt change!
    16 Feb 2012, 02:02 AM Reply Like
  • indeed, i should have bought more! what a handsome return it would have been in just two weeks time!
    29 Feb 2012, 12:10 AM Reply Like
  • Buy, let sit and forget. AAPL investing is pretty easy. At least for the next couple years I think.
    29 Feb 2012, 10:40 PM Reply Like
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