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Just how heated has trading in Apple (AAPL +3.8%) become? With 50.6M shares changing hands...

Just how heated has trading in Apple (AAPL +3.8%) become? With 50.6M shares changing hands today, Apple's dollar volume was roughly $30B. For perspective, the entire NYSE has seen an average daily dollar volume of $36.6B in February. Powershares QQQ (QQQ), the ticker with today's second-highest dollar volume, only saw $4B worth of trades. (earlier)
Comments (32)
  • 1980XLS-2.0
    , contributor
    Comments (525) | Send Message
     
    It's all Fun and Games, 'till somebody gets hurt.
    14 Mar 2012, 06:25 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8143) | Send Message
     
    ...beginning to feel like a bubble.
    14 Mar 2012, 06:33 PM Reply Like
  • D_Virginia
    , contributor
    Comments (2280) | Send Message
     
    Let's be honest here, they're not changing "hands" so much as they're changing bits and bytes among the algorithms.
    14 Mar 2012, 06:34 PM Reply Like
  • 1980XLS-2.0
    , contributor
    Comments (525) | Send Message
     
    D V

     

    Likely right.

     

    Perhaps 90% is Bots swapping.

     

    The other 10% investor B/A data being played on.

     

    That said, anything that has gone up so much, so fast, can pull back.

     

    But, on any measurable Metric, AAPL not really overvalued.
    14 Mar 2012, 06:39 PM Reply Like
  • D_Virginia
    , contributor
    Comments (2280) | Send Message
     
    Agree about the metric valuation -- but if it were humans trading, it would have pulled back by now on sheer psychology.

     

    And if it were long-term investors trading, then either it wouldn't have come so far so fast in the first place, or it would have hit $1000 by now. :)
    14 Mar 2012, 06:50 PM Reply Like
  • Ananthan Thangavel
    , contributor
    Comments (828) | Send Message
     
    The valuation metrics, earnings prospects, or any fundamental of Apple whatsoever have not changed in the past 8 days, yet the stock is up 14%. If that's not massive speculation, I don't know what is.
    14 Mar 2012, 06:56 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8143) | Send Message
     
    The smart move is to wait for a 7%-9% correction then jump in with both feet if you believe the world won't get bored with Apple products sooner than later!
    14 Mar 2012, 06:59 PM Reply Like
  • dab3z
    , contributor
    Comments (312) | Send Message
     
    It's called an upside correction for an undervalued company.
    14 Mar 2012, 07:49 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8143) | Send Message
     
    Nope.

     

    Its HFT...

     

    http://econ.st/wNknv7

     

    People haven't all of a sudden discovered a value...

     

    Algorithms just have discovered a pattern.
    14 Mar 2012, 08:22 PM Reply Like
  • elt10
    , contributor
    Comments (24) | Send Message
     
    The NYSE did 4.3 B shares today. So the average share price on the Big Board is eight bucks? I find that hard to believe...
    14 Mar 2012, 08:12 PM Reply Like
  • Joe Eifrid
    , contributor
    Comments (336) | Send Message
     
    DELL's EV is $25B, so at its peak today, AAPL gained the value of DELL in one day.

     

    I just ran another screen. At AAPL's peak today their increase in market cap today alone was larger than the total individual market cap of companies like AMT, EL, COH, MRO, NSC, PSA, RAI, MOS, CMI, ACE, TYC, VIAB, RBS

     

    Or, looking at it another way...more than the market caps of UA, PNRA, HRB, FL, and LVLT COMBINED!
    14 Mar 2012, 08:32 PM Reply Like
  • Dialectical Materialist
    , contributor
    Comments (4458) | Send Message
     
    "DELL's EV is $25B, so at its peak today, AAPL gained the value of DELL in one day."

     

    When you put it that way it doesn't seem like so much!
    15 Mar 2012, 03:35 AM Reply Like
  • J 457
    , contributor
    Comments (947) | Send Message
     
    This AAPL story will end very badly and hurt many people. At some point the equity becomes a systemic risk to the entire market, and just like the financial crisis of 2008-09, what will happen if some black swan event topples AAPL. Would the entire market drop 20-25% erasing trillions in paper gains for dozens of leveraged pension funds. I can only hope regulators are watching and preparing to step in as needed. When the funds and HFT's start selling this will be an ugly mess.

     

    At the end of the day just remember; all this firm produces is electronic toys for adults, nothing more. AAPL does nothing to improve the country other than offer cheap entertainment. If anything their apps are more a distraction from where people should be focusing their attention- govt spending, debt, trade deficits, energy, infrastructure, increasing USA manufacturing, education, environment- I don't see any apps fixing those issues.
    14 Mar 2012, 09:59 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8143) | Send Message
     
    Good post.

     

    Apple is tremendously successful but the company hasn't patented cold fusion or invented a salt water powered engine.

     

    Apple provides a cool way to read the newspaper on the bus or get directions to the drug store via a computerized voice.

     

    Cool but not essential to life.

     

    It is o.k. to appreciate a company without joining a cult.
    14 Mar 2012, 10:02 PM Reply Like
  • D_Virginia
    , contributor
    Comments (2280) | Send Message
     
    > AAPL does nothing to improve the country other than offer
    > cheap entertainment.

     

    Oh come now, that's much too harsh.

     

    Their products are certainly expensive compared to functionally similar competitors, but they do add value. While it pains me to pay the 30% Beauty Tax on all of Apple's hardware, I think the App Store is the best thing to happen to mobile phones since email.

     

    Though I very much dislike their marketing, making starving college kids think they need a Mac when a PC would meet their needs for barely more than half the price -- it's like marketing sugary snacks to obese toddlers, just plain unethical.

     

    It's also worth noting that many apps do in fact aid education; I'm hoping their new textbook platform takes off too, as it's quite well done.

     

    Of course, you're quite right about the other major national issues. But here are some websites that can help with that, if people would just consult them before they vote:
    FactCheck: http://www.factcheck.org
    Politifact: http://bit.ly/xzCBor
    On The Issues: http://bit.ly/xNZKUp
    OpenSecrets: http://bit.ly/yFyPoO
    ProPublica: http://bit.ly/xe9bNy

     

    And you can read all of them on your new iPad!!! ;)
    14 Mar 2012, 10:08 PM Reply Like
  • Dialectical Materialist
    , contributor
    Comments (4458) | Send Message
     
    J 457,

     

    For all your concern about political issues, you seem out of touch with what mobile computing means to both the economy and society as a whole. Did you know that one can watch political ads on You Tube from a smart phone or tablet? One can access the web in the middle of a debate with a person who is making claims that support his politics but disagree with the facts. You don't see apps improving education? You don't think news apps help spread the word about government spending and debt? And finally, did you know that our broadband and wireless networks are some of the most critical infrastructure we have in this nation? Hard to see how using a smart phone or a tablet would distract someone from the importance of infrastructure.

     

    Mobile computers are tools. They can be used for entertainment and business and education and communication. They are similar in this regard to telephones, radios, televisions, PC's and many other high tech devices. Your attempt to dismiss one of the largest producers of mobile computing and communication devices as a toy maker is very far out of step with reality.
    15 Mar 2012, 03:44 AM Reply Like
  • dab3z
    , contributor
    Comments (312) | Send Message
     
    Is there any ignore button feature here?

     

    The iPad is not simply a toy. Have you ever seen an autistic child use a learning app on it? You'd take back that petty last paragraph if you had.
    15 Mar 2012, 06:42 AM Reply Like
  • J 457
    , contributor
    Comments (947) | Send Message
     
    Like I said, its a toy. I have two tablets in my home, and two notebooks, and one computer. I primarily use the computer. My wife uses the tablet (Galaxy) to play on-line scrabble and shop for stuff. My kids use tablets to play video games and do algebra problems. I use the tablets once in awhile to read articles and surf the web. Yea, I can get directions, and I like the app where you can see constellations, and voice recognition is cool. I've found some AAPL users can't even tie their own shoes without an "app" showing them the way. This is not advancement, as much as replacing ones decision making abilities and common sense with that of a machine.
    15 Mar 2012, 12:23 PM Reply Like
  • J 457
    , contributor
    Comments (947) | Send Message
     
    No I have not. But maybe there's good use for this toy after all. Maybe good for stroke patients too. But its certainly not the first device of that sort, so don't tell me AAPL is the savior of the autistic child. It might be one of many tools to help improve the condition.
    15 Mar 2012, 12:26 PM Reply Like
  • Dialectical Materialist
    , contributor
    Comments (4458) | Send Message
     
    Is it still a toy when a doctor uses it to show someone the ultrasound of their new baby?

     

    I don't care if you want to ignore the idea that mobile tech is a paradigm shift that will drive the economy for the next decade or more. But for investors, such a blind spot could be a costly mistake.
    15 Mar 2012, 03:05 PM Reply Like
  • 1980XLS-2.0
    , contributor
    Comments (525) | Send Message
     
    Are you saying an I -pad is the only device that can display a camera Image?

     

    Apple makes a good product.

     

    However, EVERY single thing they make has an alternative available from a competitor,

     

    Unlike a company such as ISRG being a prime example.

     

    Just Sayin'
    15 Mar 2012, 05:02 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8143) | Send Message
     
    Apple products seem to be very well designed versions of stuff that already exists. Steve Jobs didn't invent the light bulb or the combustion engine...he invented the "cool" light bulb and the "cool" combustion engine.

     

    What can you do with an Apple product that:

     

    1. is essential to life?

     

    -and-

     

    2. can't be done with another company's product?

     

    Despite the best intentions of competitors, you can't knock Coca-Cola off its throne or Exxon-Mobil off its throne.

     

    But can you guarantee that Apple products will have the staying power of Kraft products, Johnson & Johnson products or the aforementioned Exxon-Mobil and Coca-Cola products?

     

    If you are one of the geniuses who bought Apple @ $8 in 2002 then congratulations! I admit, I wasn't smart enough to see the future of touch-screen toys like Apple longs did (we all can't be superior geniuses, after all). I mistakenly thought Apple was a large technology company specializing in higher quality personal use digital gadgets. Apparently, it is much, MUCH more. It is different this time. Apple shall reign supreme for decades and so on and so forth.

     

    If you get in now your returns over time will be good but not great. Apple is a great company but I still contend that it is just a company not a new way of life.
    15 Mar 2012, 05:38 PM Reply Like
  • Dialectical Materialist
    , contributor
    Comments (4458) | Send Message
     
    "Are you saying an I -pad is the only device that can display a camera Image?"

     

    I'm not sure how you get that from what I said. The iPad is not the only device that can do ANY of the things I talked about. The iPad (and the iPhone) are simply mobile computers. There are plenty of other vendors who make mobile computers. What I took issue with was the characterization of Apple as a toy company. If someone called Ford a toy maker and you said "How is something that gets me to and from my job a toy?" And someone asked "Are you saying the Ford Focus is the only thing capable of carrying you to and from work?", you would get an idea of the logical mish mash we are in.

     

    No, of course Apple is just one company producing mobile products. These other companies will have other products and strategies and will compete with Apple in the mobile space. But to view (as an investor) this as a battle of toy makers looking for the next hot gadget is to miss that these things they are making are mobile computers. These devices are and will continue to be transforming society -- business and the economy, politics, governments, and even families -- more than even the personal computer. You could call a telephone a "useless toy" in the 1920's, but you would miss the economic and social transformation it would bring about. And that is what I am getting at. If investors think that we are watching a battle fashion accessory makers and not a battle of the next transformative technology, they will improperly discount the scope and potential of these mobile device companies. Apple does not have to come out on top of this battle. It may or may not succumb to competition in the coming years. But this is not the story of a toy maker. It may make one feel clever to use such a quip, but it shows a world view that is very much out of touch with the speed of change of technology. Being out of touch is generally a bad thing for an investor.
    15 Mar 2012, 05:41 PM Reply Like
  • 1980XLS-2.0
    , contributor
    Comments (525) | Send Message
     
    They make innovative quality products, that are able to command premium pricing. And they have executed well with quality management. Hence the excellent results for investors.

     

    That may not be true forever, nor are they some kind of
    "God's Gift to Mankind" that some people seem to ellude themselves to.

     

    They make nothing in which an alternative does not exist
    15 Mar 2012, 05:49 PM Reply Like
  • J 457
    , contributor
    Comments (947) | Send Message
     
    That's a good way to look at it. I think AAPL will have a big presence, until they don't. How many others are out there right now working to replicate the APPL product line for half the cost? I suspect many. Someday something new and better and "cooler" will appear and AAPL will gradually lose their followers. The legions of superficial sheeple will make their way toward whatever the new gadget is and once again you'll read about how life changing the latest and greatest it has become. Is it cloud computing, or FB, or alternative energy...who knows, but it will be something, it always is.....always. Maybe we'll be lucky enough to buy into it at $8.
    15 Mar 2012, 08:00 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8143) | Send Message
     
    If Google and IBM and HTC and Samsung and Microsoft and Mozilla and HP and Dell and Sony and hundreds of smaller competitors didn't exist then Apple would have smooth sailing into the future.

     

    Apple has about a trillion dollars of R&D working 24/7/365 to take it down.

     

    Thus is the way of TechWorld.

     

    Always has been...always will be.
    16 Mar 2012, 08:59 AM Reply Like
  • ATG1977
    , contributor
    Comments (159) | Send Message
     
    There will always be haters
    14 Mar 2012, 11:00 PM Reply Like
  • benfromchicago2689
    , contributor
    Comments (61) | Send Message
     
    I am not an Apple fanboy but all of you Apple haters should read article like this:

     

    http://bloom.bg/yWpNF3

     

    Devices like iPad do have their functions in real life.
    15 Mar 2012, 12:18 AM Reply Like
  • lsposato
    , contributor
    Comment (1) | Send Message
     
    I've been investing in APPL for over 2 years now and watched it climb
    and go down for short periods. I bought my first batch at 140 and then on dips all the way up to the present value. It looks as good today as
    it ever did from an earning view and is still cheap. People were saying the same thing when the stock was 290,390, 490, and now at 590.
    When their P/E is 17 or 20 then start to worry. The earning growth is
    accelerating and could hit 50/share in 2012. Get in while you still can!
    15 Mar 2012, 02:25 AM Reply Like
  • J 457
    , contributor
    Comments (947) | Send Message
     
    Isposato- I really hope you take profits.
    15 Mar 2012, 12:15 PM Reply Like
  • FleetUSA3226
    , contributor
    Comments (695) | Send Message
     
    Sounds like Dutch tulips in 1637.

     

    Yes, it is a fine product but the mania driving the price higher each day? What goes up must come down.
    15 Mar 2012, 07:09 AM Reply Like
  • Dialectical Materialist
    , contributor
    Comments (4458) | Send Message
     
    Remind me what the forward PE was on Dutch tulips again.
    15 Mar 2012, 11:10 AM Reply Like
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