Never. Someone is on control and no matter what the news, it can't move.
These $50 swings are nothing it's ever seen either.
Just sad how someone can bear raid a company, wipe out $200 billion market cap and wipe out investors like what happened in the 2008 financial crisis.
Sentiment: Strong Buy
If you see APPLE taking 30% off across the board products including apps. The margins for those cheap plastic products will be much less (more than likely 30-50% less) and damage the APPLE premium brand. Soon the funds will make AAPL 30% off as well.....
No one bear raided anything. You had every Tom #$%$ & Harry long the stock expecting it to go to 1500 & that's never a recipe for a stock to go higher. Trade the ' price trend' of the stock-ONLY-not news. Turn off the TV. It's not that difficult to determine a price trend & trade it.
Yep, it's called a bubble. Just look at the chart of apple (over 5 years). This stock acting EXACTLY like a bubble. Big crash yet to come. Can you only imagine if they miss the next earnings? below $500 for sure. People are in denial cause they are long apple. Same thing happened to people in the housing market during bubble.
Sentiment: Strong Sell
I agree. And all of this in the face of a much higher market. We would be easily in the 400's if the market sold off as well. And it very well may as we get closer to March 1 and the debt ceiling/gov't spending battle.
I Agree amazing..... Its actually worse then the financial crisis .... Because there is no news that would bring down this stock.... Even if it was a bellweather stock it would not move this bad..... This move is considering apple losing 30% of its sales and profit in the next 12 months..... That is big for any company