Apple said they were going to buy back shares and i bet they started today since price were low
why wouldn't they buy back at this cheap prices? Also, i think they bought right where support was needed, triggering violent moves. Today's technical bounce was triggered by buy back program.
Moral of this thread.
Never argue with an idiot. They will only bring you down to their level and beat you with experience.
Whatever or whoever it is, let them buy all they want for 10 years from now.
I heard a rumor that the Apple BOD authorized an "accelerated" buyback because of the opportunistic value of the stock price. The 1st Qtr EPS will be even better now. I really doubt this is what is happening, but you never know.
Why would the EPS be better ? AAPL buying back shares does not change the number of shares outstanding.