Apple said that if the EU's investigations concluded against Ireland, the company could be required to pay past taxes for up to 10 years "reflective of the disallowed state aid."
Totally knew there was a reason why...insider trading...obviously.
This article is posted in the headlines in yahoo finance. Go check it out.
Apple warns of 'material' financial damage from European tax probeat Financial
SEC has to look into this activity....it is obviously manipulated...totally doesn't make sense and the world knows it. I bet we find out in a few years that arrests are made in sometype of illegal trading scheme.
Mark this post...look at the charts.
Nothing new at all...look at the last 10 earnnings....almost always sells off after. One part is that thousands of mutual funds have to reduce their holdings as Apple's appreciation pushes it above a certain allowable percentage (usually 5%).
Stupidity will over time loss to intelligence. Clearly this daily activity makes nosense but don't fall victim to it. Just look at historically charts...as well, what company is a better investment than Apple? none that I can see.
If they had any brains they would be! Why wait when it's $140 a share! Take advantage of this silly movement.
wonder if they will..
ah nope...this is the usual drop after earnings...mm's will save millions by crushing the weekly options for May 1/8...making them all worthless.
So Apple was worth more.....6 months ago BEFORE it comfirm another $120 Billion in profit....lol...and they say this market isn't fixed...right.