Apple is all out, supporting Product RED. It even ensured that its stocks go into the Red for a bit.
Then, as usual, Carl Ichan spoiled the party by buying more and more and propped up the value again!
yes, i was checking Apple website on Black Friday for some -10% discounts for products but only found some AIDS donation, quite mismatch what potential customer looking for and what finds. So i left disappointed and bought nothing.
There's been plenty of guessing and speculation as to the exact reason for the sell off.
One interesting explanation that I read had something to do with big traders needing to meet margin calls on tumbling oil, and they sold off AAPL to raise some funds.
I'm pretty sure it was a mistake, either by a manual trader or an HFT system. The stock dropped $5.73 between 9:50 and 9:51 AM. Traders would only intentionally dump that much stock that fast if there was a major news event (e.g. California fell into the sea). They would have to be sure that the stock was going to be worth a lot less in a matter of seconds. Otherwise, they would sell it in small lots to minimize the market impact. Both types of errors do occur, though. According to SEC rule15 c3-5, banks have to have systems in place to minimize this risk, but there's no clear definition of how that system should work.
[B][I][SIZE=5][COLOR=#f06]THIS NEVER HAPPENS WITHOUT High Frequency Traders' WRONGDOINGS !
[B][I][SIZE=5][COLOR=blue]It's HIGH TIME for Public Citizens to Investigate & Scrutinize WHOLE HFT?High Frequency Traders Such As KCG and Vertu?'s Trade Acts, Practices & Logs Including Such Illegal Acts As " Front Running " " Spoofing/Layerring " " Algorithmic Trading " etc. !
[B][I][SIZE=5][COLOR=#39c]Such Conversations Are " Not Unusual AT ALL " Among Those who Are Engaged in Market Business These Days As THIS.
[B][I][SIZE=5][COLOR=#f09]" Market is RIGGED ! "
" There Exist SHENANIGANS in The MARKET. "
[B][I][SIZE=5][COLOR=blue]It is Said that VILLAIN IS NOW PLANNING ANOTHER Lehman Bros. COLLAPSE on Sept. 15, 2008 that Robbed and Exploited HALF OF WORLD's WEALTH Then by Conducting HFTs' Evil Trade Advantages.
So Before IT'S TOO LATE, We Have To Take Action ! [/COLOR][/SIZE][/I][/B]
I actually got some at $95.08 in pre-market on Oct 21, and it would've been $94 or a wee bit less if I had realized sooner I was making my orders in the regular session area of Scottrade instead of the pre-market area.
That's a pretty good price, at least for the past few months. I assume that you're still holding them?
I think that some charts don't take into account pre/after market prices, so the chart that I was looking at probably falls under that category.
Still holding. It was well below my previous selling price. My only regret was not buying back all I had sold, but hindsight is always like that.
You're right about the charts and reported prices. I only posted to illustrate the extremes you can sometimes catch in the pre/after markets. I was awake and thought that drop was especially dumb so took advantage. It didn't last long at all. I'd guess it was only a couple of minutes of placing an order and seeing it not go through before I realized I was placing market orders and needed to go the pre/after market area.
As for yesterday's sudden drop, the other theory I heard was that a large holder dumped a ton of shares to trigger a stop loss crash, i.e. a sort of bear raid.
How is it that Microsoft was up almost 2% today when most tech stocks were in the red? Is Satya Nadella getting the benefit of the doubt Tim Cook never got after Steve Jobs died?
I think the sentiment is that many people believed that it was impossible to find someone as good as Jobs while it was also that it was impossible to find someone worse than Ballmer.
Funny how the guy who said the iPhone 6 would be a bust is driving the stock down today yet a bullish research note from Merrill Lynch plus price target increases from Barclays and others does nothing.
I think the sentiment is that many people believed that it was impossible to find someone as good as Jobs while it was also that it was impossible to find someone worse than Ballmer.
So basically Satya Nadella (and thus Microsoft) is benefiting because he's not Steve Ballmer.
The Stock Market: Based on nothing. Existing only to sustain the 1%
Stock Market valuations may not be based on much reality and the day-to-day changes in stock price of a given company makes no sense whatsoever, but investments sustain far more than the 1%. A very large percentage of both privately and publicly employed people have either pensions or 401Ks that are invested in the market. And that's aside from the millions who invest on their own.
I'm nowhere near the 1%, but I'm 2/3 invested and I've done extraordinarily well the last six years and especially last year. While I still work, I don't really have to (unless the market crashes again, which is certainly possible).
Read CNBC said someone meant to sell 6500 shares and instead sold 6.5 million. If true, I wonder which company is going to be shut down and whether the SEC will do anything about it. It's scary how quickly a fortune can be lost when computers are involved in the trading, especially when someone on too much caffeine is typing too quickly. AAPL still feeling the effects today. I also read an article about all the bears being paid off by that drop. Makes one suspicious of their motives when we haven't heard much from that group for a long time.
Read CNBC said someone meant to sell 6500 shares and instead sold 6.5 million. If true, I wonder which company is going to be shut down and whether the SEC will do anything about it. It's scary how quickly a fortune can be lost when computers are involved in the trading, especially when someone on too much caffeine is typing too quickly. AAPL still feeling the effects today. I also read an article about all the bears being paid off by that drop. Makes one suspicious of their motives when we haven't heard much from that group for a long time.
There's nothing lost there, that company could still buy again today and perhaps tomorrow and ends up with more..
THIS NEVER HAPPENS WITHOUT High Frequency Traders' WRONGDOINGS !
It's HIGH TIME for Public Citizens to Investigate & Scrutinize WHOLE HFT?High Frequency Traders Such As KCG and Vertu?'s Trade Acts, Practices & Logs Including Such Illegal Acts As " Front Running " " Spoofing/Layerring " " Algorithmic Trading " etc. !
Such Conversations Are " Not Unusual AT ALL " Among Those who Are Engaged in Market Business These Days As THIS.
" Market is RIGGED ! "
" There Exist SHENANIGANS in The MARKET. "
It is Said that VILLAIN IS NOW PLANNING ANOTHER Lehman Bros. COLLAPSE on Sept. 15, 2008 that Robbed and Exploited HALF OF WORLD's WEALTH Then by Conducting HFTs' Evil Trade Advantages.
So Before IT'S TOO LATE, We Have To Take Action !
Yes we need justice just like in Ferguson:) actually in all seriousness here justice needs to be done!
<div class="quote-container" data-huddler-embed="/t/183677/apple-stock-hit-by-brief-mini-crash-of-over-6-percent-before-rebounding#post_2646451" data-huddler-embed-placeholder="false"><span>Quote:</span><div class="quote-block">Originally Posted by <strong>HAMETA</strong> <a href="/t/183677/apple-stock-hit-by-brief-mini-crash-of-over-6-percent-before-rebounding#post_2646451"><img src="/img/forum/go_quote.gif" class="inlineimg" alt="View Post"/></a><br/><br/><b><i><span style="font-size:24px"><span style="color:blue">Are YOU?Healthy Long-Term AAPL Owners? Ready to File A Class Action Suit Against HFTs & FINRA ?<br />
<br />
<b><i><span style="font-size:24px"><span style="color:#f09">VILLAIN's Malicious Scenario is INVOKING AGAIN !<br />
<br />
<b><i><span style="font-size:24px"><span style="color:blue">5.95 points PLUNGE in less than 1 min—it was algorithmic trading, DEFINITELY !<br />
<br />
<a href="http://forums.appleinsider.com/content/type/61/id/52966/"><img data-type="61" data-id="52966" alt="" src="http://forums.appleinsider.com/content/type/61/id/52966/width/500/height/1000"></a><br />
<br />
<br />
<b><i><span style="font-size:24px"><span style="color:#f09">MINI REMINISCENCE of " Flash Crash " on May 6, 2010.<br />
<br />
<b><i><span style="font-size:24px"><span style="color:blue">Flash Crash - en.wikipedia.org/wiki/2010_Flash_Crash?<br />
<br />
<b><i><span style="font-size:24px"><span style="color:#f06">THIS NEVER HAPPENS WITHOUT High Frequency Traders' WRONGDOINGS !<br />
<br />
<b><i><span style="font-size:24px"><span style="color:blue">It's HIGH TIME for Public Citizens to Investigate & Scrutinize WHOLE HFT?High Frequency Traders Such As KCG and Vertu?'s Trade Acts, Practices & Logs Including Such Illegal Acts As " Front Running " " Spoofing/Layerring " " Algorithmic Trading " etc. !<br />
<br />
<b><i><span style="font-size:24px"><span style="color:#39c">Such Conversations Are " Not Unusual AT ALL " Among Those who Are Engaged in Market Business These Days As THIS.<br />
<br />
<b><i><span style="font-size:24px"><span style="color:#f09">" Market is RIGGED ! "<br />
<br />
" There Exist SHENANIGANS in The MARKET. "<br />
<br />
<b><i><span style="font-size:24px"><span style="color:blue">It is Said that VILLAIN IS NOW PLANNING ANOTHER Lehman Bros. COLLAPSE on Sept. 15, 2008 that Robbed and Exploited HALF OF WORLD's WEALTH Then by Conducting HFTs' Evil Trade Advantages.<br />
<br />
So Before IT'S TOO LATE, We Have To Take Action !<br />
</span></span></i></b></span></span></i></b></span></span></i></b></span></span></i></b></span></span></i></b></span></span></i></b></span></span></i></b></span></span></i></b></span></span></i></b></span></span></i></b></div></div><p> </p>
Yes we need justice just like in Ferguson:) actually in all seriousness here justice needs to be done!
AFAIK, no law prevents a stockholder from selling their shares unless they actually work for the company in which they hold those shares, in certain cases.
The latter is not true, otherwise AAPL would basically track the major indices since gains and losses would balance each other out. Or more specifically, AAPL drops less than it rises.
AAPL outperforms the S&P 500 and Nasdaq-100. That means their downward swings are less than their upward swings.
I just learned something new today which made me think of my previous observation. I ran across the mathematical tool to track whether my hunch about tracking was true or not. According to the stock correlation calculator, in the last year it does match about 90% or 93% of the time compared to NASDAQ and S&P 500 (DJI doesn't seem to be working).
Comments
Apple is all out, supporting Product RED. It even ensured that its stocks go into the Red for a bit.
Then, as usual, Carl Ichan spoiled the party by buying more and more and propped up the value again!
yes, i was checking Apple website on Black Friday for some -10% discounts for products but only found some AIDS donation, quite mismatch what potential customer looking for and what finds. So i left disappointed and bought nothing.
I'm pretty sure it was a mistake, either by a manual trader or an HFT system. The stock dropped $5.73 between 9:50 and 9:51 AM. Traders would only intentionally dump that much stock that fast if there was a major news event (e.g. California fell into the sea). They would have to be sure that the stock was going to be worth a lot less in a matter of seconds. Otherwise, they would sell it in small lots to minimize the market impact. Both types of errors do occur, though. According to SEC rule15 c3-5, banks have to have systems in place to minimize this risk, but there's no clear definition of how that system should work.
[B][I][SIZE=5][COLOR=#f09]VILLAIN's Malicious Scenario is INVOKING AGAIN !
[B][I][SIZE=5][COLOR=blue]5.95 points PLUNGE in less than 1 min—it was algorithmic trading, DEFINITELY !
[IMG ALT=""]http://forums.appleinsider.com/content/type/61/id/52966/width/500/height/1000[/IMG]
[B][I][SIZE=5][COLOR=#f09]MINI REMINISCENCE of " Flash Crash " on May 6, 2010.
[B][I][SIZE=5][COLOR=blue]Flash Crash - en.wikipedia.org/wiki/2010_Flash_Crash?
[B][I][SIZE=5][COLOR=#f06]THIS NEVER HAPPENS WITHOUT High Frequency Traders' WRONGDOINGS !
[B][I][SIZE=5][COLOR=blue]It's HIGH TIME for Public Citizens to Investigate & Scrutinize WHOLE HFT?High Frequency Traders Such As KCG and Vertu?'s Trade Acts, Practices & Logs Including Such Illegal Acts As " Front Running " " Spoofing/Layerring " " Algorithmic Trading " etc. !
[B][I][SIZE=5][COLOR=#39c]Such Conversations Are " Not Unusual AT ALL " Among Those who Are Engaged in Market Business These Days As THIS.
[B][I][SIZE=5][COLOR=#f09]" Market is RIGGED ! "
" There Exist SHENANIGANS in The MARKET. "
[B][I][SIZE=5][COLOR=blue]It is Said that VILLAIN IS NOW PLANNING ANOTHER Lehman Bros. COLLAPSE on Sept. 15, 2008 that Robbed and Exploited HALF OF WORLD's WEALTH Then by Conducting HFTs' Evil Trade Advantages.
So Before IT'S TOO LATE, We Have To Take Action !
[/COLOR][/SIZE][/I][/B]
I actually got some at $95.08 in pre-market on Oct 21, and it would've been $94 or a wee bit less if I had realized sooner I was making my orders in the regular session area of Scottrade instead of the pre-market area.
That's a pretty good price, at least for the past few months. I assume that you're still holding them?
I think that some charts don't take into account pre/after market prices, so the chart that I was looking at probably falls under that category.
Still holding. It was well below my previous selling price. My only regret was not buying back all I had sold, but hindsight is always like that.
You're right about the charts and reported prices. I only posted to illustrate the extremes you can sometimes catch in the pre/after markets. I was awake and thought that drop was especially dumb so took advantage. It didn't last long at all. I'd guess it was only a couple of minutes of placing an order and seeing it not go through before I realized I was placing market orders and needed to go the pre/after market area.
As for yesterday's sudden drop, the other theory I heard was that a large holder dumped a ton of shares to trigger a stop loss crash, i.e. a sort of bear raid.
I think the sentiment is that many people believed that it was impossible to find someone as good as Jobs while it was also that it was impossible to find someone worse than Ballmer.
http://us.rd.yahoo.com/finance/external/forbes/SIG=13gnsj20r/*http://www.forbes.com/sites/chuckjones/2014/12/02/pacific-crests-apple-analyst-reiterates-selling-some-shares/?partner=yahootixu
Funny how the guy who said the iPhone 6 would be a bust is driving the stock down today yet a bullish research note from Merrill Lynch plus price target increases from Barclays and others does nothing.
So basically Satya Nadella (and thus Microsoft) is benefiting because he's not Steve Ballmer.
The Stock Market: Based on nothing. Existing only to sustain the 1%
Stock Market valuations may not be based on much reality and the day-to-day changes in stock price of a given company makes no sense whatsoever, but investments sustain far more than the 1%. A very large percentage of both privately and publicly employed people have either pensions or 401Ks that are invested in the market. And that's aside from the millions who invest on their own.
I'm nowhere near the 1%, but I'm 2/3 invested and I've done extraordinarily well the last six years and especially last year. While I still work, I don't really have to (unless the market crashes again, which is certainly possible).
Read CNBC said someone meant to sell 6500 shares and instead sold 6.5 million. If true, I wonder which company is going to be shut down and whether the SEC will do anything about it. It's scary how quickly a fortune can be lost when computers are involved in the trading, especially when someone on too much caffeine is typing too quickly. AAPL still feeling the effects today. I also read an article about all the bears being paid off by that drop. Makes one suspicious of their motives when we haven't heard much from that group for a long time.
Got that right. Flash crashes are machine-made opportunities that don't come around very often.
Read CNBC said someone meant to sell 6500 shares and instead sold 6.5 million. If true, I wonder which company is going to be shut down and whether the SEC will do anything about it. It's scary how quickly a fortune can be lost when computers are involved in the trading, especially when someone on too much caffeine is typing too quickly. AAPL still feeling the effects today. I also read an article about all the bears being paid off by that drop. Makes one suspicious of their motives when we haven't heard much from that group for a long time.
There's nothing lost there, that company could still buy again today and perhaps tomorrow and ends up with more..Are YOU?Healthy Long-Term AAPL Owners? Ready to File A Class Action Suit Against HFTs & FINRA ?
VILLAIN's Malicious Scenario is INVOKING AGAIN !
5.95 points PLUNGE in less than 1 min—it was algorithmic trading, DEFINITELY !
MINI REMINISCENCE of " Flash Crash " on May 6, 2010.
Flash Crash - en.wikipedia.org/wiki/2010_Flash_Crash?
THIS NEVER HAPPENS WITHOUT High Frequency Traders' WRONGDOINGS !
It's HIGH TIME for Public Citizens to Investigate & Scrutinize WHOLE HFT?High Frequency Traders Such As KCG and Vertu?'s Trade Acts, Practices & Logs Including Such Illegal Acts As " Front Running " " Spoofing/Layerring " " Algorithmic Trading " etc. !
Such Conversations Are " Not Unusual AT ALL " Among Those who Are Engaged in Market Business These Days As THIS.
" Market is RIGGED ! "
" There Exist SHENANIGANS in The MARKET. "
It is Said that VILLAIN IS NOW PLANNING ANOTHER Lehman Bros. COLLAPSE on Sept. 15, 2008 that Robbed and Exploited HALF OF WORLD's WEALTH Then by Conducting HFTs' Evil Trade Advantages.
So Before IT'S TOO LATE, We Have To Take Action !
Yes we need justice just like in Ferguson:) actually in all seriousness here justice needs to be done!
AFAIK, no law prevents a stockholder from selling their shares unless they actually work for the company in which they hold those shares, in certain cases.
The latter is not true, otherwise AAPL would basically track the major indices since gains and losses would balance each other out. Or more specifically, AAPL drops less than it rises.
AAPL outperforms the S&P 500 and Nasdaq-100. That means their downward swings are less than their upward swings.
I just learned something new today which made me think of my previous observation. I ran across the mathematical tool to track whether my hunch about tracking was true or not. According to the stock correlation calculator, in the last year it does match about 90% or 93% of the time compared to NASDAQ and S&P 500 (DJI doesn't seem to be working).