Wednesday 15 February 2012

And not long after I took those screenshots;

Apple Intraday sold off $24 after it hit the intraday high of $526...




Headline of the year award goes to Zerohedge for....


"Newton Is Back As Apple Finally Falls"


Excerpt

"Chatter of a QQQQ rebalance (Apple is up ~50% from the last rebalance compared to 10% for NASDAQ) seems to be stumbling the iEconomy as AAPL goes red. Now, which of the 209 funds will be first out of the door? and which last? Volume is picking up for sure and options (esepcially short-dated) are getting very excited. Of course, broad indices are losing their bid implicitly as ES drops below the pre-China rumor and post-Samaras pop levels. Perhaps it is the recognition that we sold off 7% in a week after the last QQQQ rebalance (April 2011) and the pre-move was nothing compared to this..."

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