TheStreet claims that Apple's stock took a dip amidst gossip that Apple was reducing production of iPhones from "9 million units to 4.5 million units," according to a note from Miller Tabak & Co.
Article Link
Which suggests to me some kind of upcoming design or technical amendment. Perhaps a 3G variant for Europe?
Yup, stock manipulation...Follow-up:
However, Miller Tabak analyst Peter Boockvar later told AppleInsider that his firm authored no such note on Apple. Instead, he said, gossip was passed along during a telephone conversation and was subsequently overblown.
"Disregard it. There's no note on Apple today," Boockvar said. "It's pure noise."
Any long term investors would just use this day to back up the truck and buy more Apple stock.
jon
yep. looking at the longterm moves apple is making, AAPL at $130 is a bargain. hell AAPL at $250 is a bargain.
If this is their way of accomplishing it, with pretty good result today looking at the stock, the SEC should investigate those tactics."act as agent on behalf of sophisticated institutional investors, executing trading and hedging strategies imaginatively and aggressively."
Gee, I wonder if that's because no-one can actually afford it, develop real apps for it, and it runs on AT&T's turtle-slow data network?
Ah, but it's... "No-one"
Can it be argued that the stock is highly over priced to begin with.