AAPL flash crash 5/14

Discussion in 'Apple, Inc and Tech Industry' started by HiRez, May 14, 2013.

  1. macrumors 601

    HiRez

    Joined:
    Jan 6, 2004
    Location:
    Western US
    #1
    AAPL flash crash in progress. Stock down $10 in the last few minutes, WTF is going on? Can't find any news on what is causing it.
     
  2. macrumors 603

    mobilehaathi

    Joined:
    Aug 19, 2008
    Location:
    The Anthropocene
    #2
    Stock was up 20% from 52-week low. Short term holders are probably cashing in.
     
  3. macrumors Penryn

    rdowns

    Joined:
    Jul 11, 2003
    #3
    A fall of less than 2% is hardly a flash crash. :rolleyes:
     
  4. macrumors 603

    mobilehaathi

    Joined:
    Aug 19, 2008
    Location:
    The Anthropocene
    #4
    The only rational move is to PANIC NOW!!!!!!!!!!!!!!!
     
  5. thread starter macrumors 601

    HiRez

    Joined:
    Jan 6, 2004
    Location:
    Western US
    #5
    For a day, sure, but more than $10 in a couple minutes though? mobilehaathi is probably right though, just short-termers cashing in all at once. Thought that usually happened on Fridays though.
     
  6. macrumors Penryn

    rdowns

    Joined:
    Jul 11, 2003
    #6
    It wasn't $10 in a couple of minutes. The stock had been down more than $2 all day when the hit occurred. You need to look at percentages, not dollar amounts, especially with a stock trading $450ish.
     
  7. macrumors P6

    Peace

    Joined:
    Apr 1, 2005
    Location:
    Space--The ONLY Frontier
    #7
    Well it's down 2% right now while all the other big tech stocks are up. Does somebody know something ?
     
  8. thread starter macrumors 601

    HiRez

    Joined:
    Jan 6, 2004
    Location:
    Western US
    #8
    Yes, thanks, I know what percentages are. The point is it was flat all day and then dropped off a steep cliff, that's all I'm saying. And I wanted to know why that was happening. I know stocks go up and down, but when I see sharp drops, especially with AAPL, I want to find out what's happening because with all the media attention it doesn't take much for AAPL to spiral out of control on one piece of bad news, or rumor, or analyst comment.
     
  9. macrumors regular

    Joined:
    May 13, 2013
    #9
    could be a big sale order went in. That going to push it down. Or some computers were watching it and a slight VERY slight drop tripped some sale orders which in turn tripped so more to cause it to drop by 2%.

    Really it is such a minor change it is not worth any thing.

    Also it is nearing the end of the day. You tend to see changes at the beginning and the end.
     
  10. macrumors Penryn

    rdowns

    Joined:
    Jul 11, 2003
    #10

    AAPL is a volatile stock. Movements like these have been quite common for almost a decade now.
     
  11. macrumors member

    Joined:
    Oct 29, 2007
    #11
    The stock is tanking. Perception is once again going south.

    Apple really is just sitting there like a big lumbering idiot with nothing to say.

    It's tragic really. They're just letting every other company on the planet out hype them. Terrible stuff.

    The stay silent approach is killing this company. Who cares how much money they make if they lose the equivalent in stock price.
     
  12. macrumors 68000

    MisterKeeks

    Joined:
    Nov 15, 2012
    #12
    I read this and I thought that you were joking.
     
  13. macrumors Nehalem

    GoCubsGo

    Joined:
    Feb 19, 2005
    #13
    I wonder if he is joking.

    Come on now, this happens frequently and Apple is not doomed.
     
  14. macrumors 601

    Joined:
    Jun 19, 2007
    Location:
    Plymouth, MN
    #14
    We have a winner! Stocks, especially volatile ones like apple are pretty much impossible to predict, and any one day result is pretty meaningless.

    My dad was the CFO of a company that would get bought up by Dell a few years ago - one day after an earnings call, their stock plummeted by a large number. I asked him if he was worried and if that meant anything bad. He said no, and said that you have to look at things in the long trend with stock value and that dips like this can happen and you should't read much into it unless there are other signs that there is trouble.

    Suffice to say, I would be concerned if Apple was loosing tens of billions of dollars, or their CEO said that the company would not be making their estimated goals, or that they were restructuring major parts of the company (note 2 executives being replaced is not what I am talking about here). The stuff that pundents talk about is not what the stock is based off of.

    Oh and my dad also told me that there are stocks out there whose performance doesn't always make sense and is so chaotic that people tend not to invest in for very long. It doesn't have anything to do with the company, just the money they are making. Being volatile just means that people buy and sell and speculate to get rich short term.
     

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