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Apple Stock Hit By Panic Selling: 'Someone Yelled Fire'
CNBC ^ | 15 November 2012 | John Melloy

Posted on 11/15/2012 12:51:18 PM PST by zeestephen

Apple plunged to a six-month low Thursday as funds rushed to take profits on the stock before it’s too late.

(Excerpt) Read more at cnbc.com ...


TOPICS: News/Current Events
KEYWORDS: hitech
The stock, once up 74 percent on the year, is still up 30 percent for 2012. That's why Wall Street is getting out while it can.

“Someone yelled fire in the theater where the hedge funds were safely booking their year-end profits—and as traders do, they will trample you trying to be first to get to the exit,” said David Greenberg of Greenberg Capital.

1 posted on 11/15/2012 12:51:21 PM PST by zeestephen
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To: zeestephen

and all the stocks that are up will lather, rinse, and repeat.


2 posted on 11/15/2012 12:56:41 PM PST by NonValueAdded ("Our president ... makes big speeches packed full of little ideas" Charles C. W. Cooke)
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To: zeestephen

What would have happened if someone had yelled “Surface!”, or “Nexus!” [/obscure reference to Kindle Fire tablet]


3 posted on 11/15/2012 1:19:55 PM PST by USFRIENDINVICTORIA
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To: zeestephen

The ‘new ipad’ and mini are clearly underperforming. Apple is one of those stocks that’s been such a bubble it’ll probably lose 50% over the next 3 or 4 years and stagnate at 200. Just like it did from the 80’s to 90’s.


4 posted on 11/15/2012 1:25:40 PM PST by Monty22002
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To: Monty22002

Not unexpected. The Jobs reality distortion field is clearly fading.


5 posted on 11/15/2012 1:49:41 PM PST by MetaThought
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To: Monty22002

They got to drop their price points or they’re going to eat a lot of plastic.


6 posted on 11/15/2012 1:50:05 PM PST by StAnDeliver (Own It.)
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To: zeestephen

Android Dominating Surging Smartphone Market

Maximum PC
Thursday, November 15, 2012

http://www.maximumpc.com/article/news/android_dominating_surging_smartphone_market724


7 posted on 11/15/2012 1:50:49 PM PST by Jyotishi (Seeking the truth, a fact at a time.)
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To: zeestephen

Interesting.
I was at a local “mall” today, something I do about once every six months.

The Apple store was mobbed, with a 10 person line waiting just to get to the door where there was a “bouncer”.

The Microsoft “Surface” kiosk had 5 employees and no customers.


8 posted on 11/15/2012 1:52:32 PM PST by nascarnation (Baraq's bankruptcy: 2016)
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To: zeestephen

Defending weak patents thru litigation is expensive when they put up a fight and sue you right back.

Look at the example of Apple I. Only game in town, Apple makes millions and stay’s proprietary. IBM comes out with PC and open architecture, the world is quickly swamped with PC clones and Intel gets 90% of the market.

Apple is running the replay with Iphone vs Android.


9 posted on 11/15/2012 1:56:17 PM PST by Usagi_yo
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To: Usagi_yo

Apple will try to hold out as long as it can. I remember during the PDA days, people were still buying black and white Palm Pilots even though ipaqs were more powerful. Of course, eventually Palm was completely wiped out.


10 posted on 11/15/2012 2:03:02 PM PST by ari-freedom (It's the bennies, stupid.)
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To: Monty22002

” Just like it did from the 80’s to 90’s.”

This time Jobs won’t come back to save them. Sounds harsh but it’s true.


11 posted on 11/15/2012 2:07:05 PM PST by ari-freedom (It's the bennies, stupid.)
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To: zeestephen

I am still amazed that there is no outrage by the MSM and progressives that most of Apple products are made overseas. Where’s the union protests? Where’s the progressive indignation? Why is the Food Stamp President not slapping tariffs on Apple products? Where is the MSM questioning the Chineese paying slave wages for Apple production workers?


12 posted on 11/15/2012 2:19:41 PM PST by RetiredTexasVet (The law of unintended consequences is an unforgiving and vindictive b!tch!)
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To: ari-freedom
Jobs may come back to save them, if his TV-related ideas pay off: Apple TV launch is "imminent".
13 posted on 11/15/2012 2:22:31 PM PST by AZLiberty (No tag today.)
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To: ari-freedom

MSFT is having a hard time too. I don’t ‘mind’ Windows 8, but they really gotta sell the deal that desktop/tablet/phone all being 1 linked OS is a winner. It can be too, but the desktop part could be a challenge since it’s so different. I’m getting used to it, but it might take years for the general person.


14 posted on 11/15/2012 2:22:31 PM PST by Monty22002
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To: RetiredTexasVet

Even worse for liberals: Apple gets non-stop promotion on the Rush show.


15 posted on 11/15/2012 2:25:21 PM PST by nascarnation (Baraq's bankruptcy: 2016)
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To: ari-freedom
Of course, eventually Palm was completely wiped out.

Apple is not Palm, it will be around for a long time. As for Palm, I had $9,000 in Palm stock almost wiped out in a short period of time. Not completely, it became worth $1 to $2 total. Funny thing is lots of people were buying Palm devices as the company went under. Apple is a stable company, and the stock price will eventually go up again.

16 posted on 11/15/2012 2:30:19 PM PST by roadcat
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To: RetiredTexasVet
I am still amazed that there is no outrage by the MSM and progressives that most of Apple products are made overseas.

Uh, most tech companies make their products overseas. As for Apple, all their A5 cpu chips are made in Austin. That's in Texas. I passed by there recently, where my daughter lives.

17 posted on 11/15/2012 2:34:40 PM PST by roadcat
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To: roadcat

The next big thing, will be the resizable tablet....imagine a device that could be the size of an iPad Mini, but could easily expand to the size of a regular iPad or even larger, if you want to watch videos on it.


18 posted on 11/15/2012 2:36:23 PM PST by dfwgator
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To: zeestephen

Couldn’t possibly be tons of individuals with long-term holdings rushing to sell before the capital gains tax rates go up next year, could it? Nah - that would NEVER happen - Obama told us so!


19 posted on 11/15/2012 2:37:35 PM PST by Be Free (Benghazi: Americans died. Obama lied.)
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To: ari-freedom
Apple will try to hold out as long as it can. I remember during the PDA days, people were still buying black and white Palm Pilots even though ipaqs were more powerful. Of course, eventually Palm was completely wiped out.

Now Blackberry is getting wiped out. Apple isn't Palm, but I think the loss of Jobs will have a negative effect eventually.

20 posted on 11/15/2012 2:43:32 PM PST by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: RetiredTexasVet

“Foxconn, ... actually makes the devices for companies such as Apple, Amazon, Dell, HP, Motorola and several others.”

http://www.adrianchilders.com/american-manufacturing-jobs/

This article says it all in one sentence.

“The worst part of American workers essentially being stupider, slower and lazier than our counterparts in foreign countries is that the entire supply chain for most finished products is now on the other side of the world.”

It’s not just Apple, most tech companies do the same. Are we to slap tariffs on all of them? We have to change our government, schools, and tax practices before these companies build here.


21 posted on 11/15/2012 2:48:48 PM PST by roadcat
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To: dfwgator
The next big thing, will be the resizable tablet....imagine a device that could be the size of an iPad Mini, but could easily expand to the size of a regular iPad or even larger, if you want to watch videos on it.

File for a patent on it! Just kidding, others probably have. What with all the work on flexible screen technology, this will be in stores in a few years. Remember "Red Planet" with Val Kilmer? They used tablet screens that rolled out of tubes held in their hands. When done, the flexible screen rolls back into the tube. You can make the screen as wide as you wish.

22 posted on 11/15/2012 2:56:53 PM PST by roadcat
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To: Be Free
Couldn’t possibly be tons of individuals with long-term holdings rushing to sell before the capital gains tax rates go up next year, could it? Nah - that would NEVER happen - Obama told us so!

How much you want to bet it is some big uber liberal like Buffet or Soros, two faced SOB's these liberals are when it come to their own money, trust me, I know....

23 posted on 11/15/2012 3:09:19 PM PST by taildragger (( Tighten the 5 point harness and brace for Impact Freepers, ya know it's coming..... ))
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To: zeestephen

When founder leaves hard to fill the place up with perfumed CEOS


24 posted on 11/15/2012 3:13:12 PM PST by Flavius (What hopes for victory, Gaius Crastinus? What grounds for encouragement ?)
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To: nascarnation
I live square in the heart of Microsoft country and walk through my local mall almost every day.

The MSFT and Apple stores used to be about 100 feet apart.

MSFT had three times the floor space, but one third the customers.

If it weren't for kids dancing in front of the “Kinetic” software (can't recall the name), almost no one would be there at all.

Gates and Ballmer live less than 2 miles away.

That has to be so humiliating.

25 posted on 11/15/2012 4:22:23 PM PST by zeestephen
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To: RetiredTexasVet

“I am still amazed that there is no outrage by the MSM and progressives that most of Apple products are made overseas. Where’s the union protests? Where’s the progressive indignation? Why is the Food Stamp President not slapping tariffs on Apple products? Where is the MSM questioning the Chineese paying slave wages for Apple production workers?”

Apple is a politically-correct product that all of the folks in the media use, and show off to their pals that they are the first to get.

They also buy all the right Democrats. the latter, of course, being by far the most important. Welcome to our brave, new, world.


26 posted on 11/15/2012 6:49:07 PM PST by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: tcrlaf

Of course Microsoft gives no money to Democrats. /s


27 posted on 11/16/2012 5:56:15 AM PST by Crusher138 ("Then conquer we must, for our cause it is just")
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