"It's one way (perhaps not the best) of saying that AAPL's low trade so far today was about 5% off yesterday's close. As of fifteen minutes ago, it was trading at 80.96, down 0.67% — a decent bounce."
headline risk. Reuters has created a ton last couple of quarters. They took a very political stand on stock option expense (SBC) and outsourced reportage to india. Consequently they will report profits "off" and results "missed" estimates when they are comparing apples (pre-SBC) to oranges (post-SBC).
Looks like missed the buying opportunity when it hit the day's low... LOL