There's something fishy about the trading two days before NASDAQ released the news
The gap in the blue line on April 5 in the chart at right reflects the $4.2 (1.2%) traders knocked off Apple's share price at the opening bell Tuesday -- the first opportunity money managers had to rebalance their portfolios after NASDAQ announced in the middle of the night that it was reducing Apple's weight in the MORE
Philip Elmer-DeWitt - Apr 6, 2011 7:53 AM ET
Some long-term Apple investors view Nasdaq's rebalancing as a rare buying opportunity
With news guaranteed to roil the stock markets, the Wall Street Journal reported shortly after midnight Tuesday that Nasdaq OMX is set to announce a major rebalancing of its closely followed Nasdaq-100 index. According to the Journal:
"The move could mean significant selling pressure on Apple shares by money managers tracking the index. Because of the way the index MORE
Philip Elmer-DeWitt - Apr 5, 2011 6:50 AM ET
The only thing more important than whether there is a tech bubble: why we're so obsessed with one.
FORTUNE -- I'm calling a top to the pundit bubble. All week, spurred by Color's gaudy valuation, the tech and economic punditry have continued their months-long monologue about whether or not we're in a tech bubble. Back and forth they went, inflating nothing but their own self-importance as they jostled to be the one MORE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.07 | -0.10 | -1.39% |
| EMC Corp | 24.04 | -1.42 | -5.58% |
| Hewlett-Packard Co | 21.72 | 0.64 | 3.04% |
| NetApp Inc | 28.73 | -4.13 | -12.57% |
| Microsoft Corp | 28.84 | -0.27 | -0.93% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,497.82 | 1.67 | 0.01% |
| Nasdaq | 2,828.81 | -21.31 | -0.75% |
| S&P 500 | 1,317.24 | -1.62 | -0.12% |
| Treasuries | 1.76 | 0.04 | 2.21% |
| 30-year mortgage rate hits another record low | ||
| Morgan Stanley made money on Facebook share drop | ||
| Facebook sees modest gains | ||
| Facebook's IPO: Sorting through the legal mess | ||
| How Tim Cook is changing Apple |