Someone sold 6 million shares at $348.24 as Apple put the NASDAQ-100 rebalance behind it
Apple investors had been dreading Friday's close since early April, when NASDAQ announced that starting May 2, Apple's share of the NASDAQ-100, one of the world's most heavily traded stock indexes, would be reduced from 20.5% to 12.3%.
All 100 stocks in the index were to be affected by the so-called Special Rebalance, but none as much MOREPhilip Elmer-DeWitt - May 1, 2011 7:39 AM ET
The pullback in advance of the company's Q2 earnings report has gone far enough
"If you can keep a good stock down, then you are able to load up for the ride back up. It's like a slingshot -- the harder you pull, the more propulsion you generate."
That's how Jason Schwarz, an author and investment adviser, described the game that hedge funds play with Apple (AAPL) in an article entitled "Apple: MOREPhilip Elmer-DeWitt - Apr 16, 2011 2:20 PM ET
Larry Page's first as Google (GOOG) CEO. We're on hand live.
Revenues of $8.58 billion a 27% increase over first quarter 2010 revenues of $6.77 billion. Paid Clicks Up 18%; Cost Per Click Up 8%:
4:35PM: Larry Page dropped in to say everything is going as planned, specifically the Executive switchover. Also thanks Jonathan Rosenberg who is usually on these calls but announced his resignation last week..
4:40: CFO Patrick Pichette seems very excited about MORESeth Weintraub - Apr 14, 2011 3:09 PM ET
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 MOREPhilip 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 MOREPhilip 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 MOREChadwick Matlin - Apr 1, 2011 12:10 PM ET
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