Apple Tumbles To ETFlash Crash Levels, Saved (For Now) By Another Tim Cook Hail Mary Announcement
by Tyler Durden
ZeroHedge.com
01/06/2016
Apple’s shares broke below $100 in pre-market trading as analyst downgrades and further component producer outlook reductions weighed heavily on the “no brainer.” It appears increasingly likely that Tim Cook’s “rescue” email to Cramer on August was perhaps not the entire truth.. and the market is trading back to levels it first crossed in August 2014 (i.e. unchanged in 16 months). Of course, amid this carnage this morning, AAPL attempted to save the day and issued a quick statement proclaiming January 1st as the biggest App Store spending day in history… for now the stock is not excited about that.
The Rest…HERE
