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Technology Stocks : Apple Inc.
AAPL 273.25-0.2%3:59 PM EST

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Stock Puppy
To: Moonray who wrote (183302)8/3/2015 2:11:38 PM
From: Bill from Wisconsin1 Recommendation  Read Replies (2) of 213177
 
Lot of losses in other sectors

AAPL is easy to sell and can raise money for institutions fastly. The giant sell orders hitting are not at all related to AAPL. With no news and starting to head toward launch day, this should be a sleepy period for AAPL, mild gains. Big chunks of AAPL are being sold at the market.

Where are the losses? Greece opened this morning for the first time in 5 weeks. Oil is taken another huge leg down and is taking all manner of energy stock with it. If you have a driller down 7% today and 40% in a week, you just might blow out a chunk of AAPL instead to maintain margin.

I'm not getting margined out, but my AAPL position as a percentage of the portfolio has swelled due to losses elsewhere.

Saw a stat on the screen--Dow jones and oil have traded in the same direction 72% of the time this year. AAPL is now a Dow Component.
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