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Today's AAPL move, on no news, is as of this moment a $35+ move in one trading session, or a $30+ billion market cap move in one trading session, and a nearly $60 move from the Friday lows.

By: capt_nemo in ROUND | Recommend this post (0)
Tue, 20 Nov 12 4:20 AM | 86 view(s)
Boardmark this board | De's Test Board 		Msg. 44975 of 45651
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As the histogram below shows, in absolute terms, this is the second largest intraday move up in the stock in the past two years, and a 4 sigma move for a stock which has moved 7% on a 1.7% standard deviation, for no other reason than the "stock is oversold" or whatever other narrative those who put narratives to stock moves have ascribed to it today. And with HFT's determining valuation based on momentum, RSI, Bollinger bands, and other meaningless New Normal technicals, we have just gone from massively oversold, to massively-er overbought.

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http://www.zerohedge.com/news/2012-11-19/aapls-4-sigma-bounce-second-biggest-two-years




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