Apple Just Flash Crashed: Here's What Traders Are Saying
Apple Inc. (NASDAQ: AAPL) shares are down more than 3 percent on Monday morning after an apparent flash crash.
Shares fell to as low as $111.27 before rebounding to the $115 range.
Apple last experienced a similar phenomenon in March 2012.
Here's what traders are saying about the event on social media:
— Tom Quirke (@tomjquirke) December 1, 2014
Apple ($AAPL) flash crash this morning: pic.twitter.com/atyRW5wdJY
— anthony brown (@anthonybrown) December 1, 2014
— Nour E. Al-Hammoury (@NourHammoury) December 1, 2014
I can't help but to Laugh at this $AAPL move, 20 days of buying and then someone flushes the toilet on 7 Points of Range? Algo mania.
— HedgeBound (@HedgeBound) December 1, 2014
$aapl triggered a lot of stops below $107-$108 upper support. That was a real print at $111.30. Give it some time. No position.
— Scott Redler (@RedDogT3) December 1, 2014
Hello, Tim Cook? Do you realize that your stock was just the victim of our fragmented market structure mess? $AAPL
— Joe Saluzzi (@JoeSaluzzi) December 1, 2014
And at least one trader had a theory for the cause:
we are hearing some sort of Vanguard sell order caused the $AAPL puke. someone losing their job today...
— steven spencer (@sspencer_smb) December 1, 2014
Naturally, it's also the top trending ticker on StockTwits:
— StockTwits (@StockTwits) December 1, 2014
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