6 Reasons Apple's Tanking

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Brokers have been getting bombarded with questions about Apple, which is down nearly 4% today.

Credit Suisse has put together 6 reasons the stock is tanking:

    1) failed 100 dma
    2) yesterday’s Trainer midday note w $240 number
    3) this was out this morning (and dont think they left much anyway “Apple /quotes/zigman/68270/quotes/nls/aapl AAPL -3.37%  shares were down more than 3% to $429.60 on the news that Julian Robertson’s Tiger Management LLC dumped the remainder of its once sizable stake in the company, according to the fund’s latest 13-F filing with the Securities and Exchange Commission
    4) follow thru post Hon Hai (supplier) #s weaker yesterday
    5) was fairly low conviction rally from 400 – 450
    6) GOOG strentgh — prob some rotation out of one into othe

Everything you need to know about Apple.

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