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IBDvalueinvestin (98.36)

AAPL fell -$35/shr for tiny $10M fee.



February 16, 2012 – Comments (1) | RELATED TICKERS: AAPL , GOOGL , AMZN

AAPL including pre-market losses down -$35/shr from yesterday's high. Once news hit that Proview is attempting to halt iPad sales in China and won in a couple of cities sent AAPL shares crashing down -35/shr or the equivalent of $32.6B in market valuation.

Now lets get to the number that  Proview is seeking for trademark rights to China: $10M

You saw it correct : AAPL fell $32.6B in valuation for a tiny $10M fee that Proview is asking for iPad rights in China.

That in itself should tell you that the downside move yesterday was sell now and find the details later.

AAPL should continue upside move after yesterday's speed bump in the road.


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1 Comments – Post Your Own

#1) On February 16, 2012 at 9:40 AM, IBDvalueinvestin (98.36) wrote:

Wow, I had to give up my shares on AAPL went down too fast too quick.

Even though I know I should not have.

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