+关注
Imhy
暂无个人介绍
IP属地:未知
2
关注
0
粉丝
0
主题
0
勋章
主贴
热门
Imhy
2021-07-27
Continue flying!
抱歉,原内容已删除
Imhy
2021-07-22
Buy the dip!
抱歉,原内容已删除
Imhy
2021-07-14
$Apple(AAPL)$
Up up and away
Imhy
2021-07-12
To the moon!
抱歉,原内容已删除
Imhy
2021-07-02
To the moon 🌕
When AAPL Traded Like A Meme Stock<blockquote>当 AAPL 像模因股票一样交易时</blockquote>
Imhy
2021-06-29
[Smile]
抱歉,原内容已删除
去老虎APP查看更多动态
{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"4087134899796190","uuid":"4087134899796190","gmtCreate":1624031837110,"gmtModify":1624031837110,"name":"Imhy","pinyin":"imhy","introduction":"","introductionEn":"","signature":"","avatar":"https://static.laohu8.com/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":2,"tweetSize":6,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖(非转发)","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-3","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"偶像虎友","description":"加入老虎社区1500天","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.04.22","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"35ec162348d5460f88c959321e554969-2","templateUuid":"35ec162348d5460f88c959321e554969","name":"宗师交易员","description":"证券或期货账户累计交易次数达到100次","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.06","exceedPercentage":"80.29%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"228c86a078844d74991fff2b7ab2428d-2","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资总监虎","description":"证券账户累计交易金额达到30万美元","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"80.46%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":11,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":809486361,"gmtCreate":1627387286353,"gmtModify":1633765511869,"author":{"id":"4087134899796190","authorId":"4087134899796190","name":"Imhy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087134899796190","idStr":"4087134899796190"},"themes":[],"title":"","htmlText":"Continue flying!","listText":"Continue flying!","text":"Continue flying!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/809486361","repostId":"1108884592","repostType":4,"isVote":1,"tweetType":1,"viewCount":2053,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172292117,"gmtCreate":1626961630939,"gmtModify":1633769350510,"author":{"id":"4087134899796190","authorId":"4087134899796190","name":"Imhy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087134899796190","idStr":"4087134899796190"},"themes":[],"title":"","htmlText":"Buy the dip!","listText":"Buy the dip!","text":"Buy the dip!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/172292117","repostId":"1175825882","repostType":4,"isVote":1,"tweetType":1,"viewCount":1881,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144898149,"gmtCreate":1626274022381,"gmtModify":1633928362722,"author":{"id":"4087134899796190","authorId":"4087134899796190","name":"Imhy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087134899796190","idStr":"4087134899796190"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Up up and away","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Up up and away","text":"$Apple(AAPL)$Up up and away","images":[{"img":"https://static.tigerbbs.com/c7e90302fe4e1102e8db63d62755f3a7","width":"1125","height":"2183"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/144898149","isVote":1,"tweetType":1,"viewCount":2197,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":146834295,"gmtCreate":1626065180517,"gmtModify":1633930474451,"author":{"id":"4087134899796190","authorId":"4087134899796190","name":"Imhy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087134899796190","idStr":"4087134899796190"},"themes":[],"title":"","htmlText":"To the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/146834295","repostId":"1155038838","repostType":4,"isVote":1,"tweetType":1,"viewCount":3184,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156658908,"gmtCreate":1625220382004,"gmtModify":1633942424362,"author":{"id":"4087134899796190","authorId":"4087134899796190","name":"Imhy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087134899796190","idStr":"4087134899796190"},"themes":[],"title":"","htmlText":"To the moon 🌕","listText":"To the moon 🌕","text":"To the moon 🌕","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/156658908","repostId":"1104728487","repostType":4,"repost":{"id":"1104728487","kind":"news","pubTimestamp":1625189058,"share":"https://www.laohunote.com/m/news/1104728487?lang=zh_CN&edition=full","pubTime":"2021-07-02 09:24","market":"us","language":"en","title":"When AAPL Traded Like A Meme Stock<blockquote>当 AAPL 像模因股票一样交易时</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1104728487","media":"thestreet","summary":"Apple is one of the most unlikely meme stock candidates. However, the Apple Maven thinks that AAPL b","content":"<p>Apple is one of the most unlikely meme stock candidates. However, the Apple Maven thinks that AAPL behaved like one in the third quarter of 2020. Here is what happened.</p><p><blockquote>苹果是最不可能的模因股票候选者之一。然而,这位苹果专家认为 AAPL 在 2020 年第三季度的表现就像一个。事情是这样的。</blockquote></p><p> Apple (<b>AAPL</b>) is nothing likea meme stock. The sheer size of the company, trading volume, institutional ownership and multi trillion-dollar market cap make it nearly impossible for a relatively small number of retail traders to sway the stock price in any meaningful way. But there are often exceptions to the rule.</p><p><blockquote>苹果(<b>苹果</b>)一点也不像模因股票。公司的庞大规模、交易量、机构所有权和数万亿美元的市值使得相对较少的散户交易者几乎不可能以任何有意义的方式影响股价。但这条规则通常也有例外。</blockquote></p><p> Today, the Apple Maven goes back to third calendar quarter of 2020 and revisits the few weeks when Apple stock traded like meme: up sharply and quickly, on heavy volume and arguably decoupled from business or macroeconomic fundamentals, followed by a sudden drop from the peak.</p><p><blockquote>今天,这位苹果专家回到 2020 年第三季度,重温苹果股票像迷因一样交易的几周:大幅快速上涨,成交量巨大,可以说与商业或宏观经济基本面脱钩,随后突然从峰值下跌。</blockquote></p><p> AAPL stock: to the moon!</p><p><blockquote>AAPL股票:登上月球!</blockquote></p><p> Apple’s fiscal third quarter, reported in late July 2020, was quite impressive given the COVID-19 disruptions. The company managed to post revenue growth of nearly 11% and EPS of $2.58 that topped consensus by around 50 cents.</p><p><blockquote>鉴于 COVID-19 的干扰,苹果于 2020 年 7 月下旬公布的第三财季业绩相当令人印象深刻。该公司的收入增长了近 11%,每股收益达到 2.58 美元,比市场预期高出约 50 美分。</blockquote></p><p> But, despite the strong performance, it is still not easy to justify what happened to Apple stock in the month or so that followed the earnings release. Between July 31 and September 1, AAPL climbed a staggering 40%, the most in such a short period of time in the past ten years at least.</p><p><blockquote>但是,尽管业绩强劲,但要证明苹果股票在财报发布后的一个月左右发生的事情仍然不容易。7 月 31 日至 9 月 1 日期间,AAPL 股价惊人地上涨了 40%,至少是过去十年来如此短的时间内涨幅最大的一次。</blockquote></p><p> Not even the recovery from the bottom of the COVID-19 bear was so fast and so furious. See chart below: a histogram of the one-month returns in Apple stock on any given day over the past decade.</p><p><blockquote>即使是新冠肺炎熊从底部的复苏也没有如此迅速和如此猛烈。请参阅下图:过去十年中任何一天苹果股票一个月回报率的直方图。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d4cd9696f95e583da810bdc74facce25\" tg-width=\"1200\" tg-height=\"650\" referrerpolicy=\"no-referrer\"><span>Figure 2: Distribution of one-month returns in AAPL, past decade.DM Martins Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>图 2:过去十年 AAPL 一个月回报的分布。DM Martins 研究</span></p></blockquote></p><p> The roots of the meme attack</p><p><blockquote>迷因攻击的根源</blockquote></p><p> In my view, there is one key factor that explains the bullish reaction of August 2020. Along with financial results, Apple also announced its first stock split since 2014. One share of AAPL would become four on Monday, August 31. CEO Tim Cook explained the company’s decision:</p><p><blockquote>在我看来,有一个关键因素可以解释 2020 年 8 月的看涨反应。除了财务业绩,苹果还宣布了自2014年以来的首次股票分割。8 月 31 日星期一,一股 AAPL 将变为四股。首席执行官蒂姆-库克解释了公司的决定:</blockquote></p><p> “We are announcing a four for one split of Apple common stock to make our stock more accessible to a broader base of investors.” While accessibility to retail investors is probably the main reason for splitting a stock, the rationale does not work as well in today’s trading environment. Nearly all major brokerage firms allow for fractional ownership, which means an investor can buy or sell less than one share of Apple stock.</p><p><blockquote>“我们宣布对苹果普通股进行四拆一的分割,以便更广泛的投资者能够接触到我们的股票。”虽然散户投资者的可及性可能是拆分股票的主要原因,但在当今的交易环境下,这一理由并不适用。几乎所有主要经纪公司都允许部分所有权,这意味着投资者可以买卖少于一股苹果股票。</blockquote></p><p> The only way that a stock split matters nowadays, in my view, is by catching the attention of investors who believe that the event unveils “a good deal”: two, or four, or ten shares for the price of one. This was probably the key factor driving AAPL share price to $134 from $106 in less than five weeks.</p><p><blockquote>在我看来,如今股票分割发挥作用的唯一途径就是吸引投资者的注意力,他们认为股票分割会带来 “一笔好交易”:两股、四股或十股的价格。这可能是推动 AAPL 股价在不到五周内从 106 美元上涨至 134 美元的关键因素。</blockquote></p><p> The morning-after hangover</p><p><blockquote>宿醉后的早晨</blockquote></p><p> Like any good “meme attack”, AAPL share price spike was followed by a sudden pullback.</p><p><blockquote>就像任何好的 “备忘录攻击 ”一样,苹果公司股价飙升后又突然回落。</blockquote></p><p> After reaching a peak of $134 in early September, the stock dropped below $107 only 12 trading days later. It entered correction territory, defined as a 10%-plus pullback from the peak, in a record four trading days. In fact, Apple was still priced below September 1 levels as recently as a couple of days ago.</p><p><blockquote>该股在9月初达到134美元的峰值后,仅仅12个交易日后就跌破107美元。在创纪录的四个交易日内,它进入了修正区域,定义为从峰值回调 10% 以上。事实上,就在几天前,苹果的定价仍低于 9 月 1 日的水平。</blockquote></p><p> It is probably not a coincidence that Apple’s sharp fall from the top started to unfold within one or two days of the stock split finally being executed, when the “buzz” finally wore off – the telltale sign of a meme stock-like frenzy running its course.</p><p><blockquote>苹果在股票分割最终执行后的一两天内就开始从顶部大幅下跌,这可能不是巧合,当时 “嗡嗡声 ”终于消退了--这是备忘录股票式狂热的明显迹象。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>When AAPL Traded Like A Meme Stock<blockquote>当 AAPL 像模因股票一样交易时</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhen AAPL Traded Like A Meme Stock<blockquote>当 AAPL 像模因股票一样交易时</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">thestreet</strong><span class=\"h-time small\">2021-07-02 09:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple is one of the most unlikely meme stock candidates. However, the Apple Maven thinks that AAPL behaved like one in the third quarter of 2020. Here is what happened.</p><p><blockquote>苹果是最不可能的模因股票候选者之一。然而,这位苹果专家认为 AAPL 在 2020 年第三季度的表现就像一个。事情是这样的。</blockquote></p><p> Apple (<b>AAPL</b>) is nothing likea meme stock. The sheer size of the company, trading volume, institutional ownership and multi trillion-dollar market cap make it nearly impossible for a relatively small number of retail traders to sway the stock price in any meaningful way. But there are often exceptions to the rule.</p><p><blockquote>苹果(<b>苹果</b>)一点也不像模因股票。公司的庞大规模、交易量、机构所有权和数万亿美元的市值使得相对较少的散户交易者几乎不可能以任何有意义的方式影响股价。但这条规则通常也有例外。</blockquote></p><p> Today, the Apple Maven goes back to third calendar quarter of 2020 and revisits the few weeks when Apple stock traded like meme: up sharply and quickly, on heavy volume and arguably decoupled from business or macroeconomic fundamentals, followed by a sudden drop from the peak.</p><p><blockquote>今天,这位苹果专家回到 2020 年第三季度,重温苹果股票像迷因一样交易的几周:大幅快速上涨,成交量巨大,可以说与商业或宏观经济基本面脱钩,随后突然从峰值下跌。</blockquote></p><p> AAPL stock: to the moon!</p><p><blockquote>AAPL股票:登上月球!</blockquote></p><p> Apple’s fiscal third quarter, reported in late July 2020, was quite impressive given the COVID-19 disruptions. The company managed to post revenue growth of nearly 11% and EPS of $2.58 that topped consensus by around 50 cents.</p><p><blockquote>鉴于 COVID-19 的干扰,苹果于 2020 年 7 月下旬公布的第三财季业绩相当令人印象深刻。该公司的收入增长了近 11%,每股收益达到 2.58 美元,比市场预期高出约 50 美分。</blockquote></p><p> But, despite the strong performance, it is still not easy to justify what happened to Apple stock in the month or so that followed the earnings release. Between July 31 and September 1, AAPL climbed a staggering 40%, the most in such a short period of time in the past ten years at least.</p><p><blockquote>但是,尽管业绩强劲,但要证明苹果股票在财报发布后的一个月左右发生的事情仍然不容易。7 月 31 日至 9 月 1 日期间,AAPL 股价惊人地上涨了 40%,至少是过去十年来如此短的时间内涨幅最大的一次。</blockquote></p><p> Not even the recovery from the bottom of the COVID-19 bear was so fast and so furious. See chart below: a histogram of the one-month returns in Apple stock on any given day over the past decade.</p><p><blockquote>即使是新冠肺炎熊从底部的复苏也没有如此迅速和如此猛烈。请参阅下图:过去十年中任何一天苹果股票一个月回报率的直方图。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d4cd9696f95e583da810bdc74facce25\" tg-width=\"1200\" tg-height=\"650\" referrerpolicy=\"no-referrer\"><span>Figure 2: Distribution of one-month returns in AAPL, past decade.DM Martins Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>图 2:过去十年 AAPL 一个月回报的分布。DM Martins 研究</span></p></blockquote></p><p> The roots of the meme attack</p><p><blockquote>迷因攻击的根源</blockquote></p><p> In my view, there is one key factor that explains the bullish reaction of August 2020. Along with financial results, Apple also announced its first stock split since 2014. One share of AAPL would become four on Monday, August 31. CEO Tim Cook explained the company’s decision:</p><p><blockquote>在我看来,有一个关键因素可以解释 2020 年 8 月的看涨反应。除了财务业绩,苹果还宣布了自2014年以来的首次股票分割。8 月 31 日星期一,一股 AAPL 将变为四股。首席执行官蒂姆-库克解释了公司的决定:</blockquote></p><p> “We are announcing a four for one split of Apple common stock to make our stock more accessible to a broader base of investors.” While accessibility to retail investors is probably the main reason for splitting a stock, the rationale does not work as well in today’s trading environment. Nearly all major brokerage firms allow for fractional ownership, which means an investor can buy or sell less than one share of Apple stock.</p><p><blockquote>“我们宣布对苹果普通股进行四拆一的分割,以便更广泛的投资者能够接触到我们的股票。”虽然散户投资者的可及性可能是拆分股票的主要原因,但在当今的交易环境下,这一理由并不适用。几乎所有主要经纪公司都允许部分所有权,这意味着投资者可以买卖少于一股苹果股票。</blockquote></p><p> The only way that a stock split matters nowadays, in my view, is by catching the attention of investors who believe that the event unveils “a good deal”: two, or four, or ten shares for the price of one. This was probably the key factor driving AAPL share price to $134 from $106 in less than five weeks.</p><p><blockquote>在我看来,如今股票分割发挥作用的唯一途径就是吸引投资者的注意力,他们认为股票分割会带来 “一笔好交易”:两股、四股或十股的价格。这可能是推动 AAPL 股价在不到五周内从 106 美元上涨至 134 美元的关键因素。</blockquote></p><p> The morning-after hangover</p><p><blockquote>宿醉后的早晨</blockquote></p><p> Like any good “meme attack”, AAPL share price spike was followed by a sudden pullback.</p><p><blockquote>就像任何好的 “备忘录攻击 ”一样,苹果公司股价飙升后又突然回落。</blockquote></p><p> After reaching a peak of $134 in early September, the stock dropped below $107 only 12 trading days later. It entered correction territory, defined as a 10%-plus pullback from the peak, in a record four trading days. In fact, Apple was still priced below September 1 levels as recently as a couple of days ago.</p><p><blockquote>该股在9月初达到134美元的峰值后,仅仅12个交易日后就跌破107美元。在创纪录的四个交易日内,它进入了修正区域,定义为从峰值回调 10% 以上。事实上,就在几天前,苹果的定价仍低于 9 月 1 日的水平。</blockquote></p><p> It is probably not a coincidence that Apple’s sharp fall from the top started to unfold within one or two days of the stock split finally being executed, when the “buzz” finally wore off – the telltale sign of a meme stock-like frenzy running its course.</p><p><blockquote>苹果在股票分割最终执行后的一两天内就开始从顶部大幅下跌,这可能不是巧合,当时 “嗡嗡声 ”终于消退了--这是备忘录股票式狂热的明显迹象。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.thestreet.com/apple/stock/when-aapl-traded-like-a-meme-stock\">thestreet</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/when-aapl-traded-like-a-meme-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104728487","content_text":"Apple is one of the most unlikely meme stock candidates. However, the Apple Maven thinks that AAPL behaved like one in the third quarter of 2020. Here is what happened.\nApple (AAPL) is nothing likea meme stock. The sheer size of the company, trading volume, institutional ownership and multi trillion-dollar market cap make it nearly impossible for a relatively small number of retail traders to sway the stock price in any meaningful way. But there are often exceptions to the rule.\nToday, the Apple Maven goes back to third calendar quarter of 2020 and revisits the few weeks when Apple stock traded like meme: up sharply and quickly, on heavy volume and arguably decoupled from business or macroeconomic fundamentals, followed by a sudden drop from the peak.\nAAPL stock: to the moon!\nApple’s fiscal third quarter, reported in late July 2020, was quite impressive given the COVID-19 disruptions. The company managed to post revenue growth of nearly 11% and EPS of $2.58 that topped consensus by around 50 cents.\nBut, despite the strong performance, it is still not easy to justify what happened to Apple stock in the month or so that followed the earnings release. Between July 31 and September 1, AAPL climbed a staggering 40%, the most in such a short period of time in the past ten years at least.\nNot even the recovery from the bottom of the COVID-19 bear was so fast and so furious. See chart below: a histogram of the one-month returns in Apple stock on any given day over the past decade.\nFigure 2: Distribution of one-month returns in AAPL, past decade.DM Martins Research\nThe roots of the meme attack\nIn my view, there is one key factor that explains the bullish reaction of August 2020. Along with financial results, Apple also announced its first stock split since 2014. One share of AAPL would become four on Monday, August 31. CEO Tim Cook explained the company’s decision:\n\n “We are announcing a four for one split of Apple common stock to make our stock more accessible to a broader base of investors.”\n\nWhile accessibility to retail investors is probably the main reason for splitting a stock, the rationale does not work as well in today’s trading environment. Nearly all major brokerage firms allow for fractional ownership, which means an investor can buy or sell less than one share of Apple stock.\nThe only way that a stock split matters nowadays, in my view, is by catching the attention of investors who believe that the event unveils “a good deal”: two, or four, or ten shares for the price of one. This was probably the key factor driving AAPL share price to $134 from $106 in less than five weeks.\nThe morning-after hangover\nLike any good “meme attack”, AAPL share price spike was followed by a sudden pullback.\nAfter reaching a peak of $134 in early September, the stock dropped below $107 only 12 trading days later. It entered correction territory, defined as a 10%-plus pullback from the peak, in a record four trading days. In fact, Apple was still priced below September 1 levels as recently as a couple of days ago.\nIt is probably not a coincidence that Apple’s sharp fall from the top started to unfold within one or two days of the stock split finally being executed, when the “buzz” finally wore off – the telltale sign of a meme stock-like frenzy running its course.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1615,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159477718,"gmtCreate":1624978680934,"gmtModify":1633946234449,"author":{"id":"4087134899796190","authorId":"4087134899796190","name":"Imhy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087134899796190","idStr":"4087134899796190"},"themes":[],"title":"","htmlText":"[Smile] ","listText":"[Smile] ","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159477718","repostId":"1151394234","repostType":4,"isVote":1,"tweetType":1,"viewCount":2301,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":172292117,"gmtCreate":1626961630939,"gmtModify":1633769350510,"author":{"id":"4087134899796190","authorId":"4087134899796190","name":"Imhy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087134899796190","authorIdStr":"4087134899796190"},"themes":[],"title":"","htmlText":"Buy the dip!","listText":"Buy the dip!","text":"Buy the dip!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/172292117","repostId":"1175825882","repostType":4,"isVote":1,"tweetType":1,"viewCount":1881,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156658908,"gmtCreate":1625220382004,"gmtModify":1633942424362,"author":{"id":"4087134899796190","authorId":"4087134899796190","name":"Imhy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087134899796190","authorIdStr":"4087134899796190"},"themes":[],"title":"","htmlText":"To the moon 🌕","listText":"To the moon 🌕","text":"To the moon 🌕","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/156658908","repostId":"1104728487","repostType":4,"repost":{"id":"1104728487","kind":"news","pubTimestamp":1625189058,"share":"https://www.laohunote.com/m/news/1104728487?lang=zh_CN&edition=full","pubTime":"2021-07-02 09:24","market":"us","language":"en","title":"When AAPL Traded Like A Meme Stock<blockquote>当 AAPL 像模因股票一样交易时</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1104728487","media":"thestreet","summary":"Apple is one of the most unlikely meme stock candidates. However, the Apple Maven thinks that AAPL b","content":"<p>Apple is one of the most unlikely meme stock candidates. However, the Apple Maven thinks that AAPL behaved like one in the third quarter of 2020. Here is what happened.</p><p><blockquote>苹果是最不可能的模因股票候选者之一。然而,这位苹果专家认为 AAPL 在 2020 年第三季度的表现就像一个。事情是这样的。</blockquote></p><p> Apple (<b>AAPL</b>) is nothing likea meme stock. The sheer size of the company, trading volume, institutional ownership and multi trillion-dollar market cap make it nearly impossible for a relatively small number of retail traders to sway the stock price in any meaningful way. But there are often exceptions to the rule.</p><p><blockquote>苹果(<b>苹果</b>)一点也不像模因股票。公司的庞大规模、交易量、机构所有权和数万亿美元的市值使得相对较少的散户交易者几乎不可能以任何有意义的方式影响股价。但这条规则通常也有例外。</blockquote></p><p> Today, the Apple Maven goes back to third calendar quarter of 2020 and revisits the few weeks when Apple stock traded like meme: up sharply and quickly, on heavy volume and arguably decoupled from business or macroeconomic fundamentals, followed by a sudden drop from the peak.</p><p><blockquote>今天,这位苹果专家回到 2020 年第三季度,重温苹果股票像迷因一样交易的几周:大幅快速上涨,成交量巨大,可以说与商业或宏观经济基本面脱钩,随后突然从峰值下跌。</blockquote></p><p> AAPL stock: to the moon!</p><p><blockquote>AAPL股票:登上月球!</blockquote></p><p> Apple’s fiscal third quarter, reported in late July 2020, was quite impressive given the COVID-19 disruptions. The company managed to post revenue growth of nearly 11% and EPS of $2.58 that topped consensus by around 50 cents.</p><p><blockquote>鉴于 COVID-19 的干扰,苹果于 2020 年 7 月下旬公布的第三财季业绩相当令人印象深刻。该公司的收入增长了近 11%,每股收益达到 2.58 美元,比市场预期高出约 50 美分。</blockquote></p><p> But, despite the strong performance, it is still not easy to justify what happened to Apple stock in the month or so that followed the earnings release. Between July 31 and September 1, AAPL climbed a staggering 40%, the most in such a short period of time in the past ten years at least.</p><p><blockquote>但是,尽管业绩强劲,但要证明苹果股票在财报发布后的一个月左右发生的事情仍然不容易。7 月 31 日至 9 月 1 日期间,AAPL 股价惊人地上涨了 40%,至少是过去十年来如此短的时间内涨幅最大的一次。</blockquote></p><p> Not even the recovery from the bottom of the COVID-19 bear was so fast and so furious. See chart below: a histogram of the one-month returns in Apple stock on any given day over the past decade.</p><p><blockquote>即使是新冠肺炎熊从底部的复苏也没有如此迅速和如此猛烈。请参阅下图:过去十年中任何一天苹果股票一个月回报率的直方图。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d4cd9696f95e583da810bdc74facce25\" tg-width=\"1200\" tg-height=\"650\" referrerpolicy=\"no-referrer\"><span>Figure 2: Distribution of one-month returns in AAPL, past decade.DM Martins Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>图 2:过去十年 AAPL 一个月回报的分布。DM Martins 研究</span></p></blockquote></p><p> The roots of the meme attack</p><p><blockquote>迷因攻击的根源</blockquote></p><p> In my view, there is one key factor that explains the bullish reaction of August 2020. Along with financial results, Apple also announced its first stock split since 2014. One share of AAPL would become four on Monday, August 31. CEO Tim Cook explained the company’s decision:</p><p><blockquote>在我看来,有一个关键因素可以解释 2020 年 8 月的看涨反应。除了财务业绩,苹果还宣布了自2014年以来的首次股票分割。8 月 31 日星期一,一股 AAPL 将变为四股。首席执行官蒂姆-库克解释了公司的决定:</blockquote></p><p> “We are announcing a four for one split of Apple common stock to make our stock more accessible to a broader base of investors.” While accessibility to retail investors is probably the main reason for splitting a stock, the rationale does not work as well in today’s trading environment. Nearly all major brokerage firms allow for fractional ownership, which means an investor can buy or sell less than one share of Apple stock.</p><p><blockquote>“我们宣布对苹果普通股进行四拆一的分割,以便更广泛的投资者能够接触到我们的股票。”虽然散户投资者的可及性可能是拆分股票的主要原因,但在当今的交易环境下,这一理由并不适用。几乎所有主要经纪公司都允许部分所有权,这意味着投资者可以买卖少于一股苹果股票。</blockquote></p><p> The only way that a stock split matters nowadays, in my view, is by catching the attention of investors who believe that the event unveils “a good deal”: two, or four, or ten shares for the price of one. This was probably the key factor driving AAPL share price to $134 from $106 in less than five weeks.</p><p><blockquote>在我看来,如今股票分割发挥作用的唯一途径就是吸引投资者的注意力,他们认为股票分割会带来 “一笔好交易”:两股、四股或十股的价格。这可能是推动 AAPL 股价在不到五周内从 106 美元上涨至 134 美元的关键因素。</blockquote></p><p> The morning-after hangover</p><p><blockquote>宿醉后的早晨</blockquote></p><p> Like any good “meme attack”, AAPL share price spike was followed by a sudden pullback.</p><p><blockquote>就像任何好的 “备忘录攻击 ”一样,苹果公司股价飙升后又突然回落。</blockquote></p><p> After reaching a peak of $134 in early September, the stock dropped below $107 only 12 trading days later. It entered correction territory, defined as a 10%-plus pullback from the peak, in a record four trading days. In fact, Apple was still priced below September 1 levels as recently as a couple of days ago.</p><p><blockquote>该股在9月初达到134美元的峰值后,仅仅12个交易日后就跌破107美元。在创纪录的四个交易日内,它进入了修正区域,定义为从峰值回调 10% 以上。事实上,就在几天前,苹果的定价仍低于 9 月 1 日的水平。</blockquote></p><p> It is probably not a coincidence that Apple’s sharp fall from the top started to unfold within one or two days of the stock split finally being executed, when the “buzz” finally wore off – the telltale sign of a meme stock-like frenzy running its course.</p><p><blockquote>苹果在股票分割最终执行后的一两天内就开始从顶部大幅下跌,这可能不是巧合,当时 “嗡嗡声 ”终于消退了--这是备忘录股票式狂热的明显迹象。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>When AAPL Traded Like A Meme Stock<blockquote>当 AAPL 像模因股票一样交易时</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhen AAPL Traded Like A Meme Stock<blockquote>当 AAPL 像模因股票一样交易时</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">thestreet</strong><span class=\"h-time small\">2021-07-02 09:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Apple is one of the most unlikely meme stock candidates. However, the Apple Maven thinks that AAPL behaved like one in the third quarter of 2020. Here is what happened.</p><p><blockquote>苹果是最不可能的模因股票候选者之一。然而,这位苹果专家认为 AAPL 在 2020 年第三季度的表现就像一个。事情是这样的。</blockquote></p><p> Apple (<b>AAPL</b>) is nothing likea meme stock. The sheer size of the company, trading volume, institutional ownership and multi trillion-dollar market cap make it nearly impossible for a relatively small number of retail traders to sway the stock price in any meaningful way. But there are often exceptions to the rule.</p><p><blockquote>苹果(<b>苹果</b>)一点也不像模因股票。公司的庞大规模、交易量、机构所有权和数万亿美元的市值使得相对较少的散户交易者几乎不可能以任何有意义的方式影响股价。但这条规则通常也有例外。</blockquote></p><p> Today, the Apple Maven goes back to third calendar quarter of 2020 and revisits the few weeks when Apple stock traded like meme: up sharply and quickly, on heavy volume and arguably decoupled from business or macroeconomic fundamentals, followed by a sudden drop from the peak.</p><p><blockquote>今天,这位苹果专家回到 2020 年第三季度,重温苹果股票像迷因一样交易的几周:大幅快速上涨,成交量巨大,可以说与商业或宏观经济基本面脱钩,随后突然从峰值下跌。</blockquote></p><p> AAPL stock: to the moon!</p><p><blockquote>AAPL股票:登上月球!</blockquote></p><p> Apple’s fiscal third quarter, reported in late July 2020, was quite impressive given the COVID-19 disruptions. The company managed to post revenue growth of nearly 11% and EPS of $2.58 that topped consensus by around 50 cents.</p><p><blockquote>鉴于 COVID-19 的干扰,苹果于 2020 年 7 月下旬公布的第三财季业绩相当令人印象深刻。该公司的收入增长了近 11%,每股收益达到 2.58 美元,比市场预期高出约 50 美分。</blockquote></p><p> But, despite the strong performance, it is still not easy to justify what happened to Apple stock in the month or so that followed the earnings release. Between July 31 and September 1, AAPL climbed a staggering 40%, the most in such a short period of time in the past ten years at least.</p><p><blockquote>但是,尽管业绩强劲,但要证明苹果股票在财报发布后的一个月左右发生的事情仍然不容易。7 月 31 日至 9 月 1 日期间,AAPL 股价惊人地上涨了 40%,至少是过去十年来如此短的时间内涨幅最大的一次。</blockquote></p><p> Not even the recovery from the bottom of the COVID-19 bear was so fast and so furious. See chart below: a histogram of the one-month returns in Apple stock on any given day over the past decade.</p><p><blockquote>即使是新冠肺炎熊从底部的复苏也没有如此迅速和如此猛烈。请参阅下图:过去十年中任何一天苹果股票一个月回报率的直方图。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d4cd9696f95e583da810bdc74facce25\" tg-width=\"1200\" tg-height=\"650\" referrerpolicy=\"no-referrer\"><span>Figure 2: Distribution of one-month returns in AAPL, past decade.DM Martins Research</span></p><p><blockquote><p class=\"t-img-caption\"><span>图 2:过去十年 AAPL 一个月回报的分布。DM Martins 研究</span></p></blockquote></p><p> The roots of the meme attack</p><p><blockquote>迷因攻击的根源</blockquote></p><p> In my view, there is one key factor that explains the bullish reaction of August 2020. Along with financial results, Apple also announced its first stock split since 2014. One share of AAPL would become four on Monday, August 31. CEO Tim Cook explained the company’s decision:</p><p><blockquote>在我看来,有一个关键因素可以解释 2020 年 8 月的看涨反应。除了财务业绩,苹果还宣布了自2014年以来的首次股票分割。8 月 31 日星期一,一股 AAPL 将变为四股。首席执行官蒂姆-库克解释了公司的决定:</blockquote></p><p> “We are announcing a four for one split of Apple common stock to make our stock more accessible to a broader base of investors.” While accessibility to retail investors is probably the main reason for splitting a stock, the rationale does not work as well in today’s trading environment. Nearly all major brokerage firms allow for fractional ownership, which means an investor can buy or sell less than one share of Apple stock.</p><p><blockquote>“我们宣布对苹果普通股进行四拆一的分割,以便更广泛的投资者能够接触到我们的股票。”虽然散户投资者的可及性可能是拆分股票的主要原因,但在当今的交易环境下,这一理由并不适用。几乎所有主要经纪公司都允许部分所有权,这意味着投资者可以买卖少于一股苹果股票。</blockquote></p><p> The only way that a stock split matters nowadays, in my view, is by catching the attention of investors who believe that the event unveils “a good deal”: two, or four, or ten shares for the price of one. This was probably the key factor driving AAPL share price to $134 from $106 in less than five weeks.</p><p><blockquote>在我看来,如今股票分割发挥作用的唯一途径就是吸引投资者的注意力,他们认为股票分割会带来 “一笔好交易”:两股、四股或十股的价格。这可能是推动 AAPL 股价在不到五周内从 106 美元上涨至 134 美元的关键因素。</blockquote></p><p> The morning-after hangover</p><p><blockquote>宿醉后的早晨</blockquote></p><p> Like any good “meme attack”, AAPL share price spike was followed by a sudden pullback.</p><p><blockquote>就像任何好的 “备忘录攻击 ”一样,苹果公司股价飙升后又突然回落。</blockquote></p><p> After reaching a peak of $134 in early September, the stock dropped below $107 only 12 trading days later. It entered correction territory, defined as a 10%-plus pullback from the peak, in a record four trading days. In fact, Apple was still priced below September 1 levels as recently as a couple of days ago.</p><p><blockquote>该股在9月初达到134美元的峰值后,仅仅12个交易日后就跌破107美元。在创纪录的四个交易日内,它进入了修正区域,定义为从峰值回调 10% 以上。事实上,就在几天前,苹果的定价仍低于 9 月 1 日的水平。</blockquote></p><p> It is probably not a coincidence that Apple’s sharp fall from the top started to unfold within one or two days of the stock split finally being executed, when the “buzz” finally wore off – the telltale sign of a meme stock-like frenzy running its course.</p><p><blockquote>苹果在股票分割最终执行后的一两天内就开始从顶部大幅下跌,这可能不是巧合,当时 “嗡嗡声 ”终于消退了--这是备忘录股票式狂热的明显迹象。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.thestreet.com/apple/stock/when-aapl-traded-like-a-meme-stock\">thestreet</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/when-aapl-traded-like-a-meme-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104728487","content_text":"Apple is one of the most unlikely meme stock candidates. However, the Apple Maven thinks that AAPL behaved like one in the third quarter of 2020. Here is what happened.\nApple (AAPL) is nothing likea meme stock. The sheer size of the company, trading volume, institutional ownership and multi trillion-dollar market cap make it nearly impossible for a relatively small number of retail traders to sway the stock price in any meaningful way. But there are often exceptions to the rule.\nToday, the Apple Maven goes back to third calendar quarter of 2020 and revisits the few weeks when Apple stock traded like meme: up sharply and quickly, on heavy volume and arguably decoupled from business or macroeconomic fundamentals, followed by a sudden drop from the peak.\nAAPL stock: to the moon!\nApple’s fiscal third quarter, reported in late July 2020, was quite impressive given the COVID-19 disruptions. The company managed to post revenue growth of nearly 11% and EPS of $2.58 that topped consensus by around 50 cents.\nBut, despite the strong performance, it is still not easy to justify what happened to Apple stock in the month or so that followed the earnings release. Between July 31 and September 1, AAPL climbed a staggering 40%, the most in such a short period of time in the past ten years at least.\nNot even the recovery from the bottom of the COVID-19 bear was so fast and so furious. See chart below: a histogram of the one-month returns in Apple stock on any given day over the past decade.\nFigure 2: Distribution of one-month returns in AAPL, past decade.DM Martins Research\nThe roots of the meme attack\nIn my view, there is one key factor that explains the bullish reaction of August 2020. Along with financial results, Apple also announced its first stock split since 2014. One share of AAPL would become four on Monday, August 31. CEO Tim Cook explained the company’s decision:\n\n “We are announcing a four for one split of Apple common stock to make our stock more accessible to a broader base of investors.”\n\nWhile accessibility to retail investors is probably the main reason for splitting a stock, the rationale does not work as well in today’s trading environment. Nearly all major brokerage firms allow for fractional ownership, which means an investor can buy or sell less than one share of Apple stock.\nThe only way that a stock split matters nowadays, in my view, is by catching the attention of investors who believe that the event unveils “a good deal”: two, or four, or ten shares for the price of one. This was probably the key factor driving AAPL share price to $134 from $106 in less than five weeks.\nThe morning-after hangover\nLike any good “meme attack”, AAPL share price spike was followed by a sudden pullback.\nAfter reaching a peak of $134 in early September, the stock dropped below $107 only 12 trading days later. It entered correction territory, defined as a 10%-plus pullback from the peak, in a record four trading days. In fact, Apple was still priced below September 1 levels as recently as a couple of days ago.\nIt is probably not a coincidence that Apple’s sharp fall from the top started to unfold within one or two days of the stock split finally being executed, when the “buzz” finally wore off – the telltale sign of a meme stock-like frenzy running its course.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1615,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144898149,"gmtCreate":1626274022381,"gmtModify":1633928362722,"author":{"id":"4087134899796190","authorId":"4087134899796190","name":"Imhy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087134899796190","authorIdStr":"4087134899796190"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Up up and away","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>Up up and away","text":"$Apple(AAPL)$Up up and away","images":[{"img":"https://static.tigerbbs.com/c7e90302fe4e1102e8db63d62755f3a7","width":"1125","height":"2183"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/144898149","isVote":1,"tweetType":1,"viewCount":2197,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":809486361,"gmtCreate":1627387286353,"gmtModify":1633765511869,"author":{"id":"4087134899796190","authorId":"4087134899796190","name":"Imhy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087134899796190","authorIdStr":"4087134899796190"},"themes":[],"title":"","htmlText":"Continue flying!","listText":"Continue flying!","text":"Continue flying!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/809486361","repostId":"1108884592","repostType":4,"isVote":1,"tweetType":1,"viewCount":2053,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159477718,"gmtCreate":1624978680934,"gmtModify":1633946234449,"author":{"id":"4087134899796190","authorId":"4087134899796190","name":"Imhy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087134899796190","authorIdStr":"4087134899796190"},"themes":[],"title":"","htmlText":"[Smile] ","listText":"[Smile] ","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159477718","repostId":"1151394234","repostType":4,"isVote":1,"tweetType":1,"viewCount":2301,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146834295,"gmtCreate":1626065180517,"gmtModify":1633930474451,"author":{"id":"4087134899796190","authorId":"4087134899796190","name":"Imhy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087134899796190","authorIdStr":"4087134899796190"},"themes":[],"title":"","htmlText":"To the moon!","listText":"To the moon!","text":"To the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/146834295","repostId":"1155038838","repostType":4,"isVote":1,"tweetType":1,"viewCount":3184,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}