"Shares of Apple Inc. (NASDAQ: AAPL) are weaker on word clearing firms are raising the margin
requirement for clients.StreetInsider.com confirmed that COR Clearing raised its margin requirement specifically on Apple
from 30% to 60% Wednesday, citing a "high concentration.""
And that's why, a bunch of large holders of AAPL just had to come up with twice the amount of margin maintenance they had in place yesterday, 60% in fact, that means many who don't have it have to sell.
I don't think this has much to do with the weakness we had already seen in AAPL, I don't think this news was priced in the market otherwise the selling would have started a lot harder a lot earlier, so this could add to the downside we already thought AAPL would see or it could just speed up the process of getting where AAPL needs to be before it can bounce or even rally higher.
I don't think this has much to do with the weakness we had already seen in AAPL, I don't think this news was priced in the market otherwise the selling would have started a lot harder a lot earlier, so this could add to the downside we already thought AAPL would see or it could just speed up the process of getting where AAPL needs to be before it can bounce or even rally higher.
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