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Old December 6, 2012, 01:49 PM
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SugarJ SugarJ is offline
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And no one actually loses billions, least of all Apple. It's a change in market capitalization, i.e. how much you would pay if you bought every single stock in a company at the current price.

Now, if I'd bought $1 billion worth of shares at $595 last week, and sold them at the low of $518.63 this morning, I would have lost $130 million. If I'd waited until 1:00, they were trading at $553 and I'd only have lost $71 million. However, I didn't so I didn't actually lose any money, and neither did Apple. They don't own the shares, the public does.
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