Gotta love ZERO RISK in the SP500 = $$$
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Here's why Apple shares took a dive: Pros
Cadie Thompson | @CadieThompson
3 Mins AgoCNBC.com
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COMMENTSApple's share price took a dive on Monday morning, dropping about 6 percent before making a slight recovery.
Read MoreHere's what could end Apple's winning streak
The iPhone maker's volume spiked to 6.7 million shares around 9:50 a.m. ET. It was the largest one minute volume of trading since October 29th, according to Reuters.
But why the stock took a hit wasn't so clear.
RBC Capital markets analyst Amit Daryanani said traders told him reasons for the selling may include a rating change Morgan Stanley made Monday, cutting the US technology sector to 'market weight' from 'overweight.' The firm also cut its Apple weight to 3 percent from 4 percent and recommended clients trim their position in Apple.
Daryanani also said that their is chatter of program selling in tech.
Lou Basenese, founder of Disruptive Tech Research, said that while he's not hearing anything specific, the most reasonable explanation is that investors are just ready to cash out.
"I think the most logical explanation is profit taking. Shares were up about 25 percent off the October lows, compared to an 10 percent move for the Nasdaq," Basenese said.
He also added that an upgrade Barclays made on Monday could also be having a reverse effect.
"Today's price target increase from $120 to $140 at Barclays might actually be negatively impacting the stock, as investors fear analysts are getting too bullish," Basenese said.
There was some chatter that Apple, like its peers, also had weak Black Friday sales.
Some traders said that Apple may also be falling victim to the retailer sell-off.
—By CNBC's Cadie Thompson.
Scaleout.Scalper
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Week after thanksgiving tends to be a red week, just let it pass, then buy when its over.
What? Buy now, buy later and if it goes down further, buy more! Take out an extra credit card, get a cash advance and buy more on margin! You can't lose.
Just bought JDST again at $14.65.....
talk about volatility ...this is the etf to trade..
Jdst and jnug move over 8% a day ...today there is more than a 25% change in each etf...
Bought and sold jdst in about an hour this morning. Ran up nearly $2 after I bought sold out after making almost $1.50 on my shares
Bought at $14.65
Sell price ...anything above $17.00
talk about volatility ...this is the etf to trade..
Jdst and jnug move over 8% a day ...today there is more than a 25% change in each etf...
Bought and sold jdst in about an hour this morning. Ran up nearly $2 after I bought sold out after making almost $1.50 on my shares
Bought at $14.65
Sell price ...anything above $17.00
Never a down day in the land of perfect.