Apple (AAPL) has just announced its quarterly results. It has had the most profitable year of any company ever, and the fourth most profitable quarter of any company ever. Year over year results were strong. But the analysts didn’t think it was shocking enough, so the stock tanked after hours, dropping below $450 a share (i.e., only a few dollars up from its 52-week low).

At this price, Apple is trading at a P/E of about 10. Its market cap is about $424 billion — and it’s a company sitting on $184 billion in cash, and that fucking prints money like no company ever before it.

And the stock’s taking a beating. I’m thinking it’s buying time. Except, you know, 100-share lots on a $400 stock are kind of a big bet.