Market conditions are way worse this time than when AAPLE went from 190 to 120 earlier this year. This will be a world wide downturn and last for quite sometime. I phone/Mac forcasts will have to be adjusted downward. I agree with other posts here, sell while you can before we see $120 to $140 again. Today was total market capitulation. This is a perfect economic storm and I predict we will see dow 9500 or worse before its over.
Buy puts. I bought July 185 Puts last month for around $1100.00 each, and today they are above $1800.00. When Apple broke down to$168.01, the puts were up around 18.75-18.80 each. You must be hedged in a climate like this, even with good companies. There is no question that even the high flyers will be impacted by the changes in the world wide economy. Apple is still a solid company, is it not?