it doesn't make any sense why this is still above $300? They delayed the iphone launch to sept from typical june. Amazon going to be taking market share from ipad. products are too expensive. economy in the crapper, dow down 7% from highs this year... this is NOT a buy until $280... it will go there! I wouldn't touch this thing until then and only then.
It's simple. The big boys are taking it down. Nothing else matters until they decide to take it up. The converse applied to NFLX. In spite of ongoing bad news, the big boys took it up, and up, and up. That may just be reversing.
Forget fundamental and technical analysis. Just try to guess what the wall street crooks want to happen and be on that side of the trade.