Apple has ended the week right where it was meant to be.
Agreed, except I do think we see a bounce. IMO, the stock is down due to hedge funds capitalizing on "tax gain selling" by adding to the selling pressure with short selling triggering mutual fund stops and creating generalized selling panic. But, they too will want to take their gains this year and cover their shorts and they need to do it before tax gain selling ends and available shares to purchase dry up. The combination of tax gain sellers waning and short sellers covering and those buying the fundamentals at low P/E ahead of the quarter could very well produce a bounce back toward $600 to $625 by year-end IMO.