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Apple Inc. Message Board

  • ardms ardms Mar 9, 2013 10:58 PM Flag

    Downhill Racer...

    Incredibly strong downside mojo for Apple says we'll have to see how low Apple can go. Its looks cheap on fundamentals but fundamentals don't matter when someone is watching their account balance evaporate! Gone from most loved and over-owned stock to the world seems to be ending sentiment! The decline seems way over-done but stocks have a way of trending farther higher and lower than you think they would. Any stock, especially any tech stock, can get a 50% haircut off highs after a big run and the chart says we could see $350, but the fundamentals (that don't matter) say that is unlikely to happen. I started a small stake at 425 and will accumulate slowly figuring the world isn't ending for Apple.

 
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