% | $
Quotes you view appear here for quick access.

Apple Inc. Message Board

  • collieman83 collieman83 Jun 26, 2011 12:38 PM Flag


    Just because at this time, Apple is the best company in the world, doesn't mean its stock can't temporarily be decimated.

    The advance/decline line has not reflected the Dow (which I'm sure has 30 companies whose stocks are are totally manipulated), meaning that this is a completely phony market.

    Almost no "high flyers" like AAPL escape the wrath of a down market.
    The S&P has bounced off the 1263 Moving average twice, once on June 16, and again on June 22nd.
    There are only 5 points left on the downside of the S&P, before it breaks its 200 Day Moving Average.

    It would be smart to look at the S&P this week, in conjunction with the stock.

    If the S&P holds, I would be a buyer.
    If the S&P breaks, I would stand on the side lines.

    If I already owned the stock and bought it at a much lower price, I would do nothing.


    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I agree.

      I remember Xerox (when it had the only copier on the market) go from 325 down to 125 in 6 months.
      There were some planted rumors that another company (at the time un-named) was coming out with a better copier. It never happened

      It then turned around within the next year, and went above 400 where it split 5:1.

      I'm not saying the same thing will happen to AAPL, but just showing that a stock can go down because of market conditions, or for no reason at all.

116.60+0.54(+0.46%)Oct 21 4:00 PMEDT