funny you asked?
I dont even have a cell phone but I have been thinking of buying an APPL computer.
Apple is doing a good job ,from phone and ipod to Imac,think about it.
News just out,Iphone 5 all sold out in India.
Yes,iphones are expensive and Chinese workers prefer the clam shell ones,but there are still plenty of folks who have money ,they will go after an Iphone jus like they go after coach handbag and Tiffany and Cartier stuff.
Technically it looks like it is about to bounce. I expect a nice bounce of a minimum of 50 percent of the drop. It should happen very soon and fast. The whole market looks ready to rall6y. I expect a new leg up. mthe consumer is definitely back, along with housing, employment, orders, stabilizing EU/China problems. The data has confirmed this for months, despite the EU crisis coming to a head.
BTW, incumbents that are expected to win is usually telegraphed by the stock market BEFORE the vote is in. They have a very high accuracy rate. An up market leading into election means Obama wins.
Most likely the last leg up. How high or long? Anyones guess.
Sentiment: Strong Buy
Look at the 1-yr chart and look at the last cycle: down abt. 18% from 644 to abt. 532, then worked its way back up to 704. If we do the same thing, we'll be down to a low of 581, then start climbing. Patience IMO.
It's called Cook.
Too many shares, PPS out of reach for most, paltry dividend (a total joke), gross lack of innovation, gross mismanagement of cash, and the list goes on.
Ive can't thrive with Cook in the way.
Too little too late.
AAPL dead money until Jan.
Then get out
day trade this shit
Oh is the same explanation for why this exact same thing has happened pretty much every year, sometimes twice in a year? Look long-term blackmonday, and ignore all the noise. Until Apple's fundamentals fail to be amazingly awesome, this stock will continue to grow. Having down turns of 15% or so is VERY normal. check the charts.
The Shorts are driving it down for Weekly Options Expiration today. They are getting rid of all the open interest on Calls they sold. They will probably manipulate it for a close around $590 today. Apple! needs to split the Stock and put these pickpockets out of business. Then they can go get a new yoyo to play with.