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Apple Inc. Message Board

  • beatstockpromotersdotcom beatstockpromotersdotcom Dec 14, 2012 6:30 PM Flag

    Downside projections for AAPL if support does not hold at 506...


    $375 or even $352 is possible if AAPL can't hold on at $506. The fact is if the stock was going to bounce and continue its trend it should have already done that on the third attempt. There is a very good chance that this is near. I am not short this but I am sure in the next month a lot of hedge funds are going to be covering their shorts below $400. Pretty sad for the AAPL long term believers. The euphoria lasted longer than expected after Jobs died but now the long term holdings are being punished and you can guarantee the market makers and institutions will squeeze ever last drop out of AAPL longs before they cover.

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