Most of the volume was during the price rise. I believe this reflects accumulation activity. When the target buy was achieved the drop in volume precipitated a decline in price. I think we will see more cycles of accumulation with corresponding consolidation episodes. If price declines to 1.20 or below we would have a remarkable buy opportunity. When the market correction comes we may just get this kind of drop. The next short report may help answer the question as to weather a covering mentality has taken seed.
Rather simple to explain .
There are traders, short term holders , and investors .
AAPL was a couple of bucks in the 1980s.
It hit $667 dollars after 3 splits .
If you bought 1,000 shares then , at say $2.50 your investment of $2,500.00 , TODAY , just based on pricing you would be holding 8,000 shares @ $433.00 would be $3,464,000.00 but that the share price was up to $667.00 so you would have lost a lot of money on your investment lately .
Not to fear there are many brokers that feel AAPL is heading back up and could go over 1,000 bucks .