AAPL Continues to Fall

[johnnybluejeans]

Anyone still in there for the long haul? Doesn't seem like there have been any stories explaining the recent 14 point shave AAPL has seen.

[stoid]

I think that few could rationally argue that AAPL stock was over-valued and poised for a dip at $85. However, I have had my eye on it for awhile, and if it dips below $60 I will certainly invest in it. It seems that I'm not the only one that would like to get into Apple shares, but the $85 was just too high and with the Intel switch not going the greatest (most pro apps not being Intel friendly) there has been some Wall Street uncertainty for the first time in a long while. I think that once the Intel transition is firmly underfoot in 12 months that the stock will resume a good climb.

[~Shard~]

As I have mentioned in other threads regarding AAPL, I shorted the stock at $85. From a technical persepective, AAPL was simply too high when it hit $85 in terms of its momentum, stochastics and RSI, and from a fundamental perspective, although its numbers would good for the quarter, they didn't meet WS's expectations. And of course there is the whole Intel switch as well causing some uncertainty.

Got the short signal I was looking for, took it, and am making some very nice money again on the stock as a result. All is good. :cool:

For anyone holding a long position in the stock though, don't worry, she'll rebound. ;)

[iGary]

Good time to buy.

Wait till the next Intel product comes out - up it goes.

[~Shard~]

Good time to buy.

Wait till the next Intel product comes out - up it goes.

Yep - I'll be looking at closing out my short position and buying soon as well. I'd like to see if I can squeak out $20 a share on this trade, but I also have learned many times not to get greedy. ;) cool: