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FFH5
Premium
join:2002-03-03
Tavistock NJ
kudos:5

1 edit

Apple stock on a 2 month slide

Looks like Apple stock is struggling lately at $526.59/share. What is wrong?
»finance.yahoo.com/echarts?s=AAPL···defined;

»www.reuters.com/article/2012/11/···20121116

Apple Inc, the largest U.S. stock by market value, was headed toward its eighth straight week of declines on Friday

Since hitting a record high of $705.07 a share in September, Apple has lost about a quarter of its value. The stock's descent has vastly outpaced those of the S&P 500, which is down just under 7 percent in the same time frame.

Apple's stock has been below both its 14-day and 50-day moving average for over a month, suggesting both the short- and mid-term momentum is negative.

--
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasury.


Simba7
I Void Warranties

join:2003-03-24
Billings, MT

1 recommendation

said by FFH5:

Looks like Apple stock is struggling lately at $526.59/share. What is wrong?

Because people are realizing that Apple is no longer innovating and now copying. Looks like their bubble finally burst.


dnoyeB
Ferrous Phallus

join:2000-10-09
Southfield, MI
kudos:1
The fact is nothing new. The realization is the problem. Seems like the Apple marketing machine could use some grease.