Oh No, Apple Shares Falling
After an incredible ride is it really that hard to believe that Apple Inc (AAPL) shares can't go up every single trading day? Come on.
Apple shares have fallen for five straight trading sessions, off its 52-week high of $644. Today AAPL is down another 3.3% and trading at $585.28. Its really not news and nothing to go crazy about, the stock was due for a pullback.
Mastery, as much as we have bashed the stock for being to high in the past, this may present a temporary buying opportunity. Apple shares are down on zero news this past week and its shares now trade with a 17 P/E.
Apple could bounce in the coming days on success of its iPad launch across the world. The new iPad goes on sale in South Korea and 11 other countries this week. The iPad hits India on April 27th, time will tell if its a hit there.
MASTERY Bottom line:
The pullback on Apple shares was due, it may be a great entry point.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Money Is Energy: George Mobus Discusses Biophysical Economics and Alternative Theories of Value | Financial Sense
- Oil's Latest Casualty: Saudi Binladin Group Fires 50,000, A Quarter Of Its Workforce | ZeroHedge
- Why Is JPM's "Quant Guru" Suddenly Worried About The "Endgame" | ZeroHedge
- Krugman's Solution Is "The Fiscal Equivalent Of War" - Japan Agrees | ZeroHedge
- Blistering 7 Year Auction Stops Through, Driven By Surge In Foreign Central Bank Demand | ZeroHedge
- Market Recap Apr 29, 2016 | FundMyMutualFund
- The Future Of America? – More Than Half Of All Adults Under-30 Now Reject Capitalism | ZeroHedge
The most relevant financial news and articles from the Internets
- RANKED: These are the granola bars with the least sugar | Business Insider
- Prince's death highlights an important point about estate planning | Business Insider
- Lego Is for Girls | BusinessWeek
- Regulators could transform the lending industry by 2017 | Business Insider
- The founder of Sam Adams has a policy that would make the CEOs of other billion... | Business Insider
- Facebook's lead HR consultant explains how the company... | Business Insider
- Traditional banks may be in trouble due to digital banking | Business Insider