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
- Something Is Wrong With This Chart | ZeroHedge
- "Gold Is A 6,000 Year Old Bubble" - Citi's Dutch Strategist Throws Up All Over Gold, Days After Dutch Gold Repatriation | ZeroHedge
- A Feast of Data This Week | Financial Sense
- For The World's Largest Rig Operator, The "Recovery" Is Now Worse Than The Post-Lehman Crash | ZeroHedge
- Spot The Turkey - Live Feed | ZeroHedge
- US "Secret" Deal With Saudis Backfires After Oil Minister Says US Should Cut First | ZeroHedge
- Markets Rally on Surprise Easing by China | Financial Sense
The most relevant financial news and articles from the Internets
- Laptop Computer Reviews - BusinessWeek | BusinessWeek
- How Mark Cuban, Richard Branson, And Other Entrepreneurs Started... | Business Insider
- Mexico leader plans to dissolve local police forces | Business Insider
- Pele improving but still on dialysis - hospital | Business Insider
- European Stocks Are Flat And Some Technical... | Business Insider
- British trio on brink of Europa League knockout phase | Business Insider
- Russia's Northern Fleet Is In The English Channel | Business Insider