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
- A Bowl Full of Everything | iBankCoin.com
- A Few Ideas For Wednesday | iBankCoin.com
- Traders Walk In On Another Sleepy Session In Search Of Its Volumeless Levitation Catalyst | ZeroHedge
- Rise in Housing Starts Disappoint, Permits Fall | Financial Sense
- POMO Pump-And-Dump Leaves Stocks In The Red | ZeroHedge
- David Stockman Blasts "America's Housing Fiasco Is On You, Alan Greenspan" | ZeroHedge
- Here Comes The Next Great Rotation: Out Of Stocks And Into Bonds | ZeroHedge
The most relevant financial news and articles from the Internets
- The Republican Party Would Like To Sell You George H.W. Bush's Technicolor Dream... | Business Insider
- This Amazing Video Destroys Those Awful, Patronizing Dove Ads | Business Insider
- 10 Most Expensive Tickets in Major League Baseball in 2014 | TheStreet.com
- The Supreme Court Case That Could Change The Future Of TV Begins Today | Business Insider
- Here's Why The Supreme Court May Have A Hard Time Understanding A Huge Technology Case | Business Insider
- Markets Are Drifting Higher (DIA, SPY, SPX, QQQ, NFLX) | Business Insider
- Chinese Manufacturing Still In Contraction | Business Insider