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
- MAY YOU BURN IN THE FIRES OF 1,000 SUNS | iBankCoin.com
- Potential Intraday Runners | iBankCoin.com
- Who's Right? | ZeroHedge
- The Biggest Threat To America | ZeroHedge
- Consensus Expects Year-End Rally Post 10% Market Correction | Financial Sense
- AND NoW FoR A MeSSaGe FRoM YouR EBoLa CZaR... | ZeroHedge
- "It's Very Extreme" - Drought & Drug Cartels Drain California's Aquifers At Record Rate | ZeroHedge
The most relevant financial news and articles from the Internets
- Australian Doctors Transplant 'Dead'... | Business Insider
- Jobless Claims Rise In-Line With Expectations (DIA, SPY, QQQ, TLT, IWM) | Business Insider
- Canada shooter planned to go to Syria: police | Business Insider
- CSX's Michael Ward Explains How Railroads Drive the Global Economy | TheStreet.com
- STOCKS RALLY TO END THEIR BEST WEEK OF THE YEAR: Here's What You Need To Know (DIA... | Business Insider
- A New Study Shows That Sunday Is The Best Day To Book A Flight | Business Insider
- French PMI Comes In Horrible, As Europe Collapse Continues | Business Insider