“Stocks reversed lower Wednesday, putting a damper on hopes for Apple to pull out its biggest winning streak since September,” Alissa Williams reports for Investor’s Business Daily.
“If the stock were to close higher on Wednesday, that would be its fourth straight gain,” Williams reports. “Apple hasn’t seen consecutive positive action like that in about four months.”
“Shares rose as much as 1.2% percent in slightly above average volume Wednesday, but the stock was hovering in and out of red territory by the afternoon,” Williams reports. “Despite the slight positive momentum seen over the past few sessions, Apple is still roughly 25% below its April high.”
Read more in the full article here.
MacDailyNews Take: Ah, the vagaries of the market.
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Apple could soon lose its place as world’s most valuable company to Google – January 13, 2016
I keep saying it you little campers, SELL THIS YESTERDAY. Otherwise, take it up the Cook Canal.
X, we would like to sell you, but no one would buy! Lol
Wall Street toilet paper is not Apple. Apple’s value is not in how much its tissue paper stock is worth, but in its real estate, manufacturing facilities and real money finances as well as the trained people who work for it around the world.
Wall Street will do the 1930s Depression thing again, but Apple will weather the coming economic tsunami.
Hear that flushing sound? It is the gurgle from Wall Street that has ruined every company it touches.