“Apple (AAPL) has plummeted, going lower in 16 of the last 19 trading sessions,” Stephen Rosenman writes for Seeking Alpha. “Is it a correction to 2012’s earlier supercharged three-month-rally? Or fear that competitors and governments will together take the Cupertino, Calif., company on with lawsuits and new products and keep it down? Or does the move foretell the end of Apple’s innovative juices?”
“Could it be the flash crash of March – forever to be called ‘Rosenman’s bear sign’ – presaged April and May’s dire stock action? (Hey, the evil technical I coined worked. Whether phony-baloney, it sounded the alarm, didn’t it? “Rosenman’s bear” correctly signaled the market’s nervousness),” Rosenman writes. “No, no, no, and no.”
Rosenman writes, “The reason for the totally-miserable-horrible stock action: It’s simply the start of the Apple doldrums… Happens just about every year. Each and every frigging year. Happened in 2006, 2007, 2008, 2009, 2010 and 2011. Scary, upsetting and quite costly to the uninformed. In fact, it often starts right about now. April and May, the perfect Apple doldrums start. Yes, the miserable doldrums, when Apple’s stock price goes down or does nothing for endless months.”
Read more in the full article here.