“Apple Inc.’s stock was down 1.3% in morning trade, putting it on track to suffer back-to-back losses for the first time in nearly six week,” Tomi Kilgore reports for MarketWatch.
“Apple’s stock has now lost 1.9% since closing a record high of $133 on Monday,” Kilgore reports. “The last time it fell for at least two straight sessions was when it declined 3.8% during a three-day losing streak ending Jan. 16.”
Read more in the full article here.
MacDailyNews Take: Overreaction to recent events (see related articles below) that the average mom and pop investor does not fully understand and neither of which will negatively affect Apple in the long run.
Profit from the ignorance of the flock.
China drops Apple, others from approved state purchase lists – February 25, 2015
Rocket docket jury orders Apple ordered to pay $532.9 million in patent trial; Apple to appeal – February 25, 2015
institutional investors just sold, not mom and pops.
True. My AAPL shares lost some of their great gains. So, I picked up another 700 shares at $128.85. Tuff day. Going to have to hold off a few more days until it hits my $147.94 target price. I will sell some as it goes higher to diversify my over invested Apple holdings. For now, AAPL investments are doing great!
We have not been at these prices in the last 5 days! However, I still like the value to go up each day just like the rest of the investors.
700 shares? Bullshit!
No ascending stock will ever rise without a pause to rest. This is natural, this is expected. And in a sense, such occasional pauses are welcome because if the stock were to continue upward at a very high rate, it might well be setting itself up for a big drop at some point, and that would scare investors. By setting highs as Apple has done in the past few weeks, it has created a new resistance point. If it consolidates below that point for a period of weeks or months, then the next move to the upside will likely be strong.
Apple is doooooomed! Sell it off and give the money back to the investors!
I have this feeling that the appeals court is about to hand down its decision on the ebook case. Of course in favor of apple. Let us see how the crooks manage to hold down apple while holding up amazon.
I’m visualizing Johnny, from the movie Airplane frantically screaming, “Aunty Em! Aunty Em!…”
“I picked a hell of a time to quit sniffing glue….”
2 days seems a realistic period upon which to make long term judgement about things. Why not judge it on an hours trading? I’m sure there are two consecutive hours when it went down.
The significance of this story lies in the need for a continuous stream for bad new on Apple, but analysts and pundits are simply running out…
“… stream of bad news …”
Is it just me, or does anyone else notice stocks go up and down on a regular basis?
Six weeks ago, AAPL was at 109.80, now it’s at 131.0. It takes some very tortured logic to characterize anything about this as a “loss” or “danger.”
If you take yours eye off the the minute-by-minute or day-by-day trader bullshit, and instead look at AAPL from any perspective relevant to an investor, the trend is overwhelmingly positive with AAPL.
This is not news! Stocks do not go only in one direction – they go up and down on a daily basis. The general direction is the important thing.
Perhaps we are in for a consolidation for a while. It could be for a few days or for some weeks.
Normal – especially after repeated new highs. No big deal!
Especially during lulls between quarterly announcements and new products.
Two words: profit taking
Look at AAPL growth for 1 yr, 2yrs., or 5yrs. Then, go sell it
on a headline targeted at shorties. There is always one.
Anyone who sells on a headline should not be an investor.
You can always expect some profit taking after a run-up based upon no real story or fact. Apple can dream much bigger than making a car and competing with dozens of experienced name brands unless it has hydrogen tech or something major up its sleeve. Noone has really captured the living room or China yet, so I think Apple has its focus there and will keep it. Even if the stock were to tank, the cash reserve keeps them sustained for a long, long time. Just look at M$…they haven’t done anything major in years now and are still forking out that dividend and sustaining themselves. Apple can sustain themselves tenfold with their cash and brand. I’m staying with AAPL longterm as always.
Come on folks….. After such huge run its only 2 days of correction/ profit taking! Expect more..
Its healty .. Its good ! Otherwise it may leed into huge instability!
Slow and relatively steady is a good thing !
All this sensationalized headlines and articles are either nonsense cry wolf or manipulation !
Cattle like to wander. Moving to a new pasture does not constitute an opportunity for FUD. But TechTard journalists need to post something every day to get those clicks. (o_0)
Cud, on the other hand… 😉