Quote from S2007S:
Apple down $16 today to $663, Im not bullish or bearish on apple, but what I will say is that come Wednesday the stock will probably be around $680-$690 based off of the release of the iphone 5 and ipad mini. People will probably be waiting in line 2 weeks before it even comes to the store. Surprised to see it sell off on one of the biggest tech events of the year.
What makes you think those known releases are not already priced in ? You would need a non expected super feature or product for this to react otherwise considering it has been a buy the rumor sell the news type of action so far.