apple sell off

Quote from Renegen:
I was looking at this stock the past couple of days and it keeps going down, no matter what the market does. And this is right before the iPhone, what gives?
The stock actually did not go down on both the days at a stretch. Market was down yesterday, but AAPL was up. May be that was what OP was trying to say.
 
Quote from Renegen:

I was looking at this stock the past couple of days and it keeps going down, no matter what the market does. And this is right before the iPhone, what gives?

because all the expected good news have been priced into the stock, and when the news finally broke, and it's nothing surprising, the only way it going to go is down.
 
Quote from JSSPMK:

I think it ought to re-test daily support (107-110) first due to a divergence.

You may b right but you see me Genius and I say $130.00. But if you right, me then call you "Little genius" :D
 
Quote from UnFoRGiVeN:

iPhone release will be the end of APPL's rally. Maybe? Maybe not.
Why do you think it would end the rally? is it supposed to be a bad product that it won't attract customers compared to the ipod. I just think kids these days are so fucking stupid that they will buy anything that makes them look cool and hi-tech, and judging from the way parents are bending over to their kids, it will only get worse but that's awesome for gadget companies like sony, apple, microsoft assuming they don't fuck up too bad. However i'm purely technical in my trading and this is why i stand on the sidelines most of the time when it comes to apple. Just my 2 cents.
 
Quote from madmax98:

Why do you think it would end the rally? is it supposed to be a bad product that it won't attract customers compared to the ipod. I just think kids these days are so fucking stupid that they will buy anything that makes them look cool and hi-tech, and judging from the way parents are bending over to their kids, it will only get worse but that's awesome for gadget companies like sony, apple, microsoft assuming they don't fuck up too bad. However i'm purely technical in my trading and this is why i stand on the sidelines most of the time when it comes to apple. Just my 2 cents.
http://biz.yahoo.com/seekingalpha/070608/37719_id.html?.v=1

I've been reading and hearing a lot of this. Buy on hype sell on launch. Fast money people have suggested the same thing. I'm sure it will do just fine.
 
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