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"Free fall" is a bit of an exaggeration. Yeah, it dropped 4% really quickly this morning, but in the grand scheme of market drops, 4% is not that large. I was e
by loganfrederick 13y ago
"Free fall" is a bit of an exaggeration. Yeah, it dropped 4% really quickly this morning, but in the grand scheme of market drops, 4% is not that large. I was expecting to see a 10%+ drop. A 4% drop could be attributed to a lot of different things not directly related to the company's business or someone making a big move before earnings announcements.
- velodrome 13y agoThe price of the stock is near the $400 - a psychological pivot point. If it continues to decline in value and closes under $400, the stock will go into a freefall (or another selling period). In the short term, Apple needs to come out with innovative, disruptive products that create a whole new market much like the iPad and iPhone. In the long term, they need a sustainable cash cow like Google's ads business.