Apple Inc. (NASDAQ: AAPL) lost 2.38% today to close at $117.05. It reached an intra-day peak of $148.92 on July 27. Its record closing high is $146 on the 26th of July. Apple is off by 21.4% from the intra-day high and by 20% from its closing high. Time to buy???
In this market, it is anybody's guess. What I have seen is the argument being made that nothing fundamentally has changed, especially about tech stocks.
Thursday, August 16, 2007
Apple Shares in Correction, Down 21% from Peak
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