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Apple Believers “Depressed and Scared”
It’s hard for true believers when high fliers go down day after day. Yet that is what is happening to several of the glamour stocks right now.
Take Apple.
Investors don’t know what to do. For now, they are just “depressed and scared.” As is evidenced by this poster on the Yahoo Finance Message Boards:
I bet it all on aapl…thought it was a sure thing…i used all my margin account to average down to 173…i’m worried that we’ve dropped so low…even an earnings bounce might fall short..i need some advice from some saavy longs…I already know what shorts think.
Apple is down about 20% since it hit an all-time high just under three weeks ago. It’s fallen from $202 to $159 a share.
Hold on for the ride.
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Mom and Pop Investors LLC is an independent publisher. Mom and Pop Investors LLC is not a registered investment advisor. Please consult your investment professional before making any investment decision. Sources of information are deemed reliable but they are in no way guaranteed to be complete or without error. The Editor may have positions in and may from time to time buy or sell any security mentioned herein. Past results are no guarantee of future performance.