Why Apple Stock is Crashing: Analyst Bob Renck's Theory

[pimentoLoaf]

His theory as explained by Herb Greenberg at MarketWatch.

Current Stock Price at EDGAR Pro.

 

[aricher]

The plummet has astounded quite a few people. Having bought in at a little over 12 and cashed out in the 70s It doesn't bother me a bit. I think I'll be picking some up before the inevitable holiday season spike.

 

[iGary]

Apple's just kind of stale right now - No summer iPods products, no real major changes to product lines (drastic) and people waiting out the transition to buy. I think we could see this coming. Fall should be good.

 

[Evangelion]

It's going down, sure. But "crashing"? Hardly. I just checked Dell's shareprice, and they seem to be on an even steeper downwards-curve. So while Apple is falling, it's not like it's the only one.

 

[Bubbasteve]

So long story short.....I should buy Apple Stock now

 

[aricher]

So long story short.....I should buy Apple Stock now

I'd wait it out just a bit longer - you'll see it dip down a bit more before rebounding... I think. Nice 'tar by the way

 

[Bubbasteve]

I'd wait it out just a bit longer - you'll see it dip down a bit more before rebounding... I think. Nice 'tar by the way

Thanks for the tip & compliment

 

[jhu]

uh... the market overall has been going down. it's not just apple.