By my calculations most of the technical selling due to the change in tax rates has occurred. At most, investors will only have to wait another few days before a major reversal will take the stock substantially higher.
And down over $15 today. How's that prediction working out?
I can't believe how cheap AAPL is now. I bought a bunch at $679 a couple months ago. P/E is now less than 12! Is this an end of the year profit taking & sell off?
the technical selling may continue til the end of the year but I am hoping that Friday of next week will be the last before a Santa Clause rally. When a rally in Apple does occur it might be fast and furious.
Comments
And down over $15 today. How's that prediction working out?
I can't believe how cheap AAPL is now. I bought a bunch at $679 a couple months ago. P/E is now less than 12! Is this an end of the year profit taking & sell off?
Quote:
Originally Posted by jasenj1
... Is this an end of the year profit taking & sell off?
Yes.
the technical selling may continue til the end of the year but I am hoping that Friday of next week will be the last before a Santa Clause rally. When a rally in Apple does occur it might be fast and furious.