Seeking Alpha
  • James A. Kostohryz
    AAPL broke major technical support today. Next major support is below $450. Many thought they would never see a 4 handle on AAPL again.
    11/15/12
    Reply (10)
    • andyk80: The May intra-day low was $522
      11/15/12
    • James A. Kostohryz: Very true.
      11/15/12
    • mitrado: Never say never in the Stock Market, specially for companies who get over 75% of their revenue from a single product. Risky business!
      11/16/12
    • PersonaNonGrata: So... then it didn't break the May support level, right?
      11/16/12
    • James A. Kostohryz: It broke the support on a closing basis, which is what most TA analysts go by. The intra-day low provides some ambiguity to the situation.
      11/16/12
    • andyk80: Well.. the close below $530 is not a good sign. Anyways no reason to go long right now. I would bet it goes lower.
      11/16/12
    • James A. Kostohryz: I should have qualified the comment about the break, in that respect.
      11/16/12
    • wyostocks: Anyone who didn't see this coming had blinders on. Question now is when does it reach oversold levels and it is time to get back in.
      11/16/12
    • James A. Kostohryz: I think it is more of a general market call at this point. Hard to see too much more relative underperformance for AAPL at this point.
      11/16/12
    • Playing the Ponzi: I had posted this on Friday noting what I thought was significant technical support. http://bit.ly/ZPt2lP Longer term, I'm a bear
      11/19/12