The Real Reason $AAPL Dropped On 12/1/14: More selling than buying. That's it. Nothing about the company's products or prospects has changed.
Is it really a shock that there is selling one month before the end of the year in a stock near/at all time highs? Think you know better?Check out the explanations proffered by these so-called "pros" (h/t @philiped): Apple fell 6.4% Monday am. The commentators must find reasons fortune.com/2014/12/01/apple-fell-6-4-mo.../
So there you have it: because reasons!
- Yes, I added to my position this am
- If $AAPL is down more than 15% by 12/31 I will not be merry
- If any of the linked explanations turns out to be provable and is the indentifiable start of some "trend" I'll post an update and eat virtual crow...
Disclosure: The author is long AAPL.