Mr. Bush & His Big Bear
January/24/2008 01:27 Filed in:
Wall Street
AAPL apparently slumps to US$126 level
on January 24, 02:00 hrs (GMT+8).
Apple Inc. released yesterday the Fiscal Q1 Earnings Report, most
sales figures and financial fundamentals are considered the best
quarter ever. Unfortunately, US Stock market appears to be
pessimistic on economical recession, whereas the subprime loan
issue has not yet been resolved. US stock shares are entering a
bear market, while AAPL has fallen from 202.96 historical high,
slashed down a whopping of 38% volatility to 126 level.
This is absolutely a devastating meltdown of AAPL.