Apple Share Price Dropping

After a big fall late last week, the share price is down 7.05 already this morning....


What is going on? The market is down generally of course, but other major tech stocks are down only a fraction of what Apple has lost over the past few days. Is there a reason for this?

Even MSFT is up!

Is it something to do with macworld coming up?

I don't know.....

I've been trying to look at the various investor blogs and no real answers.

Experts are saying the stock is still predicted to go to $200 so maybe a good price to buy if it stays at this $170 mark or goes further.

Could be a nice spike after Macworld as well....

I wouldn't worry about it. The market is so fickle right now, with the poor economy.

A suggestion:
Don't check your stocks every day. It is just stressful and nerve-racking. Unless you have a special reason to, you shouldn't check them more than one a week, max. All stocks go up and down, but if you picked good ones, they will go more up than down overall. So don't worry about it!

There are a number of things going on.

First of all, a lot of people would have speculated on Apple reaching $200, which it did, and then plan to sell off at that price. It'd be automated, and large volume. So a lot of people would have bought a lot of stock, then sold it for a $50 per share profit.

However the biggest issue is that the US economy is heading for a downturn, and luxury goods always get hit first. Intel got hit too, so did Dell, so the prediction is that fewer 'toys' will be sold this year due to people finally feeling the credit pinch, weak dollar and slow down in the jobs market.

If you don't have Apple stock- get it in any case (keep in mind I am not an expert and I got my share when it cost in mid 80s).

markxs said:

If you don't have Apple stock- get it in any case (keep in mind I am not an expert and I got my share when it cost in mid 80s).

Click to expand...

I got mine when it cost ~$12.

I'm not rich enough to buy stock.

If I had some money, though...