It takes a special kind of idiot…
Since September of 2012, shares of Apple (NASDAQ: AAPL) have been on a major slide from a top of $603 per share level all the way down to $380 in April of this year.
During the first half of 2013, there was no shortage of Apple stock haters. After Steve Jobs' death Wall Street declared the company stock dead. Traders and hedge funds sold it while they grabbed for frothy companies that in reality don’t measure up Apple’s proverbial toe. The haters spoke volumes with their asset allocation away from quality into froth.
However, since the lows, appetite for Apple's stock has been on the rise. Price is making a rounding bottom from which it can build a comeback of sorts.
Similarly to Apple, Facebook fell out of favor immediately after its initial public offering. The stock open price high was $45 per share before quickly tumbled to a low of $17. Of late, and just like Apple, Facebook has been working on a rounding bottom from which it mounted an impressive comeback to regain and impressively breach its IPO price.
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