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Old December 6, 2012, 07:36 PM
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Galcobar Galcobar is offline
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Originally Posted by G777 View Post
If you had used apple stock to leverage other investments you could have a problem if it doesn't bounce back quickly.
Short sellers (borrow a set amount of stock, sell it, and hope the price to buy it back later when you have to return the stock is lower) are also piling into this a little.

Apple's been dropping for a while now -- keep in mind it was at $700 in mid-September -- as the iPad Mini (relatively) disappointed and the fiscal cliff fears depress discretionary spending.

If Surface and other W8 tablets fail to make a dent and the conservative wing of the Republicans accepts tax increases to go with spending cuts, it should start moving up again. This is why most analysts have the stock as a longer-term buy. In the short term, in part because of short sellers (expectations if widely shared can become reality) it's likely to decline some more.
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