x PhoneArena is hiring! Reviewer in the USA
  • Options
    Close






Apple's stock now in bear territory after 20% drop from peak; was Elliott Wave correct?

0. phoneArena 07 Nov 2012, 14:16 posted on

After peaking at $705 on the day the Apple iPhone 5 launched, it has been look out below for Apple's shares and the subsequent 20% drop in price brings the stock within $45 of a target of $510 that was predicted back in April...

This is a discussion for a news. To read the whole news, click here

posted on 07 Nov 2012, 14:18 64

1. Droiddoes (unregistered)


HAH - HAH! Should have spent less time b*thcing moaning and (wrongly) suing everyone and their mothers and more time innovating.
They get zero sympathy from me.

posted on 07 Nov 2012, 15:18 37

16. ZEUS.the.thunder.god (unregistered)


Its happening. "The Begining Of The End"

posted on 07 Nov 2012, 17:06 23

44. rainyday (Posts: 44; Member since: 04 Sep 2012)


there is an old saying that never fails 'What goes up, must come down"

posted on 07 Nov 2012, 18:18 2

55. jroc74 (Posts: 6015; Member since: 30 Dec 2010)


I agree with this sooo much....but that also makes me worried for Android...

What goes up....must come down....

posted on 08 Nov 2012, 01:50 3

80. badini007 (Posts: 18; Member since: 02 Jul 2012)


Android is totally different from ios, first it is open source secondly used by multiple manufacturers, if one fails you have the other and same for Windows.

posted on 07 Nov 2012, 20:45

70. Nadr1212 (Posts: 741; Member since: 22 Sep 2012)


Uh ph 4 Apple, u guys HAVE GOT to step up yo game.

Please do, for ur fans, consumers, and great future products u'll make 4 us to buy, and especially 4 ur own sake!

posted on 07 Nov 2012, 21:09 2

72. ScottSchneider (Posts: 334; Member since: 06 Dec 2011)


Also... What's Big and Huge Falls Hard...

posted on 07 Nov 2012, 18:41 1

58. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)


More likely the traders are pricing the impact of a recession in Europe into Apple's earnings....

posted on 07 Nov 2012, 15:24 15

17. PhenomFaz (Posts: 1236; Member since: 26 Sep 2012)


for those of you who understand the stock market well enough to deal in it....short Apple stock, mine gold wait a bit till their next announcement which'll be sometime next May as they have already launched or announced most of their stuff this year and buy again! Simple :)
Apple's stock is not to hold for long term...

Oh yeah and before I go....

BURN Apple BURN...! MUAHAHAHAHAHA :)

posted on 07 Nov 2012, 17:06 4

43. QWIKSTRIKE (Posts: 1180; Member since: 09 Mar 2010)


Apple is in a wave A of wave 5 correction. You have no clue about what this means. If this is true there wont be a next year.
Wave 3 top was 600 and that guy predicted a 545.00 decline, and in that last write up I posted that Apple may see 525 or lower and it did fall to 517 so how was he wrong or way early. The writer of this article has no clue either because had he checked he would see that that guy was way correct and not early at all.

Wave 5 Elliot wave expansion 1.38 was 700.00 and that was the end of the line for now. Apple will try to retest that high as a wave B, and fail then wave C will happen. Apple is already under the 200 day moving average which means funds are have sold or already unwinding. When wave C happens any one near Apple will not be happy.

Those were the technical's, and they look bad since apple is under the 200 day average that means lots of selling. Apple has not failed that 200 day average since the last stock market decline of last years June fail.

The stock market 5 wave cycle is complete since the 2008 decline we did a 78.6% retrace of 1575 2007-2008 top. The major correction is already starting next year may not be pretty

We will test 1390, and then 1336, and if we fail there look for 1200's "IF" you are in any stocks or have investments it is now time to go defensive. By years end it will not be good. Tech is finally about to fall with Apple leading the decline.

Let's see if the Fed's can Q.E. this.....ooops they already are until 2015. I can't wait to see how this is going to play out.

At any rate Elliot waves works and that guy was correct, because Apple did fail to 517.00 before climbing back to a 1.382 projected wave 5 top.

Apple is one of the best performing tech stock of the last 4 years period. Embrace what they have done. I am an Android guy but you have to give them credit for changing the Tech game in the phone/computer technology arena.

posted on 07 Nov 2012, 17:19 5

46. QWIKSTRIKE (Posts: 1180; Member since: 09 Mar 2010)


That's right thumb me down rather than to understand what it is that you are thumbing down. Apple will fail after attempting to rise and when it does I will be just as correct as I was in the last article PA wrote about the Elliot wave prediction. I chart the market and stocks like Apple and also led a group of private investors discussing technical's on the regular.

My friends will tell you that my EW targets are always correct!

posted on 07 Nov 2012, 17:59 1

52. _APPLE_ROYALLY_ (banned) (Posts: 4; Member since: 07 Nov 2012)


Don't worry be happy. Currently the broad stock market and commodities are in a full blown bull market, $o the focus should be to buy the dips untill proven wrong! We thank Apple yet once again™

posted on 07 Nov 2012, 18:52 5

61. QWIKSTRIKE (Posts: 1180; Member since: 09 Mar 2010)


Don't be foolish re-read what I wrote, and investigate this. When you are done investigating you will find that you don't dip buy at a wave 5 top. This is a wave "A" down correction of wave 5 up. If Apple continue to 545-517.00 and holds then wave B retrace will try to reach 700.00 possibly by Xmas. and then wave C will happen.

When Wave C of major wave 5 top fails holy hell will let loose in that stock period. 79.00-700.00 from December 2008-2012 is a lot of profit, and dip buyers at the top is why B waves trick so many dip buyers. I have led technical classes on the smart traders site and investors web site for a group that will tell you that I am correct.

I have taught many people how the waves and pivot points affect stock price action,

posted on 07 Nov 2012, 21:49 2

73. weinerslav (Posts: 126; Member since: 31 Jul 2012)


Thank you for your posts!

posted on 07 Nov 2012, 18:20 1

56. jroc74 (Posts: 6015; Member since: 30 Dec 2010)


They probably thumbed you down cuz they skipped the meat n potatoes of your post and just read the last paragraph...lol. Or didnt really understand the meat n potatoes and understood the last paragraph...lol. I barely, barely understood it...and I dabbled in the stock market last year.

I agree with what you posted....and thanks for the lil lesson.

posted on 07 Nov 2012, 20:01 1

66. Slammer (Posts: 1515; Member since: 03 Jun 2010)


Quik, Don't take it personally.

Truth is sometimes met with scepticism and disapproval when the opinions of those passionate about their products are met with opposition regardless of the factual information.

John B.

posted on 08 Nov 2012, 01:22 1

79. PhenomFaz (Posts: 1236; Member since: 26 Sep 2012)


I give Apple points for changing the tech game way back in 2007 but Apple wasn't the first on the touchscreen scene...it was HTC and even HP had touch devices and so did Ozone!
But yes I give them points for changing the tech game and sadly thats all what I can give them points for....I cant give points to them for being stuck-up arrogant jacka$$e$!
Innovation they brought five years ago....taht was the beginning and end of their innovation and especially after the iphone 4 and ipad 2 their innovation is dead...which was so 2 products ago!

posted on 07 Nov 2012, 15:39 6

23. AnTuTu (Posts: 1580; Member since: 14 Oct 2012)


As I said couple of weeks back "End of an era coming soon" so sit back and relax.

Those who are saying Apple doesn't innovate, I am disagree with that statement why because they did innovate how they can fit 5th row of apps on iPhone 5 :p

posted on 07 Nov 2012, 16:12 2

32. Mxyzptlk (Posts: 14268; Member since: 21 Apr 2012)


I don't think apple asked for your sympathy. They aren't doing bad btw.

posted on 07 Nov 2012, 16:25 18

37. PapaSmurf (Posts: 10457; Member since: 14 May 2012)


Because stock falling 20% and suing everyone for the dumbest reasons doesn't show a sign of them doing bad according to your logic.

Step out of the dream world and enter reality.

posted on 07 Nov 2012, 16:53 2

42. GENERAL-LEVY (banned) (Posts: 23; Member since: 06 Nov 2012)


ROTFLMFAO. HAHAHAHA. "GOD HELP US, AND PRAY AND WISH, THIS ROTTEN APPLE TO GO BANKRUPT."

posted on 07 Nov 2012, 17:35 4

49. gabe92 (Posts: 27; Member since: 25 Oct 2012)


your an idiot@Mxyzptlk

posted on 07 Nov 2012, 23:58

75. johnbftl (Posts: 281; Member since: 09 Jun 2012)


Since they were up over $700 mid September and now closed at $558 today on November 7, yes they are doing really bad. A 21% drop in less than 2 months is cause for alarm for any company. Jeffrey Gundlach from Doubleline Capital is projecting them to fall to $425. That would make it a 40% drop. Just like the .com era, their bubble has burst.

posted on 07 Nov 2012, 17:38

50. _APPLE_ROYALLY_ (banned) (Posts: 4; Member since: 07 Nov 2012)


Don't worry, it'$ only 20% drop, iP5 will repeat history, once yet again™

posted on 07 Nov 2012, 18:33

57. lyndon420 (Posts: 4564; Member since: 11 Jul 2012)


Amen brother...well said.

posted on 07 Nov 2012, 19:25 1

62. zackh121556 (Posts: 101; Member since: 01 Feb 2012)


Soon Apple will need to make Android devices to stay alive lol talk about a bitch slap to the face

posted on 07 Nov 2012, 19:36

65. moroninc (Posts: 193; Member since: 14 Jul 2012)


Republicans.. you dont say? .. wonder if Apple might consider suing Obama for winning the elections.. its far fetched but you'll never know with these clowns.. #Mess

posted on 07 Nov 2012, 20:02 1

67. brandonrana (Posts: 57; Member since: 04 Nov 2012)


Congratulations to apple ,)

posted on 07 Nov 2012, 14:24 2

2. gwhyte01 (Posts: 44; Member since: 09 Jul 2008)


Well it wasn't gonna last forever. There's just too much tech out there for apple to eat so much.

posted on 07 Nov 2012, 16:18

33. Mxyzptlk (Posts: 14268; Member since: 21 Apr 2012)


Stocks fall and drop all the time. Apple is the most valuable company in the world. I don't see the doom and gloom this article is trying to picture.

Want to comment? Please login or register.

Latest stories