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

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...
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75 Comments

74. Giggity

Posts: 147; Member since: Nov 17, 2011

Pretty sure Isaac Newton was tossing an apple when he came up with the popular saying: "What goes up, must come down!"

64. phil2n

Posts: 519; Member since: Apr 30, 2012

this is a very good news

60. Friendlysky

Posts: 54; Member since: Jul 04, 2012

The day is coming for apple as I said before, if you continuing to harrasment others and conusmer will think what apple trying to do. Like back in 70-80 GM they laugh to Japanese automobile like Toyota and Honda. Now you see who has the high market share? The reason is that apple was so dominate on the first couple year because some thing got to do with Americand image name influence. That is why they trying out eventually the truth will come out.

48. gallitoking

Posts: 4721; Member since: May 17, 2011

Wow the ignorance of people claiming the end for Apple.. but if that makes their day.. props to them

39. jmoita2

Posts: 930; Member since: Dec 23, 2011

RIM... Say hi to Apple. He will be soon moving into the neighborhood... lol

53. _APPLE_ROYALLY_

Posts: 4; Member since: Nov 07, 2012

You forgot Nokia aswell™

35. wizzardtech

Posts: 59; Member since: Mar 12, 2012

this is it guys, BRACE YOURSELF FOR IMPACT. Finally, people are waking up and opening there eyes. " Nothin stays forever"

31. sudbury78

Posts: 136; Member since: Jul 12, 2012

Instead of you uneducated people that wish a certain company to die, which will NEVER happen, maybe you should educate yourself or better yet, buy shares at this stage. A tech stock like this in bear territory screams buy me. Just remembered, only business savvy people know how to read the market and buy apple.

41. MartyK

Posts: 1045; Member since: Apr 11, 2012

History is litter with a lot of tech companies ( and some fool and their money) who refuse to read the writing on the wall. When a tech company STOPS moving and reinventing itself, it dies a slow and deadly death. This happen to a lot of companies in the past; including to MAC ( until Billy & MS save them). Apple did NOT learn a thing from their earlier brush with death.

45. Aeires unregistered

Normally I don't feed trolls but I'll break tradition this time because it's too good to pass up The tech world is lined with "never" statements that were proven to be false as time went by. The Android road has so many iFan "never" statements that didn't hold up, I've lost count of them. Fans of arrogant companies always preach the absolutes the most. Comments with "never" statements just go to show how out of touch people are to reality and history. Any company can fail, even Apple.

71. Slammer

Posts: 1515; Member since: Jun 03, 2010

I don't believe your logic would be recognized by Eastman Kodak. The image giant is almost gone. Having been born, raised and living 2.1 miles from its corporate office, many of my family and friends would beg to differ with you as well. All have lost their jobs and the film tech giant is in court for bankruptcy. All because they let their pompus, arrogant thought process blindside reality. Never underestimate the quote of "Pride comes before the fall". John B.

27. Hemlocke unregistered

It's funny watching people laugh and cheer without any comprehension of what is happening. This is temporary. Go check Apple's P/E versus Google or Microsoft, or their cash flow ratios. This is a trough, and a relatively minor one. Apple is one of the healthiest technology stocks you can buy, and anyone who bets short on them is going to regret it in 6 months.

28. VZWuser76

Posts: 4974; Member since: Mar 04, 2010

So what you're saying is Apple is the stock market version of perpetual motion. Nothing and no one can be the greatest forever, that's reality. When Apple talks about being "magical", they don't ACTUALLY mean it came from magic. Companies peak and fall all of the time. So do civilizations, nothing lasts forever.

21. mrllano

Posts: 91; Member since: Aug 20, 2012

I wonder who's going to help them this time.. Maybe no one?

18. _Bone_

Posts: 2155; Member since: Oct 29, 2012

Is the $368M patent suit even true? Why no geek & nationwide coverage?

15. Mr.Mr.Upgrade

Posts: 474; Member since: Aug 30, 2011

It tell us the consumers..are looking for the best affordable deal......

14. jmoita2

Posts: 930; Member since: Dec 23, 2011

LMFAO!!! I just love to watch the beginning of the end for Apple with a tub of popcorn... Must I say..."Just as I predicted"?

13. The_Innovation

Posts: 649; Member since: Jul 18, 2012

So Luke finally fired the missile into the hole of the Death Star.

11. cretinick

Posts: 148; Member since: Jan 25, 2011

I'm not an Apple fan. If I could I would buy all the Nexus line in November 13th. But... It's a good moment to buy and wait until the next year iPhone and the New iPad Mini. Apple still stay for a long time. They don't sell only tablets and Phones... They have very good and, well made, PCs and Laptops too... iTunes and app store...

19. ahomad

Posts: 175; Member since: May 15, 2012

but they got to their highest, I am sure they will just go down and won't go back up. I am not saying they are going to die, but they will go down until they reach a balance (probably 510) then starts fluctuating.

22. Zero0

Posts: 592; Member since: Jul 05, 2012

Sounds about right. Their market capitalization a while ago was just unrealistic. $625 billion, I believe it was. That's basically Google, Microsoft, and Intel combined, maybe with room for a relatively tech company in there (AMD, ARM, NVIDIA, or something of that nature). If you wish, swap Amazon in for Intel.

10. webOSlove unregistered

Hello Apple, meet karma.

8. hobble

Posts: 130; Member since: Oct 11, 2011

My buddy has about 3k shares of apple. I told him to sell...

7. messiah

Posts: 438; Member since: Feb 19, 2010

Sell now. It only makes sense. Get your five hundred per rather than wait like RIM shareholders and get seven bucks per. It can only go down and will never go back up. Not with competition courts, human rights.

9. networkdood

Posts: 6330; Member since: Mar 31, 2010

so, trade in your apple stock for RIM stock?

36. MartyK

Posts: 1045; Member since: Apr 11, 2012

In a few months you won't be able to tell the difference between the two....hahahaha

6. Aeires unregistered

Nothing that a pack of lawyers can't fix. Oh, wait.

5. gallitoking

Posts: 4721; Member since: May 17, 2011

is not how many times it falls but how many times it can recover

25. AnTuTu

Posts: 1625; Member since: Oct 14, 2012

Awwwwwwww don't cry mate no one can stop this now :) lolzzzzzzz

30. Droiddoes unregistered

"It is not how many times it falls, but how many times it can recover." THAT is how that sentence should have looked. All you were missing was a capital "i", a comma, and a period or even an exclamation point would've been appropriate. You are getting closer and closer to making a real sentence every day, come on man I KNOW you can do it!
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