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

18. _Bone_

Posts: 2155; Member since: Oct 29, 2012

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

21. mrllano

Posts: 91; Member since: Aug 20, 2012

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

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.

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: 1043; 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.

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"

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™

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

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.

64. phil2n

Posts: 519; Member since: Apr 30, 2012

this is a very good news

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!"
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