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

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

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, 15:14 1

15. Mr.Mr.Upgrade (Posts: 474; Member since: 30 Aug 2011)

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

posted on 07 Nov 2012, 15:24

18. _Bone_ (Posts: 2155; Member since: 29 Oct 2012)

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

posted on 07 Nov 2012, 15:37

21. mrllano (Posts: 91; Member since: 20 Aug 2012)

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

posted on 07 Nov 2012, 15:52 1

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.

posted on 07 Nov 2012, 15:57 4

28. VZWuser76 (Posts: 4786; Member since: 04 Mar 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.

posted on 07 Nov 2012, 16:09

31. sudbury78 (Posts: 136; Member since: 12 Jul 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.

posted on 07 Nov 2012, 16:43 2

41. MartyK (Posts: 950; Member since: 11 Apr 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.

posted on 07 Nov 2012, 17:19 4

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.

posted on 07 Nov 2012, 21:05 3

71. Slammer (Posts: 1515; Member since: 03 Jun 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.

posted on 07 Nov 2012, 16:23 1

35. wizzardtech (Posts: 59; Member since: 12 Mar 2012)

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

posted on 07 Nov 2012, 16:36 2

39. jmoita2 (Posts: 930; Member since: 23 Dec 2011)

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

posted on 07 Nov 2012, 18:07 1

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

You forgot Nokia aswell™

posted on 07 Nov 2012, 17:21

48. gallitoking (Posts: 4721; Member since: 17 May 2011)

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

posted on 07 Nov 2012, 18:42 2

59. lyndon420 (Posts: 5021; Member since: 11 Jul 2012)

No one is really claiming anything....just hoping.

posted on 07 Nov 2012, 19:27

63. gallitoking (Posts: 4721; Member since: 17 May 2011)

riiight. we have comments that stated that have predicted Apple fails.. and it will happen one day. but to say that they predicted is like predicting that it will rain one day in AZ .. childish if you ask me.. but anything to save the embarrasment.

posted on 07 Nov 2012, 20:06 1

68. lyndon420 (Posts: 5021; Member since: 11 Jul 2012)

In your opinion, is apple hurting their reputation with all these lawsuits? Rectangles with rounded corners, now a stylus? Don't you find it even a little absurd yet? Investors see this, and if I was to invest in a company it better be going towards making good products and not constant courtroom drama over BS.

posted on 08 Nov 2012, 01:03

78. gallitoking (Posts: 4721; Member since: 17 May 2011)

I dont mix their lawsuits with their products, I buy products I like whatever they do is none of my business.. you think I care from were my meat buy at the supermarket come from or if the cow suffered?...

posted on 09 Nov 2012, 16:39

82. Droiddoes (unregistered)

".. you think I care from were my meat buy at the supermarket come from or if the cow suffered?..."

...what?! While I am fluent in moron, I'm having trouble deciphering this. I think it's saying it doesn't care where the cows shop for meat as long as they do not suffer? Iunno.

posted on 07 Nov 2012, 18:46

60. Friendlysky (Posts: 54; Member since: 04 Jul 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.

posted on 07 Nov 2012, 19:28 1

64. phil2n (Posts: 487; Member since: 30 Apr 2012)

this is a very good news

posted on 07 Nov 2012, 22:03 3

74. Giggity (Posts: 147; Member since: 17 Nov 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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