Apple Stock Falls Bellow $400

April 18, 2013

Earlier this year I dumped a fair amount of Apple Stock at around $460, that I had bought about a year earlier at $450. So far this move seems justified… Apple looks set to close the day around $390.

Still, there’s a point (maybe around $300?) where the stock looks “cheap” enough that I buy those shares again, at a nice discount. And yeah, I can see it falling lower, as Apple hasn’t announced anything new let alone minor recently, and particularly with earnings set to drop next week – my gut feeling is they will be a re-run of wildly-profitable-on-paper but not-enough-to-satisfy investors, who are increasingly looking for something amazing that more than likely isn’t technologically possible just yet. And so, the stock continues its slide.