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Technology Stocks : Apple Inc.
AAPL 278.28+0.1%Dec 12 9:30 AM EST
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To: i-node who wrote (169954)5/29/2014 11:37:53 PM
From: MGV  Read Replies (1) of 213176
 
If you thought the "precipitous drop in Apple was reasonable" you were not buying shares sub 500. Too bad for you. The drop in Apple was clear evidence that market pricing is not efficient in the short term. A year ago Apple was selling for 388. There isn't much more than perception that has changed. The culture hasn't changed. The product pipeline hasn't changed. The management hasn't changed. The strength of the balance sheet hasn't changed. The culture hasn't changed. The bearish arguments haven't changed.

The precipitous drop in Apple shares was reasonable, as people were concerned about the lack of innovation.
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