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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Moonray who wrote (170907)	6/15/2014 2:18:17 PM
From: Bill from Wisconsin	3 Recommendations Recommended By Doren HerbVic Moonray Respond to of 213181

I tend to believe that when the broader market stabilizes, that AAPL will resume it's upward march and possibly test 100 (though I'm less certain of the second part). As you correctly pointed out, the selling was on surprisingly low volume. Possibly some profit taking, but more likely just some that were spooked by the mid east news. If Nasdaq sells off 5%- 10% on a real war in the middle east, AAPL will follow. If there is some relative calm and Nasdaq trades on stock news, then AAPL will capture a disproportionate share of investor dollars. Sentiment in AAPL is far more positive than at any time in the past couple years. But ownership of AAPL, both retail and institutional, is far lower than the run to 700. Back then the question was "who doesn't already own AAPL and can/will buy tomorrow?" The answer was nobody. Quite a different situation today. I hear a lot of people wanting a pullback to buy. Some will buy on this pullback. Others will chase after the stock reverses.