Archive for January 26th, 2008

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Apple Stock Avalanche

January 26, 2008

After enduring the avalanche that has been Apple’s stock price over the past two weeks, I’ve been wondering if the investors heard the same announcements I did. It didn’t help that Steve Jobs spooked everyone by giving a less-than-stellar forecast for the upcoming quarter.

This means the AAPL is on sale! I’m guessing that we’ll see the stock price hit 200 again by June. It will recover as investors realize that the new MacBook Air is the best in its class and that iTunes Movie Rentals will result in big bucks for Apple over the next quarter.