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..To get started, firstLogin with Facebook. . ..orchard apple tree Could Fall to $350 But More potential a Bear Trap: Ritholtz
..By Aaron Task
.PostsWebsiteRSS .By Aaron Task | Daily watch 1 hour 27 minutes agone
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Share4Print.....After flirting with the $ergocalciferol level on Monday, Apple shares tumbled 3% on Tuesday to $485.92. That was Apples last-place trade close since February 2012.

Apple is now down over 30% from its September high of $702 and down 9% year-to-date. about nonably, the livestock has diverged from the broader market; the S&P 500 (GSPC) is up more than 3% so far in 2013 and sitting just below a 5-year high.

Apples low has come as a shock to many investors -- sure the sell-side analysts who were talking boldly just a few months ago about $1000 (plus) price targets and $1 trillion market caps. But Apples fall from grace did not surprise Barry Ritholtz, CEO of Fusion IQ and author of The coarse Picture blog.

In late November, Ritholtz, a longtime Apple shareholder and self-described fan boy, told The Daily Ticker the stock could dribble to $500.





Looking back, Apple was over-owned -- notably among hedge funds, where it was a poll 10 holding of 800 funds -- and over-loved, Ritholtz tells me in the accompanying video. slightly of the refusal to even consider the possibility of a correction in Apple is a stark reminder of the dangers of allowing emotions to drive your investment decisions.

Looking forward, the money manager and blogger says Apple could fall to as low as $350 based strictly on good indicators.

But Ritholtz stressed thats an outside possibility and says the stock is setting up as a bear peg down ahead of its earnings next week.

Id sooner not be short here, he says. Im not excited about being long just now theres such risk this thing could...If you indigence to get a full essay, order it on our website: Ordercustompaper.com



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