I find it interesting that almost every broker and analyst that appears on CNBC say Apple is a great opportunity down here and they are buying but yet the selling continues.
Something tells me they are saying one thing and doing the exact opposite. Selling is coming from somewhere and with the price of the shares being over $500.00 its not retail pressure that pushing this lower, its hedge funds and other institutions. If you look at todays volume of 28.12 million shares and multiply that by $525.00 you get a dollar value of stock traded which is 14.76 billion. Its not little fish that is moving around that kind of money, its big fish with deep pockets who are dumping and have been for quite some time now. if you believe that big money is smart money they must be leaving Apple for a reason.