Well, for a change in uncertain market waters, there’s at least a good explanation why Apple Inc. (NASDAQ:AAPL) shares down-turned yesterday. You can go here and here to see what is going on since it does nobody a lot of good to regurgitate solid work done by other editors and writers.
Still, it doesn’t change the fact that AAPL closed for a daily loss during Wednesday’s trading session after positing eight consecutive daily gains. Eight days of gain are nothing to scoff at, undoubtedly. After posting EPS of about 3 dollars higher than consensus estimates on January 24th, 2012 it’s as if someone set AAPL’s tail on fire and it has been running ever since.
Running like a scalded dog is another adequate, analogous example.
Another notable is that AAPL traded with the most volume yesterday within a solitary, single day over any other day of the past year of trading which shows a genuine freakout moment among AAPL traders. It’s difficult to understand completely why the issue at hand generated such a knee-jerk reaction when on Apple’s bottom line it’s likely an insignificant problem in the short-term. Apple, essentially, sells products as fast as they can get their business partners to manufacture them.
Note the subject title of this article is “Apple Share Run Paused,” because if it’s anything beyond a pause it would be greatly surprising. Not only does AAPL have solid technical strength, it tends to disregard technical factors and do whatever it darn-well pleases part of the time. After investors discovered that Apple can very well exist without Steve Jobs at the helm, it probably makes Apple shares even more impressively attractive than they were with Jobs.