Is It Safe To Buy Apple Inc. (AAPL) Again?
For two months, from mid-September to mid-November, Apple Inc. (NASDAQ:AAPL) dropped from $700 to about $525 per share- a correction of 25%. The stock was still well up from its levels at the beginning of the year- in early January it was trading a bit above $400- but market watchers feared that the stock would continue down. However, we’ve since seen a rally of about 10% as we close in on the end of the year.
Apple Inc. (NASDAQ:AAPL) had been the most popular stock among the hedge funds and other notable investors tracked in our database of 13F filings for the third quarter of 2012 (see the full rankings), even after the fall in its stock price had begun.