AAPL: Apple Sure Looks Cheap

Apple Sure Looks Cheap
by Calafia Beach Pundit

(click to enlarge)
Apple's decline from it most recent high of $702 to yesterday's close of $486—a decline of 30%—was brutal, but as the chart above (which is plotted using a logarithmic scale for the y-axis) shows, there have been other AAPL selloffs in the past that have been much larger in percentage terms. Long-term AAPL investors have been in this situation before and have suffered much worse, only to be rewarded handsomely in the end. Is this time going to be any different? I doubt it. read more »

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