AAPL: How Apple Can Reclaim Its Mojo - And $700 Share Price

How Apple Can Reclaim Its Mojo - And $700 Share Price
by CorvetteKid

In an earlier column for Seeking Alpha, I wrote what Apple (AAPL) needed to do to get the shares moving back up following a bout of weakness that had seen the stock price fall nearly 25% in a few months. Less than a few weeks later, the S&P 500 and NASDAQ are each up about 4% but Apple has fallen another 5%. The persistent selling has a drip-drip-drip flavor to it, and that vaunted $1,000 level that some commentators, analysts, and investors had hoped for when the stock touched $700 now seems as far away as the pie-in-the-sky price targets given to some Internet stocks in March 2000. I thought that there were certain actions that Apple could take to ease the transition in its shareholder base and move the stock up, or at least brace the decline. Needless to say, CEO Tim Cook and the Apple board didn't take my word.(click to enlarge) read more »

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