Thursday December 06, 2012

Apple Stock May Fall Another 20%

Holy cow! It's funny how having the worse one-day loss in four years can trigger a panic like this. eek!

Extraordinary volume during the stock's plunge this fall signals another 20 percent decline is still ahead, a top chart analyst on Wall Street says. Apple is already down more than 20 percent from its high reached at the end of September. The selling has accelerated again this week. However, the shares are still up 35 percent on the year.