“If you can keep a good stock down, then you are able to load up for the ride back up. It’s like a slingshot — the harder you pull, the more propulsion you generate.” —Jason Schwarz, Seven Reasons the Shorts Love Apple
Having given up nearly $40 (17%), Apple is back where it was three and a half months ago.
The steep rise and even steeper fall look great on the iPhone XR’s Stocks app. The green really pops.
My take: I’m told that gaps are being filled, whatever that means. What I know is that Apple will eventually hit bottom and bounce—it always does—having shaken out the weak and over-leveraged. Hang in there if you can.