It finally happened! Apple sank below 500/share, as I predicted a while back on this blog. I’m not thrilled with it, being a long-term stockholder.
Short term, I think the stock will linger, but there’s too much value for it to go too low too long. Apple is a jittery stock, but the company proves itself again and again. My guess is that after some good quarters and some innovative product introductions, the stock will come roaring back.
Key word: innovative. We’ll see.