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Thursday, November 8, 2012

Bear Is Hungry and Ready To Eat AAPL


After a rally of nearly 800% from its January 2009 lows, shares of Apple (AAPL) are on pace to finish the day down 20% from their all-time closing high of 702.10 back in September.  Over the last ten years, this would only be the tenth time that the stock has experienced a decline of 20% or more without rallying 20% in between.  As shown in the table below, based on the last ten years of data (not including current decline), shares of AAPL have averaged a total decline of 30.29% over a period of 81 calendar days.  In terms of the stock's current price that would translate to a low of $489.40 around December 8th.

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