AAPL's wild ride continues. With all the uncertainty in the market, everyone (except me) is pulling their money out of the market. Today, AAPL dropped below $120. This is not just about the greater market, however. Investors didn't like the downgrades to AAPL by RBC and (the beleaguered) Morgan Stanley, to $140 and $115 (ouch) respectively.
AAPL is currently down over $10, trading at $117 and change.
[Update 2008-09-29]
As of a few minutes ago, AAPL hit $109. Impressive drop, especially considering that the rest of the tech sector seems to be holding on with only mild drops.
[Update 2008-09-29]
After Congress rejected the bailout bill, AAPL briefly touched the $100 (plus change) level today, and closed just over $105, down nearly 18%. Maybe it's time to buy again soon. Or not.
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