Wednesday, May 19, 2010

Rotten Apples?

The market was rallying into the green, looking rather stout for a change, when AAPL nosedived. After opening down almost 3 bucks to 249.60, AAPL ran to 252.92 and I regretted not hopping on at 250.

But since, AAPL has fallen off the cart and is at 247.41. Is this because of HP's solid earnings report and buyout of Palm?

Whatever the case, AAPL led the Nasdaq down and the market is red again.

Financials, which were in the green, are losing ground and FAZ is rallying back from a low of 14.44 to near 15 flat.

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