Quote:
Originally Posted by innerSpaceman
Of course, Apple stock took quite a dive when the price cuts were announced. Job's assertions that it was a Christmas Marketing Strategy fell on deaf Wall Street ears.
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After a strong surge on Apple Stock over the last few weeks, there was relatively small adjustment over the last two days.
Aug. 16 close: $117.05
Sept. 4 close: $144.16 (a net gain of $27.11 or 23.2%)
Sept. 5 close: $136.76
Sept. 5 close: $135.01
Yep - Wall Street really doesn't like Apple