Originally posted on Fortune Tech: Technology blogs, news and analysis from Fortune Magazine:

Why would a stock like Apple fall 10% just before quarterly earnings are due? 

 

MONDAY 4:00 p.m. UPDATE: Throw another -4.15% on the barbie. One analyst called today’s selloff “panic profit taking.”

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I think it may be time once again to dust off Jason Schwarz’ classic blog post: Apple: Seven Reasons Shorts Love It.

Apple’s (AAPL) shares, in case you missed it, took a drubbing last week, falling $38.77 (6%) in four days — from Tuesday’s all-time intraday high of $644 to Friday’s close at $605.23.

[They fell another 3% in early trading Monday and closed at $580.13, down $25.10 (4.15%) for the day and 9.9% from last week's high.]

To be sure, there was a bit of negative news that could have triggered some selling. The Justice Department’s antitrust division sued Apple and five publishers last Tuesday for alleged collusion in the…

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About heloise8

Meaning of "trough" -- Trough is the bottom of a transverse wave. And generically means a low point or a place to fill. Venus is related to this meaning. Veins are to be filled, and venusian people are loving. The left is more venusian than the right, hence The Trough--where Heloise helps the great and the small. Heloise the politico from Blogcritics.org. Physics preacher, blogger, gardener, beach lover, book lover, writer, author.

Posted on April 16, 2012, in Uncategorized. Bookmark the permalink. Leave a comment.

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