This is why I sold my apple stocks and bought more NOK and CLWR
Originally posted on The Buzz - Investment and Stock Market News:
Just when you thought it was safe to wade back into Apple (AAPL) stock again … boom! You’re attacked by bears!
Shares of Apple fell more than 6% Wednesday, pushing the stock back into official bear market territory. Apple is now down nearly 24% from its all-time high. Trading at just below $540, shares have pulled back sharply in the past two days. As recently as Monday, it looked like the worst might be over for Apple. The stock hit an intra-day high of $594.59 and appeared to be heading back towards $600 — a price it hasn’t traded above since November 1.
So what happened today? There isn’t any hard news just yet … but there is a lot of chatter about firms raising margin requirements on Apple stock. If true, that could partly explain the wave of selling. And traders on StockTwits were quick to dive into what…
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