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AAPL drops more than 5 percent in wide market selloff

It may not have been the only bad news on a bleak Wall Street Tuesday, but Apple's 5.3% stock price drop (closing at 83.93, almost 14 points off of January's high) was certainly noticeable. Investors may have seized on the AppleTV ship delay as a sign of slipping execution for AAPL.

Now get out there tomorrow and buy buy buy! [Disclaimer: I hold positions in Apple and Intel stock, among other equities. :-] Apologies for the use of the Cha-Ching logo, but I honestly couldn't think of a better illustration for a "market correction" than an empty piggy bank.

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Apple Financial

It may not have been the only bad news on a bleak Wall Street Tuesday, but Apple's 5.3% stock price drop (closing at 83.93, almost 14...
 

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Michael Rose

#12: not yet -- but hey, thanks for suggesting that I'm going to get in trouble!

February 28 2007 at 12:34 PM Report abuse rate up rate down Reply
matthew

"Now get out there tomorrow and buy buy buy! "

That probably caught the attention of Weblogs, Inc attorneys.

February 28 2007 at 12:30 PM Report abuse rate up rate down Reply
Christopher L. Williams

@2
Let us not forget that gold/silver does not in fact have any "real" value other than the value that we give to it, just like paper money. It has no intrinsic value as you seem to think.

February 28 2007 at 9:28 AM Report abuse rate up rate down Reply
eric

Tell you those switch ads wont work hahahahaha

February 28 2007 at 9:15 AM Report abuse rate up rate down Reply
Christian

Basically echoing what others have said. At around $80, AAPL is undervalued relative to reasonably expected future projections. There's some good money to be made here by snatching the stock up now. That said, I'd wait at least another day to see if the slide continues.

February 28 2007 at 6:30 AM Report abuse rate up rate down Reply
Brendan Sheehan jnr

Not worth taking note ofm but it is worth buying now because of it. Especially if you plan on buying a lot of it.

February 27 2007 at 11:49 PM Report abuse rate up rate down Reply
John Sibley

Having held AAPL for over 10 years, a 5% drop isn't even worth taking note of.

February 27 2007 at 11:46 PM Report abuse rate up rate down Reply
Martin G.

"I honestly couldn't think of a better illustration for a "market correction" than an empty piggy bank."

A full piggy bank? The selloff means money is going from stock to cash. I guess it makes sense if you interpret it to mean a loss of value, though.

(sorry if this comes off snarky, not my intention)

February 27 2007 at 11:37 PM Report abuse rate up rate down Reply
Kevin

@number 3 and 4, if you're using omniweb, you don't need to do anything extra :)

February 27 2007 at 10:36 PM Report abuse rate up rate down Reply
iamdigitalman

@ number 3, if your using safri, get safariblock and pithhelmet. if your on FF, get adblock plus.

arr.

February 27 2007 at 10:28 PM Report abuse rate up rate down Reply
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