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Something Wrong In Apple City



March 30, 2011 – Comments (0)

Apple Inc. (NASDAQ:AAPL) is weak for the second day in a row. Not only is the lack of strength significant, but add to it a market rally both days and the weakness in Apple is even more glaring. With the markets spiking higher, Apple is trading at $348.89, -2.07 (-0.59%). This is significant for many reasons but mostly because Apple Inc. has been a leader in the market. With the markets now surging back towards the 52 week highs, Apple can barely catch a bid. I wrote about this a week ago and it continues to be dead on. Steve Jobs has left, competitors are closing in and Apple has gotten too big to sustain its amazing growth.

Gareth Soloway

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