Rotten Apple

Last year, Apple (AAPL) was THE stock to own. Everyone from portfolio managers to grandparents were loading up on the stock as it continued to make new highs week-after-week. Then, in September of 2012, Apple peaked at $702.10 a share and has since begun a descent of epic proportion as people realize that the stock is overvalued and tech continues to get killed. Since September, AAPL has fallen -27.62% to $508.21 and ended up closing today at $509.82 a share. We're looking to buy soon, but only when our signals indicate the time is right; there's a process for everything and you need to stick to it.

 

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