I invested in Apple (AAPL) awhile back when they originally announced the iPhone. I was lucky enough to purchase some shares at about $90 each. Today, apple was up big, pushing the $170 mark for a majority of the day, then out of nowhere, around 11:30am PST (2:30pm EST) Apple (AAPL) plunged by nearly $10/share.
I’m wondering if there is some insider information that has yet to be released to the public, I’ve never seen such a sharp drop, especially in a stock that has been so hot over the past few months.
On a brighter note, Goldman Sachs has upgraded the stock rating and has increased the price target to $190/share. I wouldn’t be surprised to see Apple (AAPL) surpass the $200 mark by the end of the year. I’m sure they’ve got some new products in the works that they release prior to the holiday season.