This happens to varying degrees with any new Apple product launch or quarterly earnings. I think what happens is that many ‘analysts’ game the system by over-inflating their expectations so that they can report negatively on Apple, which leads to stock prices decreasing temporarily (and giving those same analysts a temporary discounted price to purchase more of the stock). I can’t find the link, but Jim Cramer talked about this a good bit about 4 years ago.
There’s a whole industry designed around pushing Apple down, reporting negatively on Apple for website web page views, etc. This industry continues because despite their best efforts, Apple long term continues to rise.
I just wish I had gotten in Apple two or three years ago when it was $80. Sigh.
John Davidson | President / Creative Director | Magic Feather Inc.