Bought it yesterday at open to utilize a simple trading strategy, and ... missed 50% profit. Still think it was a good trade. Entered again at 119.
$AAPL currency wars. Big picture, lower yuan = Chinese pay more for apple products. Harder to gain market share but apple ecosystem is bullish
Low 100s, with a bad earnings report or two, 80s. Yuan devaluation just placed a few nails on the iCoffin. God only knows how many 130 bag holders looking to capitalize on last report have not dumped it yet.
$AAPL cooks the books by shifting money to overseas bank to prevent taxation in USA. Little apple will now pay for the debt. And shareholders are victims here.