Apple opens at -47%
Worse than that you could not imagine it went. At the opening of Wall Street, Apple's quotes are even worse than yesterday's already bad result in the after hour, marking a very heavy -47.45% with very high trading volumes: more than 13 million pieces in half an hour of trading. since the troubles never come alone, there is also the lowering of the rating by many analysis companies. PsineWebber passes AAPL from Attractive to Neutral, Solomon Brothers from Buy to Neutral, Merrly Linch from Near Term Accumulate to Near Term Neutral and SG Cowen from Strong Buy to Buy. Predictably before the end of the day, Apple's shares will have recovered to these lows, but they will hardly be able to cancel a liability that will, however, be very heavy.