John123
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John123 in Gainers & Losers,

Apple had the worst 2-day drop since April

Shares of Apple (AAPL) dropped 2.26% to $103.13, the lowest close since late July and worst 2-day loss since April

AAPL down about 4.8% in past 2 sessions. YTD, AAPL is down 2% vs S&P 500's 4.5% gain.

Wednesday's iPhone 7 launch has done little to reduce worries about AAPL's declining smartphone sales. Actually, it was a total failure. They only added one more color and removed standard audio jack. The last one is very questionable innovation.

 In a break from prev practice, AAPL said on Thursday it would not disclose first-weekend sales of the new iPhones. A bad omen, imho. Probably sales are worse then they expected.

I will be looking for opportunities to go short the stock.