AAPL: Stock price heading south in pre-market trading

Apple rode a wave of enthusiasm on its Friday close at an all time high  of $459.68 USD at a rise of $4.56 USD or 1.00 percent.  That Friday enthusiasm seems to be replaced with some serious pessimism this morning as the pre-market price is already off by $1.77 at 8:59am. With no major news over the weekend out side of Apple once again selling 3G products in Germany, there is nothing really weighing on the stock outside of a bit of profit taking.  Look for the stock to rise back to the 458.00 per share range during regular trading.  Any real push through the $460 mark is near but with so many uncertainties in Germany after last week, many investors may wait for more news before jumping back on the band wagon.

Author: A.P.P.L.E.
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