Apple Stock Hit by Panic Selling: 'Someone Yelled Fire'
Published: Thursday, 15 Nov 2012 | 2:11 PM ET
By: John Melloy
Executive Producer, Fast Money & Halftime
Forget the "fiscal cliff." The real panic on Wall Street is over Apple's stock.
Nearly every mutual and hedge fund has piled into Apple during its spectacular rise over the past few years. Now, these same funds are scrambling for the exits as the stock goes through an equally spectacular decline.
Apple plunged to a six-month low Thursday as funds rushed to take profits on the stock before it’s too late. Shares are now off 25 percent since late September—shortly after the iPhone 5 launch and a month before the iPad Mini introduction.
More: http://www.cnbc.com/id/49842457
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