AAPL Slaughtered

Apple reported a first-quarter profit that rose 58% from a year ago, but the company gave an earnings outlook that fell short of Wall Street analysts' forecasts. I don't know how reasonable those forecasts were, but the stock got slaughtered. They dropped 11% in after hours trading yesterday, and as of 11:45 this morning are down 16% at $130.60. They are now down an amazing 35.7% from their high of $202.96 just a few weeks ago. I really wish I had shorted them as I suggested at that time. I guess I am just too much of a chickenshit to play the market.