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People are always reluctant about Apple stock--not wanting to push it to new highs when it already has the largest market cap. Hence, low PE for its growth rate.

So yes the market is consolidating as some decide to take profits. And people always worry if Apple will again deliver the expected earnings.

Once earnings come in (usually exceeding expectation) Apple will probably run again. But until then people are cautious.

For the faithful and confident, it can be a buy opportunity.

Apple earnings are due Oct 25.

Execs are in a quiet period while the numbers are collected. So this is the time for freakish worry rumors to fill the media space. There is nothing else to talk about and Apple cannot respond.
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