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Apple is trading at $546.  As recently as April 9, it touched $640.  A year ago, it was $332.  So the stock appreciated 93% from a year ago to its high, and has retreated 15%.  The retreat is making investors nervous because a $94 price drop sounds much worse than a 15% decline on the heels of a 93% run-up.  Why is Apple?s stock gyrating so much?

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