StockTwits: What's up with Apple's stock?

June 20, 2011: 1:01 PM ET
Apple stock

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NEW YORK (CNNMoney) -- A slide in Apple's stock sparked a StockTwits debate about the fair value of the iPhone and iPad maker's shares.

Shares of Apple (AAPL, Fortune 500), which hit an all-time high of $364.90 in February, have been breaking down for several weeks and are down nearly 10% since the start of the month.

Last week, the stock closed below its 200-day moving average for the first time since April 2009. Shares slipped 2.5% Monday.

Meanwhile, talk about Greece remains all the rage...and not in a good way.

European finance ministers said that Greece won't receive fresh loans until mid-July, keeping investors on edge about the possibility of a Greek default.

Is it the summer of 2008 all over again?

Though the euro and the dollar were little changed Monday, the currencies remained in the spotlight.

The dollar has been gaining a little traction against the European currency and is up more than 3% versus the euro since the start of May.

That's giving StockTwits users plenty to tweet about:

zimmy818: $AAPL Panic but who am I to fight the trend? What tech company has better growth or is cheaper? What company is better run?

g2sharma:$AAPL in some trouble. An excellent trading opportunity is in the works here for those who are patient.

ldrogen: law of large numbers people, no $300B company can grow Revs indefinitely at 50% YOY, multiples have to come down $AAPL

camfrye: What does the market know about $AAPL?...obviously nothing...since$AAPL beats estimates every time. Just need to buy, and buy more on dips

michaeldavidsen: The markets have priced a probable Greece default into #forex rates. They haven't done so for a US default caused by no budget deal. $EURUSD

krifisk: Another day, another lesson learned. Stop while you're ahead - and don't try to fight the govvies if they want to talk up the $EURUSD

johnjhardy: Juncker confidence that Greek parliament "won't say no". This appears to be he kind of thing driving Euro back higher. $EURUSD #forex To top of page

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