The Apple slingshot, revisitedAugust 19, 2013: 12:14 PM ET
Between Jan 11 and August 19, Apple lost and regained $120 billion in market value.
FORTUNE -- Is it time to visit, once again, our favorite Jason Schwarz's quote?
"If you can keep a good stock down then you are able to load up for the ride back up. It's like a slingshot -- the harder you pull, the more propulsion you generate." -- Apple: Seven reasons shorts love it
Perhaps not. We've been wrong before. See our slingshot post from Dec. 6, 2012, when the stock plummeted $37.06 (6.4%) -- its worst one-day drop in four years -- and bounded right back before the close of trading.
What we couldn't know eight months ago was that Apple's share price would fall all the way to $385.10 before it began a recovery that was -- as the chart above shows -- anything but steady.