Apple 2.0

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Apple zigs as Dow zags

August 31, 2013: 7:22 AM ET

The Dow Jones Industrial Average fell 4.45% in August. Apple shares closed up 7.67%.

Source: AAPLInvestors

Source: AAPLInvestors

FORTUNE -- Apple (AAPL) closed Friday with the stock still down 31% from its all time high of $705.07 set on Sept. 21, 2012, and down 8.65% for the year.

But as noted by Terry Gregory, who collects what he calls "useful stats" at AAPLInvestors.net, the stock has closed in the green five months out of seven this year, and seems to be zigging as the Dow zags.

But fasten your seatbelts. With expectations running high for the special event reportedly scheduled in 10 days, it could be another bumpy September.

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About This Author
Philip Elmer-Dewitt
Philip Elmer-DeWitt
Editor, Apple 2.0, Fortune

Philip Elmer-DeWitt has been following Apple since 1982, first for Time Magazine, and now on the Web for Fortune.com.

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