Global Equities' Chowdhry On Apple Flash Crash: 'I Would Not Read Too Much Into It'

Speaking to Benzinga, Global Equities Research Managing Director Trip Chowdhry said he doesn't think there's anything to the sharp decline in the price of Apple Inc.

shares shortly after the open Monday morning. “It's just the first of the month. People adjust their portfolios," according to Chowdhry. The Global Equities director said if there is any weakness in the stock, investors should consider it a buying opportunity. He explained stores like Target Corporation

and Best Buy Co Inc

had a very strong Apple season, and he thinks this will be an “Apple Christmas.”