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Apple Inc. Message Board

  • call_sprds call_sprds Oct 19, 2012 5:21 PM Flag

    exact same scenario last april before earnings. $90 drop...$63 pop on earningd

    after peaking at $644 in early april, aapl fell to $555 before earnings. this included a $20 drop the friday before. unfortunately, the slide continued on monday, bottoming at $556, and $555 on tues. Earnings beat by $2 and stock shot up $63 from tues low to weds high.

    i am assuming that apple will beat. they guided to $7.50, not saying yet that iphone 5 was coming out before end of quarter. consensus was raised to $8.80 when ip5 was announced. even if numbers on ip5 were not as strong as predicted, iphone total sales will be up probably 10 mil YOY. remember also, ipad 3 didn't start selling until july in china cuz of trademark dispute. look at braeburn group for projected sales breakdown.

    apple did come down after april earnings, but that was headed into typical slow summer period. this quarter will not be slow.

    good luck

    Sentiment: Buy

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