1.). Might actually have sales increase in ipods this holiday q with new ipods.
2.). Earnings this Q will be above $10.
3.). Ipad Mini will have same low weight iphone 5 has relative to size which will crush all smaller tablets for holidays.
4.). Other new or improved products to be annoumced on Tues.
5.). US Gvmt upgrading to new iphones - 17676 of them by ICE alone.
6.). Tim Cook is not going to allow repeat of last Oct earnings or two in a row.
7.). Iphone 5 demand is simply huge and best phone available.
8.). Iphone 4 available for free with 2 year contract and still beats any other phone offered for that price plus $450 subsidy paid to Apple on older cheaper tech.
9.). The elephant in the room - whos not going to pile in ahead of January earnings report and possible $20 eps.
10.). Investors in Goog, Msft, INTC are going to pile back in to Apple after huge earnings to associate their MFs with a winner going into the end of the year.
Overhyped and Overvalued...priced for perfection and ANY weakness in earnings will cause a stock drop of $100. Not worth the risk reward in the short term Iphone5 already priced in so only downside risk. No one will buy at these levels in this environment. Time to SHORT it all the way down to its lower trend line (480).
Sentiment: Strong Sell
Few rebuttals....one, apple is so far from overvalued that it's comical to even say. With that said they will never come close to10 bucks in 3q. More like low 8's, high 7's. But, the stock is pricing that already. You might get a quick downdraft to 590ish, but guidance and the holidays should trigger a snap back. I would like to see cook address supply for 4q on the con call. If they can ease that fear, we go much higher.
the 11th reason is: AAPL has been down for 4 consecutive weeks..
In the recent history, AAPL always go up on the fifth week.. and my target is between 645 and 650 by Friday next week....
MMs steal money from call players by driving stock down 100 pts, but when PE drops to 10-12..great opportunity for fund managers to own stock at this level.. Euro crisis will be announced several good news by Monday before markets open in US...
Bloggers keep releasing bogus rumors to scare retail investors, so they can steal cheap shares.. it is time for them to drive it back up.. AAPL won't hold at 600 level very long..