Sentiment on apple stock has changed, from extremely negative to modestly positive!
Negative sentiments exhausted as their doomsday predictions went unanswered. Sellers have sold.
There's Seller's remorse as those who sold below 600 started to regret.
Pundits turned from bashers and doubters to bullish pumpers. Doug Kass, Jeff Gunlach, Cramer, to name a few.
Sales going up. Iphone 5 and ipads making inroads to 50 more new countries!
This is good, very bullish.
That's why hedgies and wall street thugs are changing their tunes, look at Cramer, Melissa Lee, Doug Kass. There will be an interview of Tim Cook this Thursday by Brian Williams, CNBC will be airing an hour show about steve Jobs this week. Change in sentiment indeed.
Listen to this: Apple just announced iphone5 and new ipads will be available in 50 new countries this month (December); to name a few; CHINA!, RUSSIA, BRAZIL, KOREA, TAIWAN!
Sales, sales, sales! Investors' Wetdream....... GLTA.
He went to CNBC and stated explicitly that apple has bottomed short term, that it may go up 50 dollars. That's as good as it gets for a Perma-bear like Gunlach. You have to understand his pattern and tendencies.