In the Follow Up Section,Look for a big rebound late next week prior to earnings.IMO we will get to $575 prior to earnings and if they are good and AAPL don't sandbag for the following quarter ,over $600 easily in 12 days. If they raise the dividend which they may with 125 Billion in cash , that they will have after this quarter that will inflate the stock.
Guru, the market is simply not doing the math on Apple. They have been bombarded with one negative piece after another by writers and analysts who know just enough to be dangerous. The stock has discounted No or VERY LOW earnings growth going forward, ignored cash , ignored the probablity of dividend increases,Margins crashing and nothing going on in CHINA. Now if all that happens then we will know that the market was smarter than we are.
The decreasing volumns on the sell offs of late suggest that the selling is drying up. If it pops it will pop hard becuaue of the almost non stop selling for 3 months.
Nice find. Narrative is currently that apples story is over. ER and guidance puts the reality out for everyone to see.
Can't write articles claiming story is over when apples two most recent products are the two most successful products ever.
the heads up to samsungs blowout beat and raise pre-announce was delightful.
"SAMSUNG, WHOSE STOCK we also like, owes its robust fourth quarter not just to its Galaxy S-III smartphone. It sold eight million Galaxy Note II phone-tablet hybrids, which it unwisely calls "phablets." Operating profit was 89% higher than a year earlier."