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Apple Inc. Message Board

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  • gavinsox gavinsox Jan 15, 2013 7:05 PM Flag

    AAPL Trap CNBC

    CNBC is noted for doing this. A bull calling a bottom on this stock is no different than a bear calling for a further decline to 425-430. i am inclined to agree with the bear in this case. Buying now is like trying to catch a falling knife. The stock can go much lower. If another earnings miss or lower guidance you are looking at testing 400. More competition, margin compression, management turnover, supply chain challenges, and an absence of product innovation is why the pps has fallen so dramatically. Best to wait for after earnings to see where the stock resets.

    Sentiment: Strong Sell

93.40-2.70(-2.81%)Jun 24 4:00 PMEDT