The bashers are all over AAPL and I being a strong bull have also started feeling that the sales are actaully not holding up. Is 500 a really high number to told? Plus the DOW is at an all time high. Certainly no reason to be short but can be equally crazy to be long over the long weekend. I want opinions if I want to buy today?
To me, the press negativity, rampant "rumour mongering" and general option shenanigans all point to the boys playing games. Mostly the press though. This is pure Nazi-like propaganda. I just posted some info from articles on Jan 10 and 13th about how Corning is ramping up Gorilla 3 glass this quarter. Sharp is flirting with bankruptcy and Cook, the supply side guy, sure as hell wasn't going to sit through that one. All of the "supplier cuts" are nothing more than redistribution of contracts and technology improvements. The articles are from Forbes so do a little googling for AAPL - Gorilla Glass - 2013.
Also, I'm looking at some different moving average charts, different time frames, and I keep seeing the potential for some inverse head and shoulder patterns forming off the 705 high and 483 low. If that pans out, the upside is $980 on a timeframe around September 2013. There was a call made when Apple was still in the low $600's, before the move up, that a China Mobile Deal pushes Apple to $920. I would have no qualm in extrapolating the position that Wall Street would have the balls to play this leap game once more.
Damn straight I'm holding. We're closing at 500, maybe a bit below so the options are worthless. Earnings are Wed. Good news will come this weekend to justify buying into earnings. Earnings will be a blow out and the stock will move higher.
There was a "bad" news today regarding the ipad4 and the stock is barely worse than the market. So, I don't think any further bad news is going to bring this down much further. I would hold it in case there's a good news over the next 3 days.