Next week would be a disaster for the shorts. aapl will snatch away all your profits you have made shorting the "Jewel in the Crown". Yes "Jewel in the Crown". I bet some of you who are shorting do not even understand the "concept of a PE ratio". In works this way "low PE always buy high PE mostly cut down holdings unless a new development comes the companies way". Frankly if I had a billion dollar and was asked to buy just a handful of companies aapl will definitely be my top pick. And then for your information besides being great products aapl also has a solid balance sheet with approx. $150 billions in cash. So even if you do a math calculation based up cash balance sheet, gross and net revenue and profit aapl is easily worth close to a $1,000 . If my analysis is not correct then I want refund for all the finance courses I took at a top school. Rubbish talking shorts will pay the price next week. MARK MY WORDS!
If you really studied finance at a "top school" then you should have been introduced to the theory that a stock's price is based upon future discounted cash flows. The market is saying that those future cash flows are no longer assured for Apple. As they say "past results are not guarantees of future performance"
Maybe Apple will go up next week and maybe not; it may go up and then resume its downward trend; it depends on expectations, not on the past.