Not buying Apple yet
April 18, 2013 By Robert Marcin
I did not purchase apple yet. After reviewing chart, I set a new, lower bottom fishing price target which is $350ish. I expect a disastrous quarter, a massacre if you will, of the stock on its 4th consecutive earnings miss.
When the sell side capitulates with a final estimate #$%$ out, and the stock is described as a value trap, I would be more inclined to purchase. If I miss it at $395, so be it, I am already overweighted in technology.