It's crazy that this stock could go up $12 on a speculative upgrade. I think people have been waiting for ANY reason to buy this stock. Keep dreaming guys.
I remember back when I was a kid they made calculator watches that I thought were cool. I was a kid of course, and the idea of a watch being able to do stuff seemed really cool. Needless to say, I would have never worn one as a teenager or a young adult. I wanted to get laid, and there is no way I would get laid with a calculator watch. As a matter of fact I can't ever recall anyone wearing those things but little kids.
Unlike a phone that sits invisibly in your pocket, watches are about fashion. People spend thousands of dollars on a Rolex to have a little piece of "bling" that compliments their wardrobe. In order to sell someone an iWatch you need to convince them to take the Rolex off and put the iWatch on.
Think deeply about this. Do you really see guys rocking an iWatch to a nightclub? Do your really see many women wearing iWatches when they head out shopping? Do you see anyone holding their watch up to their mouth to make a phone call? It doesn't matter if the iWatch can make calls, send email, surf the internet, change the temperature in my car, start my car, show video of my home, or whatever other feature Apple can come up with. It's just not cool.
I already have a device in my pocket that serves as a computer. Watches are bought for aesthetics... Not to perform tasks. Any product that hinders a guys ability to get laid is pretty much going to be a fail! No guy will be getting laid wearing an iWatch! LoL
Mark this post- I don't need to be an oracle to predict the fate of the iWatch. The only people buying one will be Apple super-geeks and little kids. Stocks of iWatches will remain sitting on shelves unsold as the regular guy and gal continues to use their phone to perform their basic tasks that a mobile device needs to do. You only need one mobile device!
Sentiment: Strong Sell
If I can look at the face of my watch and say hello and Mom appears on my clock face, and we can talk and see one another, this stock will hit $1000.00 in no time! It's coming and my Mother told you so!
You make a lot of good points! I have to agree that those wearing a " Rolex " would be hard pressed to take it off for another watch. Or is it just another watch? I know a lot of old money people and none of them wear a Rolex. If fact, most of those wearing a Rolex are insecure losers trying to impress those around them.
The rest are no class morons. Anyway, it may just be in the numbers. With over a half a Billion people using Apple products everyday of their lives. They may get 10 or 20 Million who will buy one just because of the time frame from the last release of their last product. In any case, the stock isn't moving because of the upcoming watch. It's moving on valuation alone. Forget about the watch!
Sentiment: Strong Buy
You are right on one point, when valuations are this cheap, buyers do look for "ANY" reason to buy a stock, consequently this rush of buyers drives the stock up to more reasonable levels.
It wasn't the iwatch that brought this stock up today, look at the technicals. We have hit a double bottom. Valuations are dirt cheap. Stock could go to $450 in next few trading days easy. I have never liked apple products personally, but at these levels apple is dirt cheap and could explode upward very easy, and for little or no reason. With over $150 billion cash, hard to see this stock going below the $385ish double bottom.