$9.32 earnings with a 42.6% profit marging last year. So just what is the excitement about??? Declining growth and shrinking profit margins - wooow.
You know that it had 600+ bln market cap a year ago, right? But keep shorting genius, it's only $439 right now.
Don't use logic...Apple fans love to be married to their stock and feel like geniuses...and all the funds that own it have to try to keep pumping it. Anyone with a brain realizes that Apple has really lost its cache and it this is going much lower.
They do realize that the earnings number for the company will DECLINE on tomorrow's quote, so the P/E moves higher even if price stayed flat.
perfect shorting opp
who knows, one thing is certain, this will be red tomorrow. anyone buying now will regret it
short it tough guy......watch the socks disolve right off your legs!
Sentiment: Strong Buy