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Cirrus Logic Inc. Message Board

  • extremeprof extremeprof Sep 25, 2013 11:43 AM Flag

    Why are AAPL/CRUS stalling (actually falling!)? Any real reasons?

    Why are AAPL/CRUS stalling (actually falling!)? The AAPL weekend news and sales news, in general, is great, and still no "rocket" effect?

    Then the Michael Blair SA article today tells that it is time to harvest Apple as it is certainly going to disappoint (he is short). The 9 million sales is a "fake" number and closer to 5.5 m (the rest is just inventory in stores as opposed to customer sales allegedly). Finger print sensor is bad for Apple 5S etc.... China Mobile won't be a big deal as Chinese not happy with 5C, potato peeler look etc!

    The market /MM chronically looking for reasons to keep AAPL/CRUS down?
    So, all the longs here, what do you think? AAPL/CRUS having strong resistance at current levels - why? any thoughts? Any real reasons?

    Sentiment: Strong Buy

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    • lookingtohighergrowth lookingtohighergrowth Sep 25, 2013 11:59 AM Flag

      Apple and Cirrus had a nice "bump" from the weekend sales number. It was a nice surprise, but it wasn't "earth shattering" news. It gave about a 5-10% rise. The market needs to see more to push Apple and Cirrus higher. I mean, Cook mentioned that they would come in at the high end of the forecast range. That's nice, but is it really mindblowing enough to really push the stock say, 15-20%? It's not. Market again is waiting on more news. Cirrus needs a very good report, new customers, etc. to really push this past $25 and on to $30.

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