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Apple Inc. Message Board

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  • thenewsafehaven thenewsafehaven Oct 12, 2007 8:16 AM Flag

    Idiot of the year = Adami of Fast Money

    I'm calling the bottom in AAPL is $153 which was hit yesterday and will be retested. I'm also calling a bottom on Adami...his next 8 picks will be wrong.

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    • My guess is that someone on Wall Street will do whatever they can to drive the stock down in the next 4-6 weeks. Last quarter AAPL reported $.92, the earning are up 10% this quarter. The stock hit $151 and then traded back to $112 in the sell off of August.

      My guess is that they will try to push AAPL back down by 15% or roughly to $160 before they run it to $200+.

      Buying in the AH is not a good idea. If you want the stock, enter a GTC limit order and let it come in. If you miss it, oh well. I sold before the earnings because I don't trust this market. I had 40k profit and I wasn't giving a dime of it back.

      Apple had a fantastic quarter and they should do even better this quarter. Wait for weakness to buy more, I'm sure we will get to hear the sub prime or credit crisis bullshit a few more times this year.

      Take a little off the table, spend some on yourself, you deserve it. This is a hard won battle and you should enjoy the fruits of your labor.

      Congrats to everyone.

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