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Apple Inc. Message Board

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  • dutchboyinvestor dutchboyinvestor Oct 9, 2008 2:38 AM Flag

    Shot over the Bow

    Obviously consumer softness is more than priced in with the 50% drop in shares over the past 3 months. Irrational pessimism can be as just as powerful if not more that irrational exuberance. Global depression talk has pushed many to the sidelines. As fear of total financial system collapse wains folks will open their eyes and see what's out their and aapl will get in the way of some of those dollars coming back into equities.
    I think GE will actually kick off the shortism term rally. I'm not delusional and think we're going to 180 but once 120 is tested then probably settle in the 130s for the balance of the year.
    I guess your taking out a short position but I would be very careful at this level. Look at the action today.

106.82-1.69(-1.58%)Aug 29 4:00 PMEDT