DONT BE LONG IN THE MORNING, AAPL OPENING LOWER & HEADING DOWN AFTER THE OPENING BELL
opening down and heading lower tomorrow morning, long term investors will continue to sell aapl till earnings can prove its a buy, its just too risky to be holding aapl when earnings are announced, any weakness in growth due to competition stealing aapl sales and aapl will fall to 450-400
“According to a report out last week from Toni Sacconaghi, a Bernstein Research analyst,” JP Mangalindan reports for Fortune, “while Apple already has a fervent following, it technically lacks the ‘high customer repurchase intention”‘ associated with brands of this type, like Nike, Louis Vuitton, and Saks.”
Mangalindan reports, “That’s changing quickly. A consumer survey also conducted by Bernstein Research seems to back that up: 95% of current iPhone users in Europe and North America plan on repurchasing an iPhone now, and 85% of iPad customers plan on repurchasing another iPad some time down the line as well. As the hyper-growth company of the last five years, largely propelled by the iPhone and iPad lines, less than 50% of Apple’s actual profits currently come from repeat customers, but given those survey results, the inflection point should arrive some time in 2015.”
The MMs will make all the money while longs holding and wondering WHY? Only if they can look at the charts, follow the information on demand, supplier, and production checks.... All analysts said it would be down, charts said down, momentum said down, competitions said down.... down she goes from 700 to 500 and you longs still imagine it's 700.... just sad, so sad..........