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Apple Inc. Message Board

  • calls_them_as_i_see_them calls_them_as_i_see_them Jan 19, 2013 4:01 PM Flag

    USB Milnovich Says Capitulation Still Needed!

    Milunovich, despite recommending the shares, concedes capitulation may be needed:

    The tone of our many investor discussions has headed south along with the stock price. On a recent marketing trip, the glass was about 65% empty and 35% full. It is possible that further downside is required to make a final bottom: (1) the stock is not oversold with the RSI at 42; (2) short interest-to-float is just 2%, and (3) sell-side opinion, possibly a contrary indicator, still is largely bullish with over 80% of analysts at a Buy.

    Milunovich is modeling $52.4 billion in revenue and $12.77 per share for the December quarter.

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