Apple leadership the major factor driving stock down to $300
The CEO is the major driver for the stock to continue to go down. The fundamentals of the company are discounted by this big liability. He is trying to play the Apple old book during these times. He doesn't care about the shareholders . A very unsecured person that doesn't transmit confidence and has degraded the brand. The lack of decision in what to do with the cash,the many fiasco on products issues and a poor handling of the Samsung case had cost investors a third of their value. The board of directors are sleeping at the wheel and make this stock a sell. Apple is now compare to HP and cleaning the management and fixing their problems with the same leaders will take multiple years. This stock will go to low 300's until they replace the management and put stockholder interest in the front of the agenda.
New products can not compensate for the poor governance and management. Shorting the stock is the only way to make money.
I like your comments and have posted the same thoughts. I am long Apple and very frustrated. Just hope Cook realizes their business models have to change given the fact they have competition now. They can still knock it out of the park, but this most likely requires a new CEO because I truly believe that Cook does not know how to manage the business. I also wonder about the Board. They may be just as derilect s Cook.
Only 20 million shares are short...in case they all cover in the same day, which never happens, it may drive the price up a few extra %s. Short interest in Apple is not as large as many of you think. Same in FB.