Apple had record sales in china in december, record 1 billion dollars in app sales in december. China mobile is officially launched and people on china mobile can now buy apple products.
Without China Mobile the stock was sitting at 550... so now with it its 540? what the eff?
Earnings are good, and they will have good guidence. They pushed back the earnings date because that would help them be more accurate with guidence factoring in china mobile. Democo (spelling may be wrong) was just intrudced as a new provider last year. Apple is going to have a bigger phone, bigger tablet.. thats what people want... and they might even intruduce a new product category this year.
I think its entirely possilbe for this stock to go up 50 points on monday day of earnings
I said the same thing to myself last Thursday, before Friday's big CM event. This stock has lost favor and I'm not sure its going to get it back until the next super successful product launch. We will see a muted bounce on earnings then a slew of articles about concerns over earnings growth and profit margins that will slowly eat whatever bounce we get. I don't always trust Cramer, but he got it right. Apple does not get the benefit of doubt like Google does. If you're long, like I am, you don't want to get caught in a market correction because Apple's low beta is an outright lie. Have to admit, though I know this stock should be trading at 600-650 right now, something else other than fundamentals is moving this stock price.
You may have meant STUPID IS AS STUPID DOES..Or my copyrighted phrase of "The IGNORANT can be taught---the STUPID refuse to learn" Thank you See ya' Tuesday, after a very slow economy wastes another work day on Monday
I bought more on Friday as well. Some on margin which I seldom do but I just don't see APPL at a lower price at the end of the month. I expect to make a pretty handsome profit. I definitely thing this could pop to $600 very fast!
usually apple doesnt do what you think its going to do... buying margin on a stock like this is crazy. Im gonna sell everything if aapl ever gets back to 600. I just want out but im not selling at a loss.