Simple as that.
Up 37% since July. Peaks and valleys, leading to higher peaks and higher valleys. This is a small valley. Onward and upward. May test 535 before going higher. But up 37% since July. So, it's had a helluva run these past six months. It's not going to go up every single day.
That's for the hint, TC. $60 billion revenue quarter reporting on Jan 27
I do think a recession is coming, but that didn't hurt Apple before...
It's actually good press for investors. lol cheap labor, lots of cash reserves = WELL RUN CORPORATION lol
If AAPL reports revenue of $60 billion, there's no chance it's not a $600 stock. Analysts are doing their best to beat down the stock beforehand. It would be trading at a 11 p/e at current pricing levels if they report $60 billion.
No one knew this until today. Thanks to the group that downgraded AAPL this morning, we now know the truth.
This will be AAPL's big quarter ever. Thus, their biggest earnings report. It will be such a mover. The noise beforehand really doesn't matter.
You had bad news out of China about their economy this week, coupled with concerns over margins for both Samsung and Apple. Then, you had the Wells downgrade.
Both stocks are getting crushed.. In fact, Samsung took it twice as hard as Apple. It is due to concern over profit margins for both companies as wireless carriers begin to get the upper hand. It's a legit concern and one I've had for a while. Margins.
I remember getting killed on my VLO long position a few months back and then it exploded out of no where. Stand firm in your convictions. If you have solid foundation for believing the stock will rise, stick with your long position. If you are unsure, you need to sell. Men will make the money, boys will lose money.