That's the big issue right now. Stock price rise on earnings is based on results BEATING expectations. If expectations are so irrationally high, then chances are it will only meet or disappoint. Idiots newbie investors clamoring and foaming at the mouth saying this will go up 80 bucks after earnings are so stupid they deserve to lose money.
I am bullish, but the fools and idiots on yahoo and stocktwits are raising major red flags.
Would have been a miss of 10% or so. Without their ramp up for buybacks (40% of buy backs for 2013 done in Q4!) it would have been even worse. They know the levers, and they'll pull each one, even taking on debt to do more buybacks, to meet EPS.
Some serious trouble brewing at IBM.
DOW is falling fast, we should see a gap below 180 on open if this keeps up.
Perhaps they got wind of the lowball offer that IBM is working on with Lenovo for the servers. The rumor is 2.1 billion - when they wanted 4 to 6 billion last year. Seems they are trying to get some cash to cover up the cost of severance for firing thousands of employees.
WHere are these downgrades? Any other company we would have them flowing in hourly based on this fudged quarter. Seems they are too afraid of Buffett to criticize this company, and the financial shenanigans they pull to meet numbers.
Yeah, not to be sexist, but these femme fatales are the death of these companies. Meg Whitman, Carly Fiorona, next will be Marissa Mayer and Rommety.
They get a stepping stone to IBM's enterprise customers. Make no mistake, that will be their ultimate goal.
Lenovo is able to make Lemonade out of Lemons. It would thrive in their hands. Too bad IBM is good at design and innovation, but clueless at business.
Good luck with that. You should have bought puts instead, or sold the calls.
I just can't see smart fund managers wanting to hold a company that has no sight on top line growth, engineering EPS by cost cutting, tax rate manipulation, and buy backs. This EPS at all costs strategy has hurt the company tremendously.
No reason for it to rally - what catalyst other than selling of some hardware units? Going to take a lot of time and money for them to transform into a competitive company again.
Very likely. I'm frankly surprised it isn't lower, given its obvious they are falling way behind the competition.
The real estate value is being eaten up by daily losses which will soon wipe out any value left in this company. Short at will - this has bankruptcy written all over it.
If some unseen event happens that drives the stock north and they can't pin, there will be fireworks as they try to cover by buying shares.
Usually not the case, but it happens now and then.
He is a lunatic - the question remains who hired him for this hit on AAPL.
He is just the messenger, someone else is footing the bill for todays action.
The so called analyst Ronnie Moas says to sell, because its obscene that Apple has $150 billion dollars and they are paying $2 per hour in third world countries.
LOL.. Buy the MF dip on this.