I don't understand why PEP management is fighting it. When Conoco Phillips spun off Phillips (PSX) I had wonderful upsurge in profit from the split. Both companies prospered well. PEP supposedly conducted some sort of study and didn't like the results but hasn't shared that information from what I can see.
I don't know what in the hell they are doing in Cupertino. They must be sitting on their hands because the market is not going to wait until Fall for a new product rollout to take place. The stock will continue to decline. Period. End of story.
Because it is the #1 stock of the hedge funds and it is always always in the limelight. Only explanation I can find for so much manipulation! Heavy high frequency trading as hedge funds don't have to comply with the same rules as mutual funds who have to file with SEC their positions.
QCOM went down the crapper today as well. Ironically, this news hit the wire: Investors in Qualcomm, Inc. (QCOM_) saw new options become available this week, for the October 18th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 235 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
EXACTLY WHY I HATE THE OPTIONS MARKET! IT PHUCKS UP BEING LONG!!! LICENSE TO STEAL! A GAME OF THE OPTIONS WRITERS IS ALL!
If Cook doesn't pull something good out of his sleeve, Apple will retreat back to 500 quickly after shareholder meeting. This stock performance is pitiful!
Talks about innovation, where they are going! We are stuck with Mouse Man Cook!!!!
This is the bottomline - end of story
Not on that weak outlook for next Q. Revenue guidance good but that 2 to 4 cent net loss OUCH! I look at it as a possible acquisition by a Priceline. Their accounting seems fishy to me.
No news? Volatility is here to stay it seems.