... is hard at work to steal your gains of the last six months. I can hardly wait to see the whining when they pull this #$%$ on the current darlings.
... claiming that Apple is now "3rd in China" behind two Chinese companies in phone sales. The leaders are pretty much tied at around 15% market share. Apple's ahare, mix and profitability is unstated. You'll have to wait until the end of the week for the details. Meanwhile, stock market goes berserk, selling off Apple. Why? Well because this has always been the "common knowledge" that eventually Apple would be betrayed by the Chinese who would shift their consumer loyalty to the home grown products. All this is pretty thin stuff on which to be making investment decisions. In my opinion, based on what we do know as fact, AAPL has become a very attractive investment after the 12% discount.
Two weeks ago, Greece was going to unravel the underpinnings of the world economy. Nobody could explain exactly how that would happen, but the FUD served its purpose. Today, we are worried that China's stock market is crashing. Nobody mentions that only an infinitesimal portion of the Chinese population are stockholders. And so it goes. The PIGS of Wall Street are feeding.