Facebook, Inc. (FB) Message Board
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This is a perfect setup for tomorrow. We open down about $4-5 bucks to shake out the weak hands, and begin to climb and end the day north of $450.
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No you didn't.
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As usual, stock starts tanking as soon as TC starts talking. Hopefully the institutions will come to the rescue in the coming days/weeks.
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The one guy on Fast Money is visibly angry that Apple is trading up and keeps bashing it...LOL
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Cook will be your HERO next week as he has his "POKER FACE" on and "is NOT Showing his Hand--Yet
by minchie89 •Apr 19, 2013 4:48 PMHe was silent last Q and the stock is down $150 points...I'm afraid to think what might happen this Q. The really sad thing is that they actually beat last Q, but offered terrible guidance. I suspect this Q's guidance may be even worse.
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Can't seem to push through $22.40...two days in a row.
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Hey, only a slight miss on revenue. Can wall street let it slide just once?
by testpilot1003 •Apr 18, 2013 5:17 PMThey missed on revenue last Q too and it popped 50 points the next day and 140 points in two months, but has since given some back
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Is it possible that Apple, behind closed doors, doesn't really have anything great in the pipeline? Tim Cook is incompetent as a CEO...that is obvious. He might be a great supply chain/production guy, but he lacks all the passion and statesmanship to be a great CEO. True geniuses like Jobs can be as arrogant and stand-offish as they want and people will believe in the company. Cook has accomplished nothing. Please don't bring up the fact that the stock is up slightly during his tenure, because that initial pop was off Jobs coattails. Tim Cook has oversaw billions of dollars of lost shareholder wealth, and has brought nothing significant to market. He has zero personality and would not be able to calm investors/WS even if he did speak.
Meanwhile, revenues are flat, margins are eroding rapidly, and Apple is bleeding market share. We keep complaining that the stock is trading at 10x earnings not including cash, but that multiple is based on $40+ per share in earnings in 2013 which is clearly way too high, unless Apple delivers something special which, by all accounts, is not going to happen? Don't get me wrong, I don't believe in the efficient market theory, and I believe even if 2013 earnings come in at $30/share, Apple is still undervalued.
I have been long for a while now and am certainly not going to sell today or at these levels, but I don't know how much more pain I can tolerate.