Members of Congress and the Senate are exempted on gains from trading
on inside information.
Your negative outlook seems plausible but you overlooked two things:
1) The massive stock repurchase program by Apple Inc.
2) Apple stock still one of the top holdings by many funds.
Are you currently holding a "short" position in the stock OR holding
put options - a disclosure will at least back up your negative outlook.
Downgrade ignored or overlooked?
GOOG due for at least a 10% correction the next few days.
Last Saturday, I noticed that there were less than 15
customers in the store at the mall.
This week showed an improved traffic, doubling the previous
Any reports elsewhere??
The only question is WHEN and the Feds have already stated
it will be due to a much improved labor force.
Consider the slowdown in QE by end of 2014 and not sooner.
By then, the market could improve another 10%.
Latest "short interest" jumped 107% for AAPL to 41.589 million shares.
This would usually be regarded as "bullish" as more buying to cover,
Others feel otherwise as a general professiona lnegative sentiment
Latest short interest was up 9.81% to 13.225 million.
This would usually be bullish BUT some would think otherwise.
Currently long 1200 shares at an average of $85.08 and looking
to sell half this coming week.
Evening futures firm and indicate a positive start tomorrow.
For whom ever interested, play the trend either up or down,
especially those with puts on Apple Inc. Time value on
stock options is an ongoing negative.
Theoretically the stock's opening price tomorrow is adjusted lower by the
BUT many other factors come into play which will determine tomorrow's
opening price: market's mood in the morning AND supply vs. demand.
Majority of AAPL's products are sold online although
the Apple Store's foot traffic is an indication of Apple's
This quarter's sales will be a real test even on AAPL's
own lowered forecast.
Currently "short" AAPL puts for August 2013 and waiting for a more
favorable earnings report for the second quarter.
Expectations are not high and AAPL has had a better than expected
run in the last 10 days.
Are analysts correct in their continued cuts (weekly) in earnings
estimates for Apple Inc.?
These cuts are worrisome and eventually will lower AAPL's stock price
which have held up mainly due to the buy back programs.
Analysts continually cutting estimates for this year and next,
Not positive at all and glad that AAPL is holding up so well
despite these continuous cuts.
Clearly the stock price was guided towards the 450 mark.
When the stock price was between 451.50 and 453, it was held
in that range for hours regardless of how the market was improving.
The moments the market was tiring, the stock price of AAPL was
lowered methodically towards 450 and that's how it ended.
A real act of illusion.
Tomorrow's Employment Report , if favorable, has been discounted today. Any thing
else will cause a "down" market tomorrow.
Late time sellers today are already discounting a negative tomorrow and will provide an
opportunity to buy below $440.
Assuming your " 2,370 shares" have an average cost of $450, that comes out to a total cost of $1,066,500 and a yield of 2.71%
Are you diversified or your total nest egg is in Apple Inc.??