Anyone know the biggest decline in share price Apple has every experienced in one trading day? Looks like we could drop $35 to $45 today (easy), since Apple is out of bullets and down grades are starting to roll in.
China Mobile is months off from completing LTE network. If a deal happens could be mid-2014. Chinese move slow and CM seems in no hurry to finish LTE build out this year, or even early next year. WSJ really did a job on Apple investors saying last week CM deal is near, when at best is six months off.
You have to be crazy going long GLD with a rising market, Syria no longer front page news and the FED about to tighten next week. Gold is heading SOUTH and the only question now is will GLD hold above $115 or $110 come the end of next week?
It appears that Apple will not be announcing a partnership with China Mobile in the near future. China Mobile is not far enough along in its LTE deployment to use iPhones. There will now be a major ratcheting down in analyst’s estimates of new iPhone sales, due to not having a China Mobile deal which will pressure the stock.
In other words (BEST TO SEE IN PRE MARKET) before the stock starts to pick up speed on the down side.
Tomorrow could be a blood bath for Apple longs, if its true that China Mobile has no intention of doing a deal with Apple or if so will only willing to do it in 2014.
thecomforter1919 - Last I checked this board was designed to discuss the rise and fall of gold. It was not made for third graders who have nothing better to do then post pure rubbish here. Oh I'm sorry forgot your still in second grade and working hard on your ABC. Gold is going to fall going forward unless you think no war with Syria is good for gold.
OK buys - but are we on the same page that since Obama handled things wrong or Putin is now in control that Gold sells off for the foreseeable future. Congress will not vote (some say permanently) on weather to attack Syria or not, so U.S. is in big time stalemate.
Bottom line - GLD heads down as Syria become a chess game versus a bombing game
and the majority of my profit got wiped out. How many got taken out today when Apple hit $489 and how many will be taken out tomorrow when the stock drops further. Cook should of remained a VP at Apple and never been promoted to CEO. Furthermore when the CEO of a high tech company is over 50 years old and has a zillion shares of Apple stock, it a lousy combination when trying to turn around a company with a dropping share price. Cook is over paid, over stocked and over the hills and should follow Ballmer's step and retire before he is thrown out. This guy offers zero excitement and zero future guidance to get Apple investors excited about future products. Furthermore, he falls flat on his face every time he present. Looks like Apple treads back down below $440 before next earnings report comes out in October.
What an awful day for Apple longs.
I mean the Fed has pretty much said its going to tighten and we know the dollar is going to strengthen going forward. Plus Gold is ow out of favor is many countries and 1/3 of Europe might have to sell gold holdings to stay above water. Gold had its long run (up) but now its headed for a major correction.
Just the facts folks.
I mean - talk about a 13% haircut and we still have another 90 minutes before market close. Now thinking we might hit $485 today and open $470 tomorrow.
Agree - the Fear factor is gone now in the Middle East and the Fed is front and center to slow and eventually shut down QE. GLD open under $130 tomorrow and could hit $115 by Friday
but we really know these are "shorts" posting garbage since they are losing so many fingers and toes.
She is "Red" now in AH but look out tomorrow.. Obama and US just escaped war with Syria all thanks to Kerry. No reason to long Gold with Syria out of the Picture, the dollar strengthening and the Fed to stop printing play money. Timber
Both are going to be great days for the stock and the company, but I actually think Apple (percentage wise) will move higher on Wednesday after China Mobil news breaks. Thinking we could jump 4% tomorrow but see 6% on Wednesday. Less then 16 hours before showtime and BOOM we are off to the races.
even Russia supports it. Gold craters tomorrow and when the Fed tapers next week GLD heads for sub $100. It coming sooner then you think gold bugs.
as "shorts" scream out in major pain. Monday Apple stock jump on anticipation of September 10th event and China Mobile deal on Wednesday. Tuesday "Cook" goes Show Time at 10 am (PT) and whips Apple investors into a furry with news iPhones and new upcoming products. Wednesday we get China Mobile deal done and Apple stock ramps higher. You could also throw in DoCoMo - Apple deal Wednesday which is "big time" incing on the cake and possible news Then you have improvements to software inside its Web TV box and rumored payments service that ties in with the fingerprint sensor.
All in all its going to be a Great Week for Apple and it increasing share price.
As in Apple shocks the high tech world with it upcoming products and Apple shares fly through the roof?
All I know is Apple will ramp higher Monday but could explode higher Tuesday and beyond. Come Tuesday afternoon folks might be asking who Steve Jobs was, while bending down to kiss Mr. Cook's feet.