I don't understand why people continue to hold a stock like this when they could get out relatively unscathed because upside is very little but downside is huge imo !
You sound so much like the holders of EMC INTEL CSCO Blackberry etc who made so much money and never know when to get off the train.
One person I know who I told to get out when emc was 120 told me
the sun will blow up before emc goes under 100
I bought EMC at 7 so I am stil ahead after riding it down from 120 to 20..
Nothing Lasts forever and while aapl had many recoveries this time it is so large that I don't think that can happen again unless they make some unbelievable new invention !
93 was the 52 week low in light of all the issues there is no reason it should not test that 52 week low do you disagree ?
1. Apple Iphone is antiquated compared to Android
2. Apple Closed application system is increasingly annoying users as all proprietary software eventually loses to OPEN best of breed applications !
I am not short any stock including aapl.
I do know the signs of distribution if you want to know why I think AAPL is going down:
1. 5.5% LOWER iPhone sales Year over year in Trendsetting US
2. Most of it's growth depending on China where there is a big SLOWDOWN
3. Inventory buildout to China has already occurred ie channels full ~
4. Ipad sales falling pretty fast
5.Apple depends on 1 product for 75% of it;s profits
6. ANDROID OS is gaining traction amongst new adopters and US youth
7. Samsung is now number 1 in Phone sales in US !
8. Android OS users spending more than twice what they did last year
9. Overall smartphone market is saturated
10. Google Play store now has TWICE the downloads of APPLE App store !
You can argue with me but the stock action is the most compelling reason as big money knows what they are doing...
one more thing Many RALLIES of all STOCKS in recent days were to enable the PROS or big money to sell MORE AAPL at HIGHER prices as exuberance floats all boats and brings more money to all stocks but clearly you can see that AAPL relative strenght or price compared to other stocks in the dow is abysmal !!
years but you have to see the signs of DISTRIBUTION that can't be DENIED !
You need to LOCK in your GAINS and not give them back to wall st shills !
You know I am right deep down don;t you ?
If you continue to hold you will lose more and more of the Fantastic gains you made !
Most won't listen to what I am saying hopefully a few will !
sales of 120 billion will reverse to become around 50 billion while amazon 25 billion will become 120 billion !
don't you agree ?
where it was growing rapidly a few years ago.
60's are coming real soon to axp imo I don't see any way out of it.
it is 76.12 this am I will reference this post when it hit's the 60's
has the number 1 position in smartphones and android is selling MUCH more than ios !
and ipad sales are falling huge !
lastly China stock market fell again today despite gov intervensions !
So AAPL sales to China are going to collapse and that was it; was biggest growth area !