Looks like apple is buying back shares as cheap as possible, wish they would run it up a bit and flush out all the short sellers.
The press fails to mention that other corporations have been interviewed also and by omission make it seem like Apple is being singled out for criminal activity. Maybe Cook can convince officials to bring home some of the bacon & use it for job creation here in the USA
I saw an article that says apple is experimenting with a 1.5 inch screen on the watch, I put a rule against my casio and it is close to 3/4" but is probably in mm. iwatch should be a quick sale - no fumbling for a device or worrying about forgetting it!! I will keep my casio for windsurfing however.
Makes me wonder if some of the "fund managers" have personal short positions and then dump shares in the funds to make their position worthwhile A really bizarre selloff. .
Man are they getting a good deal on buy backs!! All that hedge fund #$%$ about reducing the size of their apple holdings has already happened right? The drop today just reactionary or a lot of stop loss or gain selling?
I have noticed that when the stock drops the news that gets print is negative - even to the point of republishing old negative news and when the stock goes up positive articles are pulled out of the file cabinets. I think it is a media eyeball grab thing.
David Trainer? As it stands Apples "return on dollar invested" is over 200% MSFT's is 75% and google etc. lower. For some reason he expects Apples metric to drop to 50% ???
I saw this article at The Street, looks like a bunch of people short & trying to protect their position - maybe they get squeezed later? :
"The buyback sure did the trick. Shares of Apple rose more than 10% in late April and still stand above $450.
Yet a slew of short sellers must think the buyback announcement is a cover-up for a suddenly weakening business model. They've hiked the short interest from 20 million shares in mid-April to 41.6 million shares by month's end -- a 107% increase in just two weeks.
To put that in context, Apple's short interest had never exceeded 22 million shares in any prior reporting period. Even as Apple was steadily falling from $700 to $400 over the past three quarters, short sellers never chose to make Apple a big target. Yet now, with shares a lot closer to the 52-week low than the 52-week high, short sellers are actually more emboldened than before."
Looks like someone sold a boatload a couple of times to push the price in the red. maybe someone is desperately shorting the stock?
Good results! Looks like the market likes it. Ameritrade has different quotes on CTL frrom Yahoo after hours, bit of a gap at times. The asking price is above $38 however.
I hope you are right! Anyone read that "whisper number" article on seeking alpha? Where they say some expect 14 cent per share below the ": Analysts expect earnings of $0.69 per share on revenues of $4.51 billion. " . Of course no sources given for the low number.
Someone with a short interest sold some big blocks at 450 to push it down below that level it looks like.