And go up from there.....
He'll probably come back on CNBC and tell everyone he's shorting more, he doesn't believe them, blah blah. You think he'd offer a mea culpa, but no, he's an arrogant short who's wrong yet again.
CBS 60 minutes will recant their story, and Tilson will lose yet again, just like he did with his Netflix short.
Lou...Go long the common as I have.....this is going to be the mother of all short squeezes.....It won't go straight up, and they'll be zigs and zags for sure, but there's money to be made here...
Has he apologized on air yet?
They claimed "source"......sure, the source is Tilson.....
Good post...I guess in that sense AAPL would be analogous to CSCO, another Dow stock. You may recall in 1999-2000 CSCO pre split was growing exponentially. Then, over time the float grew so much, and the router business stabilized. They had an acquisition strategy, but they were never able to continue that growth. Therefore, as you suggest, they rely on dividends and share buybacks to interest investors. As for AAPL, cars and other toys notwithstanding, this may be their fate as well over time.
No need to be defensive.....These same analysts think revenue from the watch may start strong, and then fade into the late summer. It's not like the I-phone, that reinvents itself with a new cycle periodically. As for cars, that's a pipe dream. No one I know buys and holds a stock for over 5 years, waiting to see if a new product will succeed.
They say the growth will slow, and so will the stock. When the market finally corrects, as it inevitably will, AAPL could fall to about $110-$112. Then it will become a buying opportunity. No, I'm not short the stock, so don't bother attacking me. I'm trying to present a logical scenario, based on a consensus of input from various sources.
If management is 100% correct, the stock will soar 10 points tomorrow and Friday. The laminate floors are about 5% of their revenue, so that's a non issue. Wait, did I mention that CBS 60 minutes team is considering recanting their entire story, which was motivated by one short seller?
Hearing some technicians think the stock could even hit $50 at some point in tomorrow's trading.
Short seller Asensio reports CBS was motivated and swayed by Tilson, and their are many inaccuracies in the report.......On a related note, shorts would have to be pretty stupid to stay short going into tomorrow's conference.
This stock is an absolute dream for traders....But clearly it's a gamble either way.....Right now, the Vegas odds would suggest a short squeeze today and tomorrow, followed by a fade of the squeeze on Friday.
On the other hand, in a street "battlefield" stock, anything can happen.