My new one man investment research firm, Apples Galore, just came out with a research report that suggests that 30 to 35 million iPhones will be sold by China Mobile over 2014. Baron's, I give you permission to reprint my findings.
Me thinks you are closer on your preorder guess. Wedge Partners, a 15 employee firm with 5 analysts founded in 2002, has gotten lots of air time over larger, older. more reputable firms. Barons and others will reprint anything anymore.
They are getting lots of coverage for a very small immature firm, very suspicious. As of March 7, 2013:
Wedge is a fifteen-person boutique based in Denver. Wedge’s research methodology is based primarily on gathering and analyzing channel trends for the technology sector through a network of industry contacts. The firm has 5 research analysts, including founder Kirk Adams.
Wedge is a small firm 11 to 50 employees founded in 2002 that is getting alot of air-time. That senior analyst has worked 3 jobs after his college education since 2002, he's a young thirty something. I suspect this private partnership reasearch firm is a front.
Hell, Obamacare is going to pump more federal aid dollars into the economy.
Technology changes are hard to do. Major changes cost time and money. New systems usually run along side each other for a time. Companies like Ebix have few customer losses because of it. Customers have to really want to change or have to change. Then most employees do not like change anyway and have to learn something new.
Nope, this has nothing to do with tax selling. The 52 week range is 385.10 - 575.14 with the highs being recent. There might be some profit taking to offset other losses but the volume is low. Too few buyers at the moment to offset sellers. That's all there is.
They could make about 150,000 people millionaires, buy back billions in stock, pay out larger dividends, buy large and small companies, develope new and wonderous products, buy small countries, put Samsung out of business, and put a hit on the shorts.
Tax selling? Noboby should have much of a loss this year. Hold overs from last year? Maybe, but I doubt it. If they didn't take their losses earlier, they probably wouldn't at the last couple of days this year. They want to take a profit on AAPL to offset their losses on others? I doubt it when the stock is undervalued in comparison with 99% of the market. They could find something else in their portfolios. This is more stupid supercomputer manipulation. Pure and simple.
Nope Frank, it's going to continue higher but not as much as this year. However, AAPL will do much better than the market average. Emerging Markets should do well in 2014; they haven't for a while and they are cheaper than the US market with PEs closer to 10. I like DGS, small to medium cap with a 3.24% dividend and DEM, large cap with a 3.95% dividend.
So sell if you don't like it and buy some overpriced momentum stock. This stock is not for the weak of hearts; it's for the true value investor.