CNBC really trashed heck out of Apple. Holy cow. Said margin compression and slowing sales will tank stock. Compared to MSFT and others from dotbomb era. This is going to get bloody.
Now everyone is praying for 550. My how things have changed!
Rabid longs on this board only see what they want to see and hear what they want to hear. They live in a distorted reality. You cannot carry on a logical discussion. All they want to see are posts that Apple is going to gap up 50 pts tomorrow.
I mean with all the problems that have surfaced. Supply issues, quality problems, mapgate, Siri, management shake ups, no new products, stock tanking etc. The book by a former employee says that he is not tech savvy, not a good people person, keeps to himself, likes to tinker w spreadsheets. Just wondering.
I don't look to CNBC for advice. I know how they affect the herd. Herd will stampede to exits tomorrow. Every Ma and Pa that's left will try to get out.
Longs still living in distorted reality. Walmart price cut not a good thing no matter how you try to spin it. Friday's drop after the news confirms that.
All these delusional posts about AAPL going up are just too much. Market is veiled in uncertainty, is facing highest tax increases in history, and is on the verge of an epic crash. You think any stock will be going up?
No new news? really? How about lack of innovation, no OMG products, increasing loss of market share to all things Android, loss of cool factor with teen crowd, supply channel issues, internal issues, margin issues, quality issues etc etc etc
The media took Apple from darling of Wall Street and consumers, and in short order, made it into one of the most hated, out of touch, uncool companies on earth. How did they do it? Two words...America hypnotized. Think about it. Commercials hypnotize us every day. Most think people in commercials are real and not paid actors. 99.9% are actors. The average IQ in America is about 80 to 100, so people tend to believe anything they are told. If you think we are told the truth about anything, you better think again. Bottom line, Apple didn't wreck Apple, the media wrecked Apple. Can Apple overcome the continuing onslaught? It remains to be seen.
Talk about an accident waiting to happen. lol
Check out the Apple forums. Its a real mess. Phones are overheating and batteries are dying. Apple is getting really sloppy.
No it was up only on that rumor. That's why it faded at the end of the day.
You know they are not going to come to an agreement any time soon. Even if they do, Markets are not going to like the tax increases. So as the Markets go, so goes Apple. Apple now follows, it no longer leads.
I agree that earnings should be a blowout, however since Market is forward looking, won't it discount the fact that it will be very hard if not impossible to beat those numbers going forward. One whiff of slowing growth and stock price plummets. There is no new catalyst to maintain or propel pps. Don't forget that Apple is not treated the same way Amazon or Google are treated.
If Apple totally blows out earnings in January, Market is fretting how that growth will be sustained with no new catalysts. It's simple as that.