Good move. Those who bought in AH last night and in premarket this morning will do well. Apple will announce several new (game changer) products this year that will push the stock way higher. Question now is will Carl I. buy another 500 million shares today?
And I would sell my shares now since the market is over reacting, Now is when you buy or just hold want you have and see Apple rise higher tomorrow. It might not go back to $550 but certainly $538 to $543
So buy now at $508 and wake up at $536 tomorrow. Not a bad deal
The catalyst is "a beat" late Monday, record iPhone sales, possibly increase in stock buy back, possible new product announcement, big time China Mobil sales coming in March quarterly report and strong rumors of not one but two new iPhones with larger screens. If you can't smell $600 plus you better go to the doctor to have your nose checked out.
and it appears they want to be holding Dust when gold falls through the floor.
as this is not a good sign for GLD longs. If fact its going to be Black Friday for anyone long gold, long gold miners or long GLD. Its going to be ugly tomorrow as gold drop $30 plus dollar and GLD test new 52 week lows.
and if not certainly by Tuesday. As the stock moves higher more investors will flood in and buy. The ramp up in buying volume will stoke more interest in AA and trigger more buying and strong buying recommendations. There are only a few (big) aluminum manufacturers in the world and we all know there day in the "sun" is coming. Question now is will you buy AA while still around $11 a share and enjoy the ride up or sit on your hands and kick yourself for not buying sometime this month?