Want to see one more clue? AH for aapl is shooting back up.
Goog is up because they increased the weighting. Also, look at how much goog is down AH.
Not having enough supply only fuels more demand. The casual consumers who may not have been interested in the phone will take another look and see why all the excitement. The phone must be good if it sold out so quickly.
Those people who wanted to buy 5S suddenly won't decide to buy a galaxy S4(or whatever). They'll wait couple of weeks(if they waited this long, they can wait couple more weeks).
So, in the short term, maybe the stock will drop if the weekend sales number turns out to be low(due to supply constraint). That's a good opportunity to buy the stock because the sales number simply is pushed out the to the 4th quarter(make it larger than it would've been normally).
Just kidding. HAHAHAHAHAHA.
Just have to look at BBRY. That thing was shorted lot more than P and it's now trading at half of what it was earlier this year. So, just because it's shorted a lot, it doesn't mean that's somehow going to keep the price up.
In fact, it's worse than BBRY because at least BBRY has some inherent value in patents, cash holdings, etc. What does P have? Nothing, it can go to $0.
Remember back in Feb, BBRY faithfuls and hopefuls were excited about the new products and enthusiastically drove the price up to $18 even though many people said they were delusional and they didn't face reality....well, it turns out the shorts were right.
Here's the reality, itunes radio is here and it's going to take very significant market share away from P. Also, remember that iRadio is only in the US right now, but it will expand to other countries in the near future for sure.
I think so.
That means it's going up anther 3% tomorrow as long as it's not another down market.
downmarket saved your day.
Melissa Lee must be so #$%$ off today. You can see it, she looks so sad.
Yesterday's pop was a fake rally.
There's no sharp parabolic rise, no big dips, no overbuying or overselling.
Also, AAPL is beating the NASDAQ by 7% over the last one month.
Less 5C means more 5S which is more profitable.
Their CEO going to jail, paying students to bash competitors, etc, etc etc. So many examples which any *UNBIASED* observer will have to admit that this is an *EVIL* company. Yes, I said EVIL. I'm not talking about just immoral business practices(which any big wall street banks probably engage in), i'm talking PURE ILLEGAL stuff.
General public need to be more aware of this stuff.