Yep - pump story and then run away. Surprised oil is not falling harder since Russia Opec news was a "flat out lie". Oil heads down tomorrow since their are centuries of bad blood between all this oil pumping nations,
and you know deep down Saudi will never cut to help Iran sell oil at a higher price and Iran will not cut production since they need all the money they can get. Throw in Russia who will exceed any production cuts the first day (cut are implemented) and you know OIL is going down, down, down on all this Bogus talk.
and you know deep in your gut China's crumbling economy, Oil free tall to low $20's and Apple Big "Miss" today is the start of the Long Lost "CORRECTION". Spy hits $178 by end of week then set sights on $150.
and knowing that the company will report several missed quarters due to over production of the iPhone that buyers no long want (short term) at least.
Like one year wait since Apple is now behind the eight ball.
Revenue: $75.9 billion versus $76.6 billion expected.
EPS: Apple beats with $3.28 EPS versus $3.23 expected.
iPhones Sold:74.8 million versus 75 million expected. That number is above last year’s all-time high of 74.5 million.
Mac Shipments: 5.3 million delivered versus expectations of 5.8 million.
iPad Sales: 16.1 million deivered vs estimates of 17.9 million.
Next Quarter Forecasts: Apple’s forecast for the current quarter is $50-53 billion in sales versus estimates of $55.5 billion. That number has been taken down recently due to supply chain companies cutting production.
Time to bail if your long - or lose everything.
and set the stage for a 300 point DOW drop tomorrow.
since I really need to "spin" forward guidance today since the iWatch is a dud and now one in China is buying iPhones. Oh and should I add Apple has not come out with a new product in 5 years other then the bogus watch.
So does Uwti open $1.50 or lower today? China economy in free fall which means less oil demand. Iran willing to give its oil to Asian countries for peanuts increasing the possibility oil will drop below $20 a barrel sometime this year. And don't forget Iraq, Libya and Russia all now pumping to the max to support their frail economies.
Dollar getting strong again just as Iran goes full throttle on oil production. TIMBER
as China says "slow economy means less oil" to burn. And don't look now buy Japan is about to crater since their economy is so dependent on China. Oil sub $25 a barrel by next week.
Saudi Arabia, Iran, Iraq, Libya and Russia all pumping to the MAX. And you know they do anything to protect their market share even if oil drop to mid to low teens.
Yep - but where Oh where is IBM, Exxon and Msft??? Apple will show a profit tomorrow but the big news will be "weak forward guidance". That in turn will send the market down BIG.
so (my hand picked) board doesn't fire me.