I'm a bit concerned about tax selling in December and what will happen if the feds to raise Dec. 16. Guess that's a little fear set. But AAPL has done absolutely nothing for the past 12 months. Same price it was a year ago.
Just think where the price would be if Cook had guided aggressively at earnings! They had blowout numbers for pete's sakes! Cisco did the same thing basically. They had a great quarter but ceo guided considerably below analysts' expectations. Fell hard after the call. Numbers didn't seem to matter. CSCO should be $30+ and AAPL should be $200. Its all in the guidance tho!
Yes but not without a cost. Everytime the stock falls below crucial moving averages it is that much harder to resume the climb up.
Management even raised sales guidance FY2015 on Revlimid to 5.8 bil. This selloff is total horsepuckey.
GILD gets criticized for not doing more M&A and relying to heavily on its own pipeline (which justifiably has served them well) meantime CELG has a slight miss on revenues which they claim is due to acquisition costs in acquiring JUNO. They've actually slightly beat eps on an adjusted basis but the Street focuses on the miss of course! The whole sector gets whalloped as they're all associated in funds and ETF'S. Its a beeeetch but a reality. Upgrades fall to the wayside!