AAPL: Buying the Dips!
- Thread starter cactiman
- Start date
What is the reason for the trading halt? Many stocks dropped a lot after earnings with zero halt? Some one was saying PPT is holding it up. It make sense because they need some time to set up shop knowing how important AAPL is to the market. Similar price action is happening with AMZN, another giant.
ya, both amzn and aapl should be down huge right now, and were initially but both traded back to their EOD closes..serious manipulation going on here.
Its funny how everyone is talking up the earnings as Im sure with AAPL being the #1 hedge fund and investor owned stock they are probably long it.
They keep saying oh it was at 700 so its overdone to the downside at 600 here... but are they forgetting it was at 300 at the beginning of the year? Is it gonna go back to 700 in a straight line now that the earnings miss and lowered guidance is out of the way?
They keep saying oh it was at 700 so its overdone to the downside at 600 here... but are they forgetting it was at 300 at the beginning of the year? Is it gonna go back to 700 in a straight line now that the earnings miss and lowered guidance is out of the way?
yea both stocks report some bad earnings and are barely off a few bucks, both should easily be down 10% on these earnings...maybe they arent being priced in tonight, but will be in the next few weeks or so. I wouldnt be surprised to see AMZN down below $175 and AAPL trading below $550!
the run from 705 to 610 was from a stale iphone5 and terrible ipad mini pricing, nothing to do with earnings.
Live quotes say it initially bounced off 585, and is now staying above 600.
Looks OK to me so far. Whew!
Though after hours trading can be all over the place, and not necessarily show where it will open tomorrow.
But it looks like "Sideways" takes the cake for now.
IMO:
New AAPL products will sell like hot cakes over the holidays, and the share price will rise in anticipation of the next Earnings Announcement.
Go Long!!
The Trend Is Still Your Friend!!
