Every time there's been a sizable pullback on this 3 yr. chart AAPL has snapped back and gone higher.
If I were trading short term: based on the chart + today's shakeout of weak holders + AAPL's good fundamentals and Earnings Announcement Record?
I'd be stocking up on Calls right now.
Oh, I remember now. You're the guy "who's never wrong".
I'm sure the Market will humble you eventually.
If not, try golf. That will do it.
Meanwhile, I'll just keep throwing in my 2 cents every now and then, because I enjoy talking with POLITE people about this stuff.
Of course, I'm GROWN-UP enough to realize my opinion + $1.50 may only get one a cup of coffee at Starbucks.... depending on local prices.
Was looking up some numbers ahead of apples report tonight. This is what analysts expect, however everyone knows that apple likes to under promise and over deliver.
This is what apple mentioned back in January for this Aprils earnings report.
âLooking ahead to the second fiscal quarter of 2012, which will span 13 weeks, we expect revenue of about $32.5 billion and we expect diluted earnings per share of about $8.50.â
$32.5 Billion REV and $8.50 EPS hahah
UNDER promise I think they did.
Apple:
Quarterly Results: Analysts polled by Thomson Reuters project Apple will report a fiscal second-quarter profit of $10.02 a share on revenue of $36.7 billion.
iphone predictions are for 33-35 million.
4-4.5 million imacs
and ipads around 12 million.
Many people think apple is going to bounce huge to the upside after the earnings report tonight based on the fact its down over 10% from its highs going into earnings.
If you really want to get in buy only 1/2 a position now and the rest after the close.