Remember a few days ago when I posted this …. essentially reminding you of the piece from November – when Joe Springer at Seeking Alpha explained the massive drop that AAPL was going through at the time – and would continue to do so – until Friday, just past. He forecast a drop to $500. The stock closed at – wait for it – $500.
Then we had the weekend.
Then We had MLK day – so TODAY is the first full day of buying after that deadline.
Today is January the 22nd.
Today APPL closed at 504.77 4.77(0.95%)
After Hours (at time of writing) it has climbed to 508.05 up an additional 3.28 (0.65%)
Meanwhile – tomorrow sees their earnings call, which I am predicting will blow away the nay sayers – and then we are off to the races – again!
[UPDATE 1 : and of course AAPL delivered results that bettered their own guidance – though did not quite hit what the ‘pros’ predicted – and after hours trading saw AAPL dive 10% overnight and continues to fall today – so far down 12.5%. Needless to say a GREAT time to buy]
[UPDATE 2 : Record Revenue – Record Profits – but the answer is to release a new cheaper iPhone – which would surely put even further pressure on margin – yup – thats a good strategy]
[UPDATE 3 : Seriously check out this piece on Bloomberg – and you figure out what is going on]
And once more the people I track will have called it. (Trust me – I am not an analyst – I listen, understand, network and triangulate … repeat) – and then occasionally write about, this is all their work and reporting But I do have an added advantage of ‘getting’ AAPL – there are quite a few of ‘us’ – but we are written off as ‘fanboys’. Whatever.
The fact is – if you want to listen to the people that TRULY get what is going on – it is there. I don’t have access to secret stuff. But it isnt what you generally read or hear …. that’s the crap that gets reported by the lazy mainstream press. Their logic is wrong, their facts are wrong and their conclusions are wrong. OK – sometimes right – but that has to be attributed to luck and serendipity.
But the sad thing is that like so much news – we keep building on the incorrect facts and conclusions – until it becomes the truth.
In many ways – AAPL is a small example of the problem with so much of the world. Because we are told they are the ‘experts’ – they are the ‘experts’ – so we listen to the ‘experts’. The question is though – what is their agenda ? Who’s side are they on ?
This time round, all the professionals will have manipulated their calls to maximize their returns = and the cry of ‘foul’ will have gone unnoticed, except by people paying attention.
Of course – I don’t know if AAPL is being manipulated – but it sure smells like it.
(and for full disclosure – I don’t own AAPL stock – and wont be buying any in the near future)