“Forget the ‘fascination’ with buying the bottom in Apple stock, OptionMonster’s Pete Najarian said Friday,” Bruno J. Navarro reports for CNBC. “‘Everybody’s had this fascination that they want to buy the bottom in Apple,’ he said. ‘That’s not necessarily how you should be approaching this right now. ‘On CNBC’s ‘Fast Money,’ he said that there were other stocks with more potential.”
“While Najarian said that he expected Apple to post a positive quarterly earnings report next week, it was not enough to get him into the trade,” Navarro reports. “‘I think their earnings are going to be extremely strong, but then what?’ he said. ‘I think you’ve got to look a little further out and say, ‘This is going to be a second-half-of-the-year story for Apple.'”
Read more and watch the video in the full article here.
[Thanks to MacDailyNews Reader “Lynn Weiler” for the heads up.]
So success quarter after quarter after quarter after quarter and still caution that they “might” fail? I suppose if you wait long enough but why isn’t every company treated like this since every company inevitably WILL fail at some point? It’s no wonder people are timid when it comes to buying stock with the anal-yst naysayers and naysaying is an easy stance to take. Meanwhile nobody makes money.
Hear, hear.
You’ve got people just going out of their way to try to scare investors off from buying Apple stock and products. Honestly, what company is a guaranteed sure thing in the future. Any company “might” fail. I’m sure there ARE other stocks with more growth potential. At any given moment, I don’t doubt it. However, potential does not guarantee success, at least over the long-term. These people must only be after instant gratification in a few months. I suppose that why it’s called “Fast Money”.
However, why doesn’t he just tell people the stocks to buy instead of telling them not to buy Apple. That would make more sense. It’s bad enough to hear “What have you done for me lately?” but with Apple, it’s getting to be, “What are you going to do for me in the far future?”
“If Apple has a blowout quarter, then what?” What sort of a jackass question is that? Isn’t that a question that could fit mostly any company. Each quarter any company has to work to hold or gain market share or revenue or whatever it takes. There’s far too much negativity leveled at Apple on a daily basis. If a company isn’t doing well, it will just fail on its own without needing any help from outsiders.
Why we even talking about this unimportant someone’s opinion?
LB48, Pete says both black and white in the article.
He says don’t trade (buy or sell) just hold. So he is saying not to speculate, just hold what you got causing its going up. But if its going up, isn’t now the time to buy?????
He is covering his game by saying both in the same statement. IF Apple crashes, he predicted it… If Apple grows, then he said to hold you investment. Standard BS… Make a noisy statement so you get heard then put a cover piece in there to cover your exposed a**. More ANAL….yst BS.
Apple needs to be below $500 on Friday in order for a bunch of brokerage houses who sold CALL options last January at strike prices of $500 and above NOT to go broke.
They close dead on 500.00, wow.
I’m shocked to find that there is gambling going on in this establishment.
Shocked!!! Shacked, I tell you!
I’m also shocked to find that the game is rigged.
I’m shacked… Shacked to the core.
Does this words ring any bells? STOCK MANIPULATION.
You see company after company posting mediocre results and failing products (Surface?) and even that, they predict glory days ahead of them.
But Apple is posting better and better results and every product they make is a hit, but they still saying to be cautious, that is because they want the stock to drop severely so they can buy it cheap.
I wonder where the SEC is when those so called “analyst” do they stuff.
I think ‘cognitive dissonance’ is at the root of it all.
This sort of mindset is exactly what sentiment has plagued apple stock since I can remember. If they do well don’t buy. If they do a little less well don’t buy. It is just more anti apple crap and not very objective.
I cannot fathom how these morons get paid.
=:~)
They’re not morons… it’s a strategic plan. They’re telling the lemmings what to do in order to cash in afterwards, IMHO.
Yeah notice this guy tries to cover himself saying even if Apple has a fantastic quarter THIS time to still be wary. Say wha?!
They have been told all there lives Mac’s are no good, the mainstream still can’t believe PC’s are in the decline.
It worries me a little that this negativity filters down to the buying public. All they see is negative shit.
APPL needs a battalion of astro turfers to combat this. The paranoid half of me thinks that Goog-Sung has hundreds or thousands of folks workin shifts to shift opinion.
On bad days by rational half is inclined to agree. :-(. It’s just too consistent to be random.
They do. A good portion of their ad budget is spent on message board/forum manipulation — a former marketer that worked on Samsung through Digitas NYC.
Precisely!
Cue the clueless mainstream media echo chamber.
I think for most of these analysts, they get more satisfaction out of hearing their own blather than from actually being right about anything.
ALL of the Apple Bears are wrong, obviously and deliberately. We’re going to watch the repercussions of their evil play out in 2013. Nothing new here for long-time Apple fanatics.
What do we call this? A Negative Universe Bubble? It pops and AAPL’s value skyrockets back to actual value. The stock manipulating AnalCysts have a party. 😛
The FUD is unbelievable.
Fear
Uncertainty
Doubt
An ancient method of propaganda, aka sucker manipulation.
I agree with his advice: y’all go look elsewhere (while I buy cheap AAPL)… Come back in the second half when the pice climbs (so I can sell my cheap shares to you at a higher price).
Instead buy something like Amazon — the perfect model reborn of the dotcom era where stock price had absolutely nothing to do with profit or ratios or any of those fundamentals – the declaration of a new economy where none of that old fuddy duddy stuff mattered.
I find it amazing that AAPL finished today at exactly $500 a share. Talk about perfect control of price by big WallStreet firms & Hedgies to inflict maximum pain on AAPL Stock option buyers
It’s CNBC. Where’s the surprise here?
zero surprise. zero network.
Pete, shut the fack up and go back to your diddling, you little fack.
It really comes down to how well Oppenheimer and Cook handle the earnings call next week. They need to give guidance that says a strong product development process is in place and markets continue to favor Apple products.
Just more a-holes driving AAPL down so THEY can buy bottom
Oh look, another lying AppleBearDummy. Dime-a-dozen. Watch this basTard do exactly the opposite. He wants to force the AAPL price even lower so he can make major cash off it.
IOW: Expect AAPL to fly back up to match Apple’s consistently increasing value as a company. DUH Factor off the chart.
It’s called Stock Manipulation folks. And WE are the suckers who enable the manipulators. Enjoy! 😛
You know, if Apple walked on water, the analyst would conclude “See, Apple cannot swim”!
Several months ago I read the glowing prediction by an anal-yst that AAPL was inevitably going to hit 1,100 in a short time.
Several days ago, I saw his forecast that, with its dismal future, AAPL would soon drop to 400.
He’s a manipulator, trying to drive the price up, so that he can sell, then back down, so that he can buy. He long ago lost any sense of fiduciary responsibility in his “profession”.
AAPL is one of the favorite targets of these jerks. Unfortunately, they do make money by doing this.
Must be a different analyst. Bryan White still has his $1111 target which is where it should be as it sell at a 20% premium to S&P instead of a 20% discount. Apple PE is below where was in early 2009 when everything was suspect in the economy. $100 Billion of so in cash in the bank later, it still sells at the same multiple. Make sense? Not to me.
Actually I just read where the ANAL….yst are pimping Amazon cause its multiple is like 2000… Yea buy a company that handles super large numbers of sales and yet loses money on the deal…..
It seems the “snake oil” sellers are actually convincing many buyers to buy the crap and leave the great stuff alone. Such a crazy world.
Just a thought.
en
Ok it’s official…….talking heads say STAY AWAy…….time to buy hand over fist Monday…….or go for the February 505 2013 options on the earnings pop……….
Gee, what a surprise! Closing price for AAPL on the day before the call options expire on January 19? EXACTLY $500.00. Not $501 or $499, exactly $500.00.
This is kinda nuts.
Apple will post strong earnings most people believe but they get no credit for it as we have seen with the stock. So in order to continue to be pessimistic people look even further out. Q1 will be lower than Q4 we know that and perhaps that will put even more pressure on the stock. It will be hard for Apple to get credit for their good work when people look past the good and look for the quarter Apple will eventually miss.
Even Cramer has turned on Apple. Kinda sad. I like him but I feel that he is following the Hurd. His comments and stance on Apple is reactionary in my view. Now when Apple’a stock goes down it fits to talk crap about the company.
Also.
I don’t know why people all of a sudden doubt Apple so much. If Samsung can sell allot of phones how hard can it be for Apple to do the same? Why dosnt Samsung get an death spiral and the end is near stories? With 60 million phones in the last quarter or what it was for Samsung haven’t they reached their peak? Isn’t it downhill now for Samsung? They can’t possibly sustain this growth and with competition from Nokia and RIM they are surly doomed!
CNBC is totally negative on Apple. They always keep talking about what’s next? Okay but that should apply to all companies not just Apple. Apple isn’t the only company out there. I don’t here of miracle products quoted from Google or other companies until they actually announce them. This should be the same for Apple. They talk about margins, but they forget about the big profits Apple is making compared to the other companies which have to give away there products.