CNBC’s Goldman: The shorts might be short-sighted on Apple

“Betting against Apple has become a kind of bloodsport on Wall Street, and following the company’s earnings earlier this week, it bears repeating just how stellar these numbers were, and how extraordinary the opportunities are that lay ahead for this company,” Jim Goldman reports for CNBC. “All of which apparently completely disregarded on Wall Street today.”

Goldman writes, “So what’s happening? As near as I can tell, with the lukewarm reviews of the iPad, and so much wait-and-see going on, some investors might be worried that the tremendous revenue stream they were counting on may not be nearly as robust as they hoped.”

“But wait a second, it’s not like Apple is Palm or something,” Goldman writes. “iPad might be exciting, and important, and intriguing, and someday even compelling, but while we wonder and wait, Apple’s got plenty of other ways of making money.”

Goldman writes, “I’m no Pollyanna, and I don’t want merely to accentuate the positive. But facts are facts. Fundamentals are fundamentals. Digital music, digital video, digital books, apps, Macs, iPods, iPhones, retail, software, and yes, the iPad.”

Full article, in which Jim back up his point that “today’s plunge makes no sense,” here.

MacDailyNews Take: Why Jim seems to want to slam the doors shut on a fine deep discount sale is beyond us!

30 Comments

  1. Duh!

    Another thing I wonder is whether Apple defends its stock against the short attacking it. With $40 Billion they could easily buy stock to counter others selling it short and resell it later on the rebound. They do not even issue press releases to counter rumors. They seem not to defend the stock.

  2. Wall Street types and hedge funds almost always sell Apple after great news. No surprise.

    Anyone who manipulates the stock market should be convicted of treason, have all their money taken away, and spend the rest of their lives behind bars or be put to death. And I am sugar coating it.

  3. Manipulation in the stock, commodities and derivative markets is what got this country into its current mess. And traders keep playing the game.

    I suggest sending anyone playing these games (this includes Madoff) to Guantanamo. Terrorist don’t only use bombs, they use financial markets too.

  4. @Connor MacBook
    Analysts lie ahead, but Jim is quite right about the opportunities that lay ahead. To lay an egg, to lay a table, to lay down: these are the correct usage. To lie is to tell an untruth; and though it seems to have passed into common usage as a replacement for lay, it is still an incorrect usage.

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