“Apple. The company that’s captured much of our hearts for more than a decade is now ‘doomed,'” Abdel Ibrahim writes for The Tech Block. “Day after day we see headlines suggesting that Apple is on its way to oblivion. ‘The company is no longer making great products,’ they say. ‘Tim Cook should be replaced!’ ‘Supplier woes stir Apple demand fears.'”
“We’ve all read these headlines and they’ve clearly had an impact on both the company’s reputation and its stock price. But what most people don’t see nor realize, is that Apple has a history of this type of stock movement,” Ibrahim writes. “In fact, there are more than a few instances where Apple has seen massive upward rallies followed by significant pullbacks (or retracements as I like to call them).”
Ibrahim writes, “the entire point of showing you these charts is not to give you some Jim Cramer buy signal. It’s to tell you to ignore the bullshit headlines that seem to be flooding the internet and newspapers. They come from analysts. Analysts with agendas to either inflate the price of a stock they own or deflate the price of a stock they want. Regardless, good companies will continue to thrive and bad companies will continue to fail. Apple, in my eyes, is still a very good company.”
Much more in the full article here.
[Thanks to MacDailyNews Reader “Jim” for the heads up.]
Related articles:
The most rotten thing about Apple is the coverage – April 23, 2013
Do Apple analysts serve the broker or investor? – April 23, 2013
Apple still misunderstood by Wall Street and the financial press – April 23, 2013
Is Wall Street’s mistreatment of Apple souring Main Street retail investors? – April 23, 2013
Apple business fundamentals are solid.
Keeping an even keel.
Steady as she goes..
Touché
“It’s to tell you to ignore the bullshit headlines that seem to be flooding the internet and newspapers.”
What a poor analogy, bullshit and cow manure serve such a useful purpose.
Still don’t like it on my shoes or portfolio.
U take it and like it!
This is the third one I have owned AAPL through. The first was in Y2K when I got my first shares around $64 ($32 after the split) and bought more when it went to $28 then again even more at about $18 ($9 after split). The second time was about 5 years ago when AAPL got cut in half.
When you look at the chart they look like small speed bumps now. But, I still hate to go through it again.
I agree
I wonder how Digitimes, Business Insider, Reuters and the rest will talk about Apple’s “upstream supplier problems” now that it’s been proven there are none.