“If there was ever going to be a time to say sell your house, squat in a foreclosure, pull your kids out of private school, loan them out for summer farm work and eat Top Ramen so you can load up on a stock, it would come on an Apple (AAPL) post-earnings implosion,” Rocco Pendola writes for TheStreet.
“In fact, I’d be tempted to buy on relatively modest weakness or a continuation of the absurd status quo of underperforming stagnation,” Pendola writes. “But, as the stock jockeys like to say, ‘back up the truck’ if AAPL moves below $500 again.”
Imagine that tomorrow after the closing bell, “Apple ‘disappoints’ because it misses one or more of the numbers the morons who populate the Wall Street analyst community pulled from thin air as the standards we idiotically accept for the company’s most recent quarter,” Pendola writes. “Or Apple’s gross margin misses — by like a tenth of a percent — the wholly uniformed number these Wall Street hacks came together and agreed on… A dive into the high $400s, even if temporary, would be entirely possible. At that point, investors should really come together and take advantage of the lowest levels we’ll see Apple stock at for a long time. One man’s idiocy triggers another’s euphoria and subsequent opportunity.”
Read more in the full article here.
It is in Apple’s best interest not to kill Android. It is Apple’s best interest to have a well backed “also ran” phone OS out there. How else can they distinguish themselves as the premiere maker of personal electronics?
Apple’s interest is selling massive amounts of product. Having to sell along side a competitor that will lie, cheat and steal because the wheels of justice turn slowly is unfair. Android has had its day. Now it’s time to go.
absolutely.
The world doesn’t need another RIM. One is enough.
Microsoft/Nokia is still making Windows Phones to serve as a competitor. In fact, they are probably better than Android phones in some ways.
It doesn’t really matter what Apple reports from the previous quarter but more with what they project for the coming quarter. If you want to see the stock rise, Tim should give higher then usual projections. This in combination with their buy back plan and June announcements would be very good for the stock holders.
As of today I am all cash. I can’t remember a single instance in the last 5 years that the stock price hasn’t tanked on April earnings. If Apple goes lower by the end of the week I will be a buyer. My amateur analyst friends who follow Apple exclusively are looking for good numbers for the previous quarter, and a hike in the buy-back program, along with a possible hike in the dividend. I hike in the dividend is more likely if the earnings numbers are weak. Tim will throw us a bone in the hopes that we won’t notice the weak numbers. But all of that will not matter if guidance does not meet expectations, and I suspect that it won’t. Of course, I could be wrong, in which case I’ll take my lumps. But the potential for an upside move on this earnings report is way smaller than the potential for a downside move.
It’s all my fault. Had I NOT sold my shares yesterday AAPL would have tanked today. First time in recent memory when AAPL did not fall off a cliff after earnings. Oh well, I got the stock split I’ve been wanting. I’ll get back in when the time is right.
Nice move. Market timing at its best.
You win some, you lose some. A lot of those shares I sold Tuesday were bought last July 1st. Go look up the price. The rest were bought originally at $7.49, and I didn’t actually lose any money yesterday, I just didn’t make any.
As an amateur analcyst, I’m predicting – no, I’m EXPECTING 23 million Mac Pros sold this quarter. Anything less, and I say SELL, SELL, SELL !
Last Quarter..
Record sales of iPhones
Record sales of iPads
Record sales iTunes
Record profit
Record …Can’t remember what else but I am sure I forgot some 🙂
Result….Price dropped lol
do you think same thing not going to happen again, Apple is a special case stock, no other stock acts like it does, what you learned about investing in the 80, 90 and 2000 does not apply, need to go back to school lol
“…the wholly uniformed number these Wall Street hacks came together and agreed on.”
At least the number was fully clothed, and in professional attire at that. A crisply pressed jumpsuit, perhaps?
Leisure Suit Larry.
Guaranteed: If aapl drops below $500, Apple will load up on stock.
“the morons who populate the Wall Street analyst community ”
All I’ve got to say to that is :-)……