“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.