AAPL as usual beats on both Top & Bottom line but as per tradition guides LOWER than consensus......
AAPL stock IS down sharply in AH down $18.08 from close......
AAPL is guiding Revenue sequentially HIGHER but taking margins LOWER due to promotion for back to school.....margins going LOWER from 34.8% in Q3 to 31.5% in Q4 due to product transition......AAPL also BEATS margin guidance.....
This IS a classic setup by AAPL to BEAT all over Again & Reposition margins for Q4 & Q1 the strongest Q.......
Fast Money made FALSE statement about AAPL that Steve Jobs is not attending CC for the first time.....absolutely False statement ...Steve Jobs NEVER attends CC.....
Steve Jobs health was given too much air time by CNBC...which is UNFAIR...Steve Jobs is CEO who IS enjoying his role with approval of AAPL Board......
I am keeping AAPL......
My portfolio remains AAPL & SOL.....
Many sectors were strong like AG,Coal,Steel,Oil,Nat Gas......
BLOG does NOT give buy or sell.
Saleem
9 comments:
Saleem, you might find this interesting:
http://timing.typepad.com/timer/2008/07/apple-inc-nasdaq-aapl-breaks-support.html
Hi Troy,
Thanks for the link for AAPL....
There is a very good chance that AAPL MAY close above $153.72...the first line of support.....
Saleem
AAPL Conspiracy theory:
We all KNOW it was done deliberately!
Just like cnbc announcing last week that AAPL's earnings were LAST Friday!
Just like Jim Goldman, he KNEW damn well that Apple Inc. had sold ONE MILLION new 3G iPhones over the weekend! Not the 450,000 he reported in front of MILLIONS of viewers!
Just like Jim Goldman KNEW that AAPL had TEN MILLION downloads from the new APPS store, not the One million he reported!
Those two news stories were PUBLIC knowledge first thing in the morning, yet, he waited until 10 minutes before the market close to report his BOGUS stories!
Hi Troy,
CNBC is losing credibility with each utterance.
Shorts PAY for LIES.....
AAPL will survive this also !!!
Saleem
HEY All
I listend to that dribble night and got so up set--they can definetly manupliate the market
Jeff Macke is a poor excuse of for a stock picker and TV personalty he does a rant and rave routine that is just awful -- CNBC should be shut down--NOT!!!! the regulators are asleep are in cohoots with CNBC
Long live AAPL this is the worst drop in stock price that I have ever held a position in
Cheers to all Peace to all
M
Hi Madmax,
AAPL will shoot UP from here in no time......
Patience & conviction will pay off in a big way.....
Saleem
Hi Saleem and all,
Sorry about the APPL manipulation. This is typical of a bear market. ANY excuse to short or sell the stock brings in the vultures. Earnings good? Sell, Earnings bad? Sell. Did you notice the article about the SEC changing the shorting rules on FNM? No more naked shorts for 30 days. Source IBD.
Hi Standards,
Even in roaring bull market hedge funds KNOWS how to manipulate media for their motives.....
AAPL already showing sign of life.
Saleem
YEa baby
AAPL came back some
We may yet get some upward traction
Hurray
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