We need people to be emotional otherwise there would be no-one to make money from.
I think it was Buffet who said, "The stock market is a device to transfer wealth from the impatient to the patient." That's what Apple bulls are banking on right now. It makes a lot of sense if you bought AAPL 10 years ago, but it's cold comfort if you bought near the highs in 2012, during which time, it's become a fairly predictable trading stock. The big question right now is whether the 7 is going to provide the catalyst or whether the market will mostly blow it off and wait for the 8. It could well be another year before AAPL regains its mojo, and it will certainly help the more it goes down in the meantime, i.e. a replay of 2013, but stretched out even longer. People who aren't in love with Apple/AAPL definitely have the advantage, because they can wait until it becomes a no-brainer again.
I agree with for the most part but especially about the rumors on the 7 which is very dubious it would seem that the September iPhone could be a dud. If so it could be a replay of 2013 as you claim. The trouble with buffet and his quant impatient description is it assumes ones whole portfolio is being traded that way. I myself only do short term impatient trading with about $50k and I do what is called swing trading with very precise calculated stop losses and Profit taker preprogrammed orders. its a very sophisticated trading technique designed to make about 3-4% per month regardless of the overall market direction.
The article is dumb. First, all of these investors knew Apple wasn't going to beat last years numbers. There was pent up demand for the large screen iPhones. So that high grow rate wasn't going to be repeated once the pent up demand was solved. Hedge funds who are looking for a quick buck sold last year because they knew what everybody knew. Apple wouldn't beat last years numbers.
Second, since Apple revised its guidance method by providing a range, it has stayed within the guided range of earnings. The year Apple released the large screen iPhones, Apple revised its guidance before earnings were announced to make sure it'd stay in the range. This last quarter was no exception. Apple achieved its guidance. Apple missing Wall Streets numbers was not a surprise.
The article is dumb. First, all of these investors knew Apple wasn't going to beat last years numbers. There was pent up demand for the large screen iPhones. So that high grow rate wasn't going to be repeated once the pent up demand was solved. Hedge funds who are looking for a quick buck sold last year because they knew what everybody knew. Apple wouldn't beat last years numbers.
Second, since Apple revised its guidance method by providing a range, it has stayed within the guided range of earnings. The year Apple released the large screen iPhones, Apple revised its guidance before earnings were announced to make sure it'd stay in the range. This last quarter was no exception. Apple achieved its guidance. Apple missing Wall Streets numbers was not a surprise.
How did they know that? We kept being told that there was a high percentage of users that hadn't upgraded to the iPhone 6/6+, plus still millions on Android available to switch.
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One wonders why a fund specializing in distressed debt invests/disinvests in AAPL...
They short Apple, sure, but it’s not alone.
Second, since Apple revised its guidance method by providing a range, it has stayed within the guided range of earnings. The year Apple released the large screen iPhones, Apple revised its guidance before earnings were announced to make sure it'd stay in the range. This last quarter was no exception. Apple achieved its guidance. Apple missing Wall Streets numbers was not a surprise.