ub52209

This guy reminds me of Dan Niles who is always shorting Apple as it continues to soar. I don’t have a clue why CNBC keeps having him on when Apple reports earnings...you’d lose a lot of money following his recommendations.

it was really funny yesterday when they asked him if he was glad he got out of Apple a few weeks ago...why he would say that I don’t have a clue as the stock is much higher now and even if he got out now he’d make a lot more money for his clients. He claims Apple is always too expensive especially when compared to its suppliers...well, he forgets Apple can replace any of its suppliers at any time, but customers will demand the Apple brand no matter who supplies them.

Notice they reduced revenues, which everyone should have expected and the stock as a result has dropped about 30%, but they still expect record earnings, much more important than revenues.

Also notice revenue is falling 10% from projections, but the stock has fallen already by much more.