thompr

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thompr
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  • Wall Street adjusts Apple expectations after Tim Cook 'rips the Band-Aid off'

    sog35 said:
    adrayven said:
     Any stock lost over past weeks is hardly because of Tim Cook. Most of it is the market as a whole has lost it's ass in Oil and China, so everything is moving to bonds and gold. Over 17% drop as a market whole (dragging Apple with it).. Of course, now you'll say the entire markets drop is all Tim's fault too. Grow up .. lol
    What utter bull crap.

    Since late July Apple is down almost 30%
    S&P500 is down 10%
    Nasdaq down 12%
    Dow is down 10%

    Apple's drop is 300% greater than the overall market.
    Entirely because Apple is in unprecedented territory from a profit perspective and so there is a long way to fall.  You and I may know that their situation is different than hardware companies that have been on top before, but enough people on Wall Street are unconvinced that it makes a difference.  Now they are seeing first evidence - or at least they think they are - that the beginning of the end is nigh.  Nothing Cook says is going to change that.  If you think you are right and that they are wrong, then this is a buying opportunity.  Why don't you get that through your skull instead of whining all of the time?