To All: PLEASE READ
I admire people who invest in companies during their down days, and I myself have done the same many times in the past, with mixed results. I did not want to cover losses of my short interest in this stock by posting, which is why I posted after hours. Apple announces earnings in the morning before the market opens, so if I thought there was any chance in the world they would reach their -$0.15 estimate, I would have covered my position. Tomorrow is going to be bad, though sales have been decent in certain sectors, there is still an inherent downtrend in the Apple company itself. I would love nothing more than to see this company recover (once I'm out of course), but I have to trade in a realistic world, and that includes shorting Apple. I believe that Apple has done some book cooking this last year to keep their heads above water, but since this is the last quarter of the year, everything will be revealed. I wish the best of luck to everyone tomorrow, especially to people who are long. If I am wrong, and Apple meets estimates, it looks like Intel's troubles will still bring down the stock. If I am wrong about the estimates, I will post an apology to all for scaring you. But if I'm right, please acknowledge that fact, and do what's best for your financial future. |
