| | | Last Friday
I speculated about why AAPL was being allowed to trade persistently weak with no evidence of any buyback activity. Conditions that, pretty much, have persisted all of this week. I speculated that they might have a material deal in the works (M&A Monday). In private, though, I downplayed that aspect as being a longshot to explain their behavior, but still the possibility existed.
Well, last night we get Apple's 2nd largest M&A deal. Only Beats was bigger if I'm not mistaken.
My guess is that Monday, no later than Tue, we should start seeing Tim's invisible hand in the market with resumed buyback activity. Possibly an accelerated buyback program (I hope), but at least the normal programatic buyback (with 2 weeks in arrears)
That's my theory, and I'm sticking to it. ;-) |
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