Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Apple Tankwatch -- Ignore unavailable to you. Want to Upgrade?

To: niceguy767 who wrote (23979)	12/6/2012 2:48:23 PM
From: zax	Respond to of 32680

I'd like to thank you niceguy, for furnishing the basic content for this post. Predictable AAPL short profit taking this AM which might subside as the day progresses. The China mobile negotiation failure is huge - the Chinese love their cell phones, especially as many phones are banned. (Apparently, there is a small industry of people selling overpriced crap very profitably in China). Wonder how long it will take AAPL to drop beneath the psychological $500 barrier. My guess is not long as, again the potential downside implications of the failure to secure China Mobile cannot be overstated; a Chrismas iP5 on China Mobile has been built into the stock price for a long time. Once the short profit takers are done, it's back on track and downward rather swiftly to $500. Looks like 40 million plus shares again today at current rate (i.e 34 million at 2:30). Surely some short sellers will begin picking off shares before too long in the current $540 to $550 range and provide (in preparation afternoon support weakening?)