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

To: manalagi who wrote (149046)	1/24/2013 10:33:00 AM
From: Bocor	1 Recommendation Read Replies (1) \| Respond to of 213172

For those who don't understand how this often works on Wall Street, when a stock tanks for earnings or other reasons, and overreacts, analysts will jump on it, pushing it as low as possible to make it as cheap as possible for the larger funds to buy it. Individual investors will get slammed as usual. Just as estimates followed each other UP, they will follow each other DOWN, just like lemmings. Long ago I learned to not listen, other than using them as contrary indicators.

To: manalagi who wrote (149046)	1/24/2013 10:34:15 AM
From: Keith Feral	Respond to of 213172

I think when you look at Apple's cash position, they are basically trading for $300 already. If Apple were to trade at $300, with earnings remaining around the $50 benchmark this year, that would mean that Apple would be trading at a discount to MSFT. There is a lot of support in the $450 area for Apple, which is going to bring back in the big money again. I like the fact that most of the options premiums for Apple have now been destroyed. As far as options go, there doesn't appear to be anything to suggest the stock trading below $400. The chart has now exceeded so many standard deviations of price change, the capitulation today really does set up an opportunity for a longer term bottom. The market just wants to get the damn thing back to a price where nobody is going to be disappointed again. Cramer was also spouting about Apple not trading at 6 times earnings for very long. I think the bullshit for Apple is mostly out of the way with Apple telling all the analysts that their range of forward guidance should not be exceeded. This finally gives Apple an opportunity to set the expectations for the company. Once it turns around, it should be a nice long slow drift higher with very little disturbance.

To: manalagi who wrote (149046)	1/24/2013 10:53:18 AM
From: manalagi	3 Recommendations Respond to of 213172

Apple gets punished for reporting 47.8M iPhone units sold versus expectation of 50M. A long time ago I went fishing on a charter boat. There was this two guys who had real fun, joking, laughing all the time whether they caught a fish or not. Finally one of the guy pulled in a "small" fish, and by regulation he had to measure the size of the fish if it is a keeper. Yup, it was illegal. It was only 11 1/2 inches which is 1/2 inch below the size you can keep. The other guy said: "Hey, fishing is bad today, we need to keep this to show to our wives that we do indeed go fishing. OK, let's stretch it, let's stretch it. You hold the head, and I pull the tail." The moral of the story is: we had 14 weeks in Q1/2011 and the regular 13 weeks in Q1/2012. What if Apple makes a weekly average comparison instead of quarterly? That is more valid measure and the number is much better. You don't even need to stretch the true numbers, just viewing from the right angle.