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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: SpedeReder who wrote (47848)	3/26/2013 8:19:10 AM
From: Fintas	1 Recommendation Respond to of 222224

re Apple. if you have been reading closely recently I posted a week or so ago that just as I expected google to go lower after a bounce I expected apple to bounce off it's lows and those who owned it could sell higher. It is doing that now. However, yes I also expect apple to retrace to retest it's lows of 420.. I notice this Am one of the Blackstone guys is pumping APPLE and mentioned and upside to 620 using the divi etc for the reasons. So if one were shorting it you will be fighting those who pump to eventually DUMP! But there's more to the concerns re APPLE before it is PROVEN it doesn't have issues. So they now use the divi increase prospects and do the there's a gazillion people who don't own one yet. HMMM ya got to love the generalization that they get away with. But the bottom line APPLE has to run PERFECT to hold it's valuations. I said that back in 2005 and they did. They had Jobs back then. They do NOT now. That is a biggee if one understands what Jobs could do and his predecessors will struggle to do. Thus, I lean they will have a tough road ahead. That lends to a retrace after the bounce. Near term I wouldn't be surprised to see 486-540.. Then the retest and if they slip re strategy and implementation then yup under 420 to the 405 and probably lower. First things first, let's see where the bounce ends. As for my musings, well, I spent a majority of my life in areas well beyond these borders. It helps to live as an expat abroad to have a better understanding of those things that will have an effect on us. The world is not all fuzzy. They just want us to think such. Truth be known we are the UNITED STATES. MEANING MONOLITHIC even when we disagree. The same can not be said for the many countries abroad. Thus one can expect more negatives from abroad. Or WHO IS NEXT? Have a good one. Fintas