Andy Zaky

Investors Are Not Selling the iPhone News

They're not selling the news, because they never bought the rumor!!!! Look at Apple's chart post earnings. It jumped after posting a strong earnings report and has been on a downtrend ever since. It reported earnings on April 25 and began its downtrend to the abyss starting in early May. No move to the upside on 3G announcement. Instead, the market sold Apple off nearly $15.00 in a matter of days. Now you wonder why they haven't sold the news on launch day? How many times do you want them to not buy the rumor but sell the same news?