Murphy Mac

Apple Falls Flat as Market Rebounds - Is There Really Investor Confidence?

It cracks me up the way you talk about 'support' at a given price, and then point out that the stock crashes right through it. 'Support' is an imaginary concept. That's why things are always crashing through it - both ways. Imaginary walls are easy to break.

In good times aapl is driven largely by speculation - not your charts and numbers. The forces currently in play that have wiped away aapl value are much larger than your levels of 'support'.

Apple Investors: The Bottom's Not In - Just Yet

I suppose there will always be folks who are more comfortable trading on charts and points of "resistance" - which no doubt exists. But your points of resistance mean nothing when key events come along, like the introduction of Boot Camp - to send a stock like aapl soaring...

I'm far more comfortable investing in a company with a plan, leadership, proven products, future potential, partners, and solid fundamentals - like the current P/E. And a big pile of cash. Your charts seem to contradict the notion that past performance is no indication of future results.

Also, I think you're throwing aapl into your stories just for the click-count of the fan base. It's pretty obvious in this story.