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Possibly contributing to today's weakness in Apple (AAPL -2.5%) is another cautious note from...
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Friday, April 13, 2012, 11:28 AM ETPossibly contributing to today's weakness in Apple (AAPL -2.5%) is another cautious note from Wedge Partners' Brian Blair (previous), who argues FQ2 iPad expectations are too high. Blair believes just 11M iPads were sold in FQ2, well below a consensus of 13M. He also worries iPhone sales (the majority of Apple's gross profit) could disappoint if estimates rise further.
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Remember that iPhone sales are more significant than iPads, tho iPads coming up fast on the outside ...
- lack luster international sales in Germany, where you can walk into any shop and buy the new ipad,
- Chinese chaos which brought a halt to the sales in China for a week
- the overheating of the ipads which must have caused die hard apple fans to pause
Apple will miss estimates and momentum will do the rest.
Looking at a pullback of 7%. 577 USD
10 degrees F isn't "overheating".
Germany....seriously? The reason one can get an ipad at all in any country easier this time is because they ramped up manufacturing to meet the demand. Last release, they didn't/couldn't make enough. my lord, do some research would ya?
like "Google is cheap"
The market thinks it needs to be cheaper! LOL
Must be about time for an earnings report.
Next week look for AAPL to rocket up before earnings. The same story played out for GOOG.
HeatGate is a non issue as iPad sales have taken off and continue to be strong. The press loves a good bs story when the story sells ads. What could be better then to ride on the popular coat tails of the Apple iPad 3 launch. Sell more ads and short the stock at the same time! Then turn around when the short ratio gets higher and squeeze the shorts for a nice pop up before earnings.
I have dozens of options contracts that pay me on the bearish and bullish directions.
April 13th - $605.00/share
i.e= 5.4% drop
From 10.04 to 13.04 on average 30 million shares have been traded and this is on the high end for Apple stocks. Another indicator that today will be red. The relative strength index, has fallen below 70 currently at 54 below its low of 57 on 24th January 2012, another indicator it is heading down.
Momentum has also fallen to below 20 from trending above 50 from Feb 8th to April 11th. It fell from 50 to 19 in 2 days and does not look like its reversing.
These technical indicators will become divergent if Apple rises today but in the long run PRICE FOLLOWS THE INDICATORS.
Currently @ 605 USD. This is also the first level of support, if Apple does not break this support level good, if it does, then we see 600.75 as next level of support after which 575 (upper GAP), 568 (lower GAP). The major support level is 543.29. It can hit 543.29 before turning around if it meets/misses Q2 estimates or gives a bad outlook. I guess the outlook will be great because everything is going great guns for them. That leaves only the results beating estimates solidly for it to blow up to 623, 636, 644 where it meets resistance.
Right before the bottom fell out
Will get back in soon
I agree with killer
Nothing fundamental wrong just a bunch of haters who don't know shit bringing the stock down -
Love the comments on here damn some people
i currently have no position in the stock but do have three iphones, two itouch, four nanos, one imac, one mac book pro, one suped up ipad and a partridge in a peartree...wait for september or october to buy this again
I invest mainly in "Equities" with some exposure in Gold. One of My Equities happens to be "AAPL" & as with My other Holdings, I try & read everything I can get My hands on from 1.)"Your Alpha Team[Some pretty "Sharp Cookies"] as well as 2.)"Motley Fool"
I appreciate & Thank-You for being able to receive Your Seeking Alpha "E-Mails".
Once Again, Thankyou & Respectfully Submitted, "xzwpq6"
We will stick with top expert analysis and stay long.
"Let your winners run it usually happens because the fundamentals are GREAT"
"Sell only failure of fundamental analysis in order to be the market maker not the mark"
APD
The iEcosystem, and as I have posted, unlike either Microsoft or Intel, Apple gets to keep it all.
Wait 'till the software development community really starts to tilt Apple's way.
I agree with the comments that state the analysts have no better read on Apple than the average investor. It is a guessing game, much like the weather forecasts in Western New York. Get it right, and you are an "expert." Get it wrong, and you are trying to look for reasons that you missed.
I am long Apple and will remain long Apple. A dip of 5% is not reason enough for me to panic. I can not get over the number of iPhones, iPads, and other Apple products I see being used on a daily basis. These signs tell me, an average investor, that Apple is doing just fine.
No iPad overheating cases while I was on vacation. Guess I am one of the lucky ones:)
I strangle out of the money 3 months investing only 1000 bucks every month without fail either the pout gives money or th call easy strategy but doesn't work so well with stink of America BAC too much volatility to pick the right millisecond to take profits.
My play buy 1/3 @ 577/575 then 1/3 @ 551 and lastly 1/3 @ 543 giving you an average buying price of 557 USD. Actually I am feeling lucky and it would be better to buy nothing @ 577 and buy 1/3@ 568, 1/3 @551 and 1/3 @ 543 giving you an average buying price of USD 554. Happy hunting