Research In Motion's Dream Run Comes to an End [View article]
thanks for the comments everyone. My basis for buying Apple after earnings was exactly stated by longapple. Look at January or the April earnings release - fantastic numbers but were totally ignored. Also, there is no reason why Apple should not fall to $140. In December 2007, when Apple was close to 200, I thought I would never need a sell stop, and we saw what happened in February when it went to $125. And though Apple distributes revenues for the iPhone, it doesnt change the fact that the iPhone was sold out and even on a cumulative basis, lesser iPhones were sold. That was my basis, and I'm sure anyone would love to see Apple at $140. Its better than a thanksgiving sale. cheers Prashanth
Research In Motion's Dream Run Comes to an End [View article]
My basis for buying Apple after earnings was exactly stated by longapple.
Look at January or the April earnings release - fantastic numbers but were totally ignored. Also, there is no reason why Apple should not fall to $140.
In December 2007, when Apple was close to 200, I thought I would never need a sell stop, and we saw what happened in February when it went to $125.
And though Apple distributes revenues for the iPhone, it doesnt change the fact that the iPhone was sold out and even on a cumulative basis, lesser iPhones were sold.
That was my basis, and I'm sure anyone would love to see Apple at $140. Its better than a thanksgiving sale.
cheers
Prashanth