Here's the pessimistic view (and I'm long myself so I hate it):
Corporations and funds are deferring everything they can in order to defeat Obama in the next election. They calculate that giving up growth in the short term - over the next 6 months - will pay big if Romney wins and is able to pass a cash repatriation tax reduction or holiday, and lower the corporate tax rate in general.
Ultra-high net-worth individuals are doing likewise because they fear Obama will eliminate the reduced capital-gains tax rate of 15%.
Selling Apple or staying out of the stock is an easy way to bring down the entire NASDAQ average. The fear snowball has succeeded in motivating small investors to pull out of funds and ETFS which result in further selling of Apple since it is a large component of many funds and broad ETFs.
We would need to see multiple major catalysts to see an upswing in Apple stock at this point, like China Mobile deal + new Macs + new iPhone + iTV + Mountain Lion + Big Content Deal(s).
Apple doesn't care at all about their stock price so they won't push up any announcements or do anything like a buyback to support the stock.
The next announcements are likely to be at the Apple Developer conference and then after that earnings in July but basically nothing big enough to move the stock much until September/October.
Like I said, I'm long, so I hope that it works out differently. Maybe a content deal might come along... Apple can be surprisingly successful!
Apple Slingshot In Full Effect [View article]
We have them every 4 years. See the Constitution for details - it's on the flipside of the treasure map.
Apple Slingshot In Full Effect [View article]
Apple Slingshot In Full Effect [View article]
Apple Slingshot In Full Effect [View article]
Corporations and funds are deferring everything they can in order to defeat Obama in the next election. They calculate that giving up growth in the short term - over the next 6 months - will pay big if Romney wins and is able to pass a cash repatriation tax reduction or holiday, and lower the corporate tax rate in general.
Ultra-high net-worth individuals are doing likewise because they fear Obama will eliminate the reduced capital-gains tax rate of 15%.
Selling Apple or staying out of the stock is an easy way to bring down the entire NASDAQ average. The fear snowball has succeeded in motivating small investors to pull out of funds and ETFS which result in further selling of Apple since it is a large component of many funds and broad ETFs.
We would need to see multiple major catalysts to see an upswing in Apple stock at this point, like China Mobile deal + new Macs + new iPhone + iTV + Mountain Lion + Big Content Deal(s).
Apple doesn't care at all about their stock price so they won't push up any announcements or do anything like a buyback to support the stock.
The next announcements are likely to be at the Apple Developer conference and then after that earnings in July but basically nothing big enough to move the stock much until September/October.
Like I said, I'm long, so I hope that it works out differently. Maybe a content deal might come along... Apple can be surprisingly successful!