one more once

Apple Beats on Profits, Misses on Sales, Cautions on Future

It appears yesterdays sell off and short positioning of Apple ahead of earnings was a risky move indeed. Those that did, probably were expecting solid numbers but tepid guidance which in this market can cripple a stock. Just take a look at Research in Motion. And after RIMM got whacked there were several articles on here where people, now long term investors in the stock, inserted the most minutia of information to back up the claim that the stock was not appreciated and would be back to its former glory one day. Same could be said recently for solar stocks. Oh the numbers people used to extrapolate their projections in arguments that would have you believe they were actual analysts. I am not suggesting Apple's numbers weren't good, especially in this environment, and that it won't prosper stock wise again. But a simple look at the chart reveals that it is in a down trend and under distribution. lesson: Fall in love with a stock at your own peril.

This Is What Happens When Everything Is Undervalued

Just a side note. Volume was rather light for a day where the Dow was up 936 points. Could be the PPT at work promoting the Central Banks intervention in the financial markets, yet again, while concurrently suppressing precious metals. The most interesting aspect all this intervention will have on earnings and hence, value, is will it be deflation or inflation? I suspect eventually it will be revealed the latter.

Fear Is Not a Strategy

I will continue to adhere and employ William O'Neil's strategy for investing. The retail investor/trader requires the big institutional money flow into the market and individual stocks to realize solid and even better than average returns. Many others have tried to entice or impress upon others to buy since February when we were reminded that August of last years concerns were not to be casually brushed aside and corrected ultimately with a rate cut or two. I wonder where they are now? If they bought they could be down 30-50%. That would take 40%-100% increase to get to back even. Not an insignificant move by any means. Just ask those still holding Cisco at a cost basis of $50 from nine years ago. Patience will be rewarded when out of the ashes a new bull market eventually emerges and the leaders are not the same of the previous bull. Just don't anticipate the bottom, let it actually happen and follow through.

Cramer: Dow Could Drop Another 14%, Oil's Going to $50

Cramer, before he recently embraced his bearish side, had called at least 10 bottoms in the past 6 months because he is emotionally tied to the day to day happenings in the market which transpires through his analysis via cnbc to his self image that has been fueled and fed during the last bull market by an eager public for his insights and expertise. Things are different now and he has been taken to task. Why, because his hubris has let many down, and he knows it, particularly with his questionable stock picks, especially amidst a downturn. Just as recent as a month ago he recommended RIMM at $105 mark even after the chart was telegraphing problems after dropping below the 200 day MA prior to it earnings announcement on bigger volume. He has also been emphatic on thinking the fed can save us from all that presently ails the markets. The same fed that contributed its' fair share in the construction this economic mess. That has also left people questioning his thinking with some ambivalence regarding anything he says now.

Are We There Yet? Not Even Close.

The bottom will come when Cramer can resist going 60 days without calling one. The market is smarter than everyone. Listen to the market. How quickly some forgot that after the last bear market and relegated their heads at the door of emotion and hope only to once again get it clocked while being hyped, obfuscated and assuaged daily by the 'experts' and cheerleaders.