Apple shares could be in for a rough ride

Same Ben Shuleva. He’s a stud.

I was long on Apple, and saw my Call options decline. So I bought Puts for a strangle and boy I was glad I did. Seeing how consistent Apple falls after conservative earnings reports, it should be obvious by now to go short on Apple when it peaks before earnings. Those who did will make out like a bandit. If I did not have those Calls I would too. Now I’m hoping to break even tomorrow or make a small profit.

Apple created huge hype for the iPhone and then couldn’t keep up with the demand. Should it really be any surprise that their stock will drop?

I will never understand why so many people rush to defend companies like AAPL whenever a critique is offered. Personal investment makes for a foolish investors. When AAPL posted their earnings in January, I considered shorting their stock, but figured, ‘you never know with AAPL.’ Even though they posted decent earnings, they didn’t have a strong enough outlook, and the shares dropped about 10% over the following two days. I don’t think the iPhone is the iPod revenue replacement most people were hoping for (at least not yet). I would anticipate that unless AAPL posts ‘out of the park’ results and better than expected guidance, you will see their shares dip 10% by week’s end.

This isn’t a slight on AAPL, which I still see trading in the $ 250 range by the end of 2010, it’s just an estimate of the market’s reaction to their earnings and guidance.

running this again today, huh. at least you changed your headline.

Facing the sea…

A delicate and
soft wind is
blowing near an
empty space,
while the curtain
covers a silky
notepaper describing
a picture and the
love for the youth;
I call you my
darkness, I wait
for a dream……

Francesco Sinibaldi

Apple is going higher despite recession caused by those democratic congressmen that pushed Alt-a and other marginal loans for traditional non-qualifying areas. That is the basis for fraud and home run-up!

@ Harry Winston, Los Angeles, CA

I have to admit, you do have a point. Right now Apple has a trailing PE of 34 - compared to Dell 18 and HP 14. In this market at the edge of the Great Republican Recession, this PE is pretty darn high already.

A lot of people are taking money out of the market, and if there ain’t no money then the prices will fall. Real Apple investor just need to hold tight. In the end - which may be 4 months from now or 4 years from now - Apple will rise to its real valuation.

(Of course, some of that 34 PE is due to over 20B in cash).

@ Murphy Mac

You said:
“That’s the cycle these days, Apple provides ultra-conservative guidance and down appl goes.”

Well - Apple does seem to provide guidance somewhere in left field, but they do not provide out of the ball park.

I think they are going to look at the iPhone numbers and the App Store numbers and provide a guidance that will blow people away. It will still be their conservative guidance, but will be above the estimates. )In other words - add another 10%)

Let’s face it - If Apple thought they would sell so many iPhones they would have prepared for it. So it has clearly exceeded their expectations. They WILL be taking that into account when they give out guidance.

IMHO

Monday evening we will know.

One reason Apple Stock will disappoint:

I know many that have iPhones on back order. Not only is the phone on back order but the shipping is too.

So they don’t know when and where the phone will be manufactured or who or when will ship the phone.

That’s ate up like a soup sandwich.

inept propaganda

When it gets down to it, a stock that doesn’t pay dividends is really not much different from trading baseball cards. There is not a cash flow to tie the valuation to, so we have to bet on a “greater fool” to buy the stock. Given that, the investment becomes a bet on the ability of the company and the press to manipulate perceptions. It is not about the financial reports or the product quality or Apple vs. PC. It is about fear vs. greed and the illusions that can be created. In this world, there are limits to what we can expect rationality to accomplish

Apple is the ultimate pace setter for the technology world. Its products approach total perfection, both in design and function. The stock will hit $200 before year end, and then, in 2009, go above $250. Watch those earnings… and be prepared to gasp.

After reading this article i sure am pretty confused about the reason for “Apple shares could be in for a rough ride”.

Seems like the company is doing quite well.

I am not against or for Apple products, I like the company in my personal ways, however what the author said has some value.

Looking at the technical data of this stock, looks like the value could drop to 156.38 or lower.

Well, monday we will see if the support holds at 164.16 or not

Thank you for this great article. In my view, Apple doing great job, by producing devices for masses. With the iPhone, iPod and Mac Apple’s stock prices will continue to go up even in 2009.

I often think of an old adage when the “street” gurus provide their “expertise” on Appl.
How does it go…?
They know the cost of everything and the value of nothing.

Perhaps not that extreme but not far off.
regards.
tm

ex ped: I believe it’s economists who know the cost of everything and the value of nothing.

Market Perversity…Makes a kama sutra comprised of kissin’ kussins from Kentucky look like a debutante’s balls! No, seriously folks, we should all buy financials ’cause they lose big dollars with grace and aplomb. Dum ole Apple can only get 1.) excellent world-class products across the board 2.)long lines of people practically hysterical for their products 3.) Numbers that meet or exceed their claims 4.) accelerating growth 5.) the often begrudging respect and envy of the world’s leading companies and executives 6.) Innovation by the bucket…. Now why wouldn’t you want to dump that stock, and get, say, Citi? Step right up…

I went last Sunday to the Houston Galleria Apple store, no planning or early arrival two hours before the store opened.

I stood in line for about 2 hours, was in the store 30 minutes and picked up two I-phone 3G’s one with a new number and another with a number moved from another cell company Both phones worked perfectly walking out the door.

I also own 3 Apple X-serve’s, a 17 inch Macbook Pro and a mini mac. Everything works great and on the rate occasion, I need support, I reach an Apple employee within 5 minutes and my questions are answered in minutes.

I also own a Windows XP Thinkpad which does a good job reminding me that Apple continues to be the better idea.

Fun with Google>>>>> Personalized Results 1 - 10 of about 166,000 for jim cramer prison. (0.19 seconds)

Come on people CNN doesn’t care!

They’re the instigators in everything that is bad. If it isn’t bad news then it’s not good enough for CNN to print, post for broadcast…

Peace CNN. Communist News Network

“Oh please. The recent popularity of AAPL is nothing more than a fad.”

You made me laugh. Laugh all the way to the bank. When I bought Apple stock when the first iMac came out at $12.49 a share, my stock broker said something very similar to the comment above. Apple is a far superior product to any of the Microsoft based PC’s. I even have Powermac G4 that I have been able to upgrade parts and it’s still a usable computer. I can’t think of anyone that would hold on to a PC for that long. I remember my first mac. It was called an Apple IIe. Man Apple sure has been popular for a long time.

Maybe you should reconsider calling Apple a fad. Fad’s are something you look back on when it’s no longer around.

I FINALLY got my (and my wife’s) iPhone. I got to the store by 6:30 AM, and was second in line. By the time the store opened, 200 people were lined up behind me. Note that this was on a Friday (who knows what Saturday’s going to be like!). Went a week ago and had to leave empty-handed to go to work - I was about 150 back in line, with another 200 behind me.

The so-called activation “melt down”, btw, was because literally millions of people tried to access the App Store at the same time. A VERY MINOR glitch which inconvenienced a very few who got MAJOR PRESS. Isn’t it interesting that the only people interviewed were the gripers, and not the ones who have been ABSOLUTELY THRILLED with this product.

Frankly, this is a manufactured run on Apple stock for the sole purpose of allowing the privileged few to sell high and buy low so they can sell high yet again. It’s a bald-faced attempt to play this incredibly strong stock by purposefully sinking it then riding it up as its strength reasserts itself.

Frankly, that’s cr*p, and the stock deserves much better. The best way to beat these parasites is to refuse to sell, and instead buy more. If they can’t sink it, then they’re left high and dry with no stock as it rises in spite of them!

I read Carls comment this morning and thot it was dumb. I re-read and think it may not be so dumb. I see no reason why Apple and Google would not be a real blockbuster combo.

“Oh please. The recent popularity of AAPL is nothing more than a fad. They make shiny little happy boxes and it’s en vogue right to have an AAPL. There are no “fundamentals” behind this surge in their stock price. ”

What a moron. People are buying Apple products in record numbers - and their grown in share has accelerated since the economy turned down. People are realizing that sometimes it makes sense to buy the better product even if it costs a bit more.

But, then, maybe you’re right. Heinz should go out of business because Walmart pickles are cheaper. Porsche should go out of business because there are cheaper Chinese cars. And Ethan Allen should go out of business because Ikea is cheaper. After all, by your logic, no one would ever decide to pay more for a better product.

Not to mention that Microsoft has contributed to Apple’s success with their Vista fiasco. Tons of people gave up on Windows and switched to Mac OS X. Since people rarely switch back in my experience, that’s a real gain.

I would argue that launch of iPhone 3G will provide good resistance from further stock sliding. The crowd tracked on piqqem.com supports this pretty well.

Oh please. The recent popularity of AAPL is nothing more than a fad. They make shiny little happy boxes and it’s en vogue right to have an AAPL. There are no “fundamentals” behind this surge in their stock price. Business has no use for trendy computers that have a high premium and a low return in terms of productivity. AAPL is a little microbubble that represents everything that’s wrong with this country. But that’s okay because the eggs layed by irrational exuberance are now the chickens called inflation and credit-crunch and they are coming home to roost. Good luck AAPL fan boys, you’re gunna need it!

nice article phil. a profitable company with without a doubt the highest of quality products headed for a rough ride. yeah its a game like the war.

I’m no expert, but after owning Apple stock for for several years I have come to realize that any Apple news brings the stock price down, good or bad. No news is good news for the stock.

All this talk about why the stock goes up or down based on whether Mobile Me is working right or something wrong with some aspect of the new iPhone that might not impress somebody is all crap and has absolutely nothing to do with aapl going up or down.

Also, anybody that posts any comment with the word fanboy in it is just a troll surfing Apple articles hoping to rile people up for the fun of it because they have no life. The moment I see” fanboy” I know the comment will be worthless and I can to skip to the next comment.

i think apple again posts stellar numbers. i would hope though that they change their tack and put a more optimistic, positive spin on their forward guidance, which is what the analysts are really looking forward to. new iphone, new markets (especially china), new refresh on laptops, new apps store; is there not anything which doesn’t bode well for the future.

I hope your comments are right. I bought a few hundred shares in early March around $120. I’d love another opportunity to buy a few hundred more.

However you fail to point out that the broader market is down MUCH more than Apple since May. So I don’t know that I buy into your bumpy ride theory.

i can’t believe i actually took time out of my day to read this.
Keep up the bad work Phil!!!

Shame on you cnn.money it was totally irresponsible for you to publish this article which is a clear and blatant attempt at market manipulation. Of which now you are a willing accomplice. Apple share were holding and poised to recover some losses. Almost immediately after publishing this article share’s have declined another $3.00 and more. Did it ever occur to you that is exactly what this person wanted? You have not only lost much of your credibility. But have become unwittingly or not an accomplice to blatant market manipulation. I demand you remove the offending article immediately. I am also reporting this clearly illegal act to the SEC.

ex ped: Good luck with the SEC. I assume you are a stockholder? For the record, the author owns no shares of Apple.

Gotta love Wall St. Over the last 12 months, I have seen the financial people put out articles saying Apple should:
1. Spend its cash, and
2. Go on an acquisition hunt
Despite the fact Apple’s fundamentals are doing just fine, thank you.

Now the “Wallies” are saying Apple is going to tank because of hiccups related to mobileme and schools not buying as many computers.

What Wall St. wants from Apple is not good fundamentals but some sensational move on the company’s part. I realized long ago that stock price has little to do with company health, and much to do with investor sentiment. Yet, most publically-traded companies will lick Wall St’s boots when they either REALLY 1) stay the course or 2) retrench for the long term.

This is why most publically-traded companies have the short-term mindset that is caricatured in Dilbert, and why I have made a personal decision never to work for a publically-traded company again.

@ Just Asking.

You’re onto something, but Apple, wanting to hide 1st iPhone numbers, has a response to you.

At a March event Apple announced that it would not BOOK ANY (both 2.5 and 3G) iPhone revenue until the release of iPhone 2.0 on June 11.

Be assured you will NOT get detailed iPhone 2 shipment info this Monday.

It’s not enuf just to be doing well, or very well. That might keep the stock level. The iPhone is a niche market. Will it take over the world?
Re Carl at 11:47AM: I don’t really understand the idea of merging companies. It means you lose control, like to Google. Steve’s transaction with Disney just looked like a victory for Disney in getting the control of Pixar that they wanted. Reminds me of Ted Turner getting such a fantastic financial deal selling to Time-Warner. He lost control and lost his dream, and it’s now in the hands of the international Left. As well, this concept of giving control to shareholders (so they can fire Steve Jobs) needs a reassessment.

Telling you-all, no brain investors listen to these losers and then there is something behind the scenes really pushing the stock down, can you say illegal? Would love to see someone in jail for that, plus they mess with someone who loses lots and lots of money, because of their shorting games and such, could find themselves at the bottom of a river.

CARL writes: “I predict that before the end of 2009 Apple will either buy Adobe (Apple has nearly enough CASH for that!) or — merge with Google. ”

That is a real interesting idea, right there.

Someone should research it and write about it on a tech blog.

If Apple buy Adobe….. Balmer would have a stroke for sure. I want to see it.

Todd, with all due respect, you are a moron. Insider trading? Ummm…that would require that PED have information about Apple that no one knows in advance of some news. Let’s see…he gathered a bunch of information from *publicly available* space and summarized it. Perhaps you can, in good conscience, call it insider trading since the information wouldn’t be available to you since it would require reading more than a headline.

Clearly no one who comments believes in the free market. The information is already available If you don’t believe this than pick up the stock and laugh all the way to the bank. But there are a lot of analysts who believe that the global market will have an impact on sales of ALL products, meaning that even if Apple sold things created by God himself that people may not be able to afford them. Good gracious people, the US is not in the best of places…it’s beyond reasonable to expect that discretionary spending (which could define 80% of all purchases of Apple products–maybe you need a computer to do your job and survive, but you DON’T need an iPod or iPhone to live) would go down.

Sigh. Read a few issues of the Economist and come back more informed.

Well, “munster” says Apple is good for 250, and maintains is buy rating.

I don’t know who munster is, but he sounds like a reasonable fellow.

So I was thinking, what is the worst case scenario for Apple stock?

The divine being ascends, then Forstell and the others destroy development with internal wars of succession. Then someone sacks the design team, and macs start to look like suck products, and they get old and dated.

That is pretty much the worst case scenario for Apple. I can’t see how it could realistically get any worse. And so i then ask, what would be the consequence of that scenario, on the stock price?

Well, even if Apple did get drawn into a world of suck all of a sudden, i figure it would take at least… AT LEAST.. 3 years for them to replace all their good work with Vista grade product. And then it would take another 3-5 years for the religion to die. Remember, Apple survived a very poor half decade or so with the suck product and without the divine one previously. The cult is loyal, and strong.

So, in summary, I think Apple’s momentum will take them forward. They have started a craze, a tech fasion label, and it grows. I think Apple will reach 300 no matter what. Even if the worst happens tomorrow. I think the momentum will get them there, regardless.

Is there secret society within Fortune sworn to always find something rotten about Apple?

RS from Cleveland hit the nail on the head. I’ve been watching this stock for years and lately have seen aapl get hammered most every time it delivers. Even stranger is that MSFT skates the mendoza line even though Vista has to be the biggest bust that’s ever been shoved down everyone’s throats, not to mention the flip flopping with the Yahoo purchase! And then there’s Ben Shuvlea going out on a limb, who really isn’t saying anything that’s not been obvious to a 4th grader, brilliant. Current trend has always held aapl to a higher standard and the stock price has gotten beat down before big releases or earnings. Huge money making bigger money on this stocks manipulation. Throw conventional wisdom out the window!

“(The 1 million iPhones that Apple claims flew off the shelves in three days last week don’t count until next quarter.)”
ped: Is it at all possible that some (a lot)of these phones DO count? In an earlier article you stated that Apple books sales to CARRIERS when the shipment leaves the OEM docks in China. Considering that we’re talking about more than 1 million phones going to 22 countries and many, many stores it seems possible that some (a lot) of these phones left those docks prior to July 1 to be delivered in a timely manner.

if it werent for variance, this guy would be unemployed.

I tend to lean to the let the numbers do the talking. 18% growth is not bad. But Apple is already 37% ahead this qtr in Mac sales over last year and with a smallish 7% PC market share they went from #6 to #3 in 2 qtrs. Software and Service sales are through the roof as well as iDevices. One has to wonder if these guys get together at night over IM and decide wether or not to write negative to bring the price down right before an earnings report so they can buy in, then sell short after the release making a whopping 22% (that’s the average over the last 3 years when calculated 5 days prior lowest price to 1 day after highest price).

There’s a lawsuit here and it’s called insider trading. By writing like this your are manipulating the stock price through your job. All one has to do is make cause for an investigation into writers and get their trade confirmations which are reported to the IRS each and every time.

I bought in at $50~ and I’m keeping it. In fact I’m buying more and more each month. Fact is they are only 1 of a handfull of companies to actually turn a profit qtr over qtr while gaining ground. Only other co. to do this is Suzuki Motors for the last 27yrs has never lost ground or made less money than the previous qtr.

I want my 7mins back.

Unbelievable. I can’t believe people write this stuff. If it goes down, it’s a good time to buy.

Do any of you actually READ the links in the story? Starting to think those who just blow off any negatives aren’t capable of understanding a site like Seeking Alpha.

From that story…
Every investment book that I have ever read tells investors over and over again not to invest based on emotions but rather on pure valuation. I, on the other hand, encourage anyone I talk to to invest based on emotions; it gives me the opportunity to make more money. In fact, I love it when investors make decisions based on emotions; it is why I bought Apple over a year ago after investors had emotionally sold off and it is why I doubled my stake in February when investors beat down the stock on “bad earnings” and Steve Job’s lacking keynote. I have rarely come across a stock that trades with such volatile characteristics on relatively stable, be it impressive, growth.

I respect your opinion and thank you for your research, but I find it hard to believe that a company that is reporting record PC sales, and looking forward towards the next quarter, with consumers lined up in droves to buy their products is a company that we should be selling. It just doesn’t make fundamental sense. I am retired. I got to this point by investing in companies that make fundamental success (Warren Buffet style). Have a good weekend.

Honestly. Seeking Alpha as a source? Just exceptional reporting there Phil.

Boy I smell personal gains in here. I fail to understand what is the theory these guys are applying, while making such statements. What more good news is market expecting. It just that these analyst are paid to make negative comments and play intra day.

My goodness you Fanboys are easy to rile up. This is simply an article discussing why some analysts think Apple shares could dip in the SHORT TERM. Seems like a reasonable position, given the high expectations for Apple and the current downward pressures on the market as a whole.

It is amazing how the analyst come up with their predictions. Apple is one of the most admired companies and still has incredible growth opportunity( 1 million phones sold in 3 days). It took the analysts 5 years to figure out from ipod sales would convert over to mac computers. Gosh, I new that 4 years ago and I don’t even have a financial background. I often wonder do these analyst even have college educations. And we all ask ourselves why wall street is so screwed up. At this point I don’t think wall street even knows what is going on. If the stock goes down i will buy more.

Seems like the people commenting on this article have no clue about what determines and drives stock prices. Everyone is defending Apple as this great company. Well, of course it is a great company with superior financials…But all of this is already taken into account in the price of the stock including expected future earnings. The point of the article is that these expectations are way too high and the stock will likely fall unless the guidance going forward will justify the current price. Looks like everyone needs to go back and take Econ 101!

Actually, PED is correct that Apple stock is in for a rough ride. The problem is simply that not enough of the “right” people (pundits, fund managers, etc.) have enough AAPL stock at the “right” price, so we will continue to see blind spot analysis until they’ve driven the price down far enough to establish their positions.

One flaw in this article is adding credibility to anything Shaw Wu says. With Gross Margins of about 33%, Apple is still way above HP (24.5%) and DULL (19%). For Net Profit, Apple is twice HPQ and three times DELL, so they can waver a lot without losing any position.

The whole market analysis is warped. Apple grows sales 38% and the stock goes down. Nokia profit drops 61% and the stock goes up. Microsoft misses and AAPL stock drops (MSFT too).

I’m not unhappy with AAPL sliding low, because it is becoming a bargain, and it will rise because their products and service don’t suck.

“But Wall Street’s antennae are finely tuned for disappointment.”

That’s always been the case with Apple. Wall Street in general and analysts in particular always ignore the good news and focus on the bad.

If this is the same Ben Shuleva quoted in this article (and I believe it is) it speaks volumes about the credibility of this article

SMU’s Ben Shuleva Drafted by FC Dallas
Midfielder selected in supplemental draft’s third round

Midfielder Ben Shuleva became the second SMU player drafted this year.

Jan. 25, 2008
DALLAS (SMU) - Ben Shuleva became the second SMU men’s soccer player drafted by a Major League Soccer team when he was chosen Thursday in the third round (36th overall) of the MLS Supplemental Draft.
SMU defender Adrian Chevannes was chosen in the third round (also 36th overall) in the MLS SuperDraft by the Colorado Rapids.
Shuleva, a senior from Dublin, Ohio, anchored the defensive end of the Mustang midfield and had seven points on three goals and an assist. He scored both SMU goals in a 2-2 tie at Tulsa, earning Conference USA Offensive Player of the Week honors. A tri-captain for the Mustangs, Shuleva started 66 of his 78 games after transferring to SMU from St. John’s.
Shuleva also led the Mustangs in the classroom, earning Conference USA All-Academic honors and being named third-team Academic All-America by CoSIDA and ESPN The Magazine.
Shuleva was one of two players selected in the supplemental draft by FC Dallas, who also grabbed Virginia’s Yannick Reyering. The two squared off Sept. 7 at Westcott Field, when Shuleva and the Mustangs blasted then-No. 5 Virginia, 5-1.
FC Dallas has a history of drafting SMU players, including 2007 Supplemental Draft choice Chase Wileman, who spent the 2007 season on the FC Dallas Developmental roster.

You are part of the problem, lending credibility to short sellers and fanning the flames of a nervous and over reactive marketplace. In days when the world’s largest companies, bedrocks or industry, are losing billions each quarter, Apple continues to post solid growth. At the very least put question mark at the end of your headline or are you that certain?

I would suggest that we don’t underestimate Steve Jobs. Jobs is the guy who sold his Pixar to Disney, and thus became Disney’s biggest individual shareholder, ever. As Apple’s cash hoard approaches $25 Billion, it is becoming obvious that Steve knows the time is nigh to put that to use. Big stock buy back, you say?? or start paying cash dividends?? Don’t make me laugh — Steve is not looking to artificially inflate AAPL. He wants to ensure his dream company will endure long after he is gone. I predict that before the end of 2009 Apple will either buy Adobe (Apple has nearly enough CASH for that!) or — merge with Google. Don’t laugh this off as a stuperous pipe dream! The two boards of directors are already interlocked as are the cultures and cult followers…

PED and other Apple bashers are irritating to those of us who are long, but the fact is appl will probably take a dive after earnings are reported. That’s the cycle these days, Apple provides ultra-conservative guidance and down appl goes.
aapl will come back as excitement builds during the Christmas quarter - and the lead up to MacWorld 09. But it’s going to fall again unless there’s a serious belief that MacWorld has something amazing in store, like a true tablet.

Murphy Mac - Over 100 How-to Screencasts

Apple is in a great market position but key investor commentaries keep hitting the company. Yes, APPLE traditionally is ultraconsevative and if they do that again they will reward those who keep criticizing Apple because they probably have shorted APPLE. With all the great positioning, now is the time for APPLE to be aggressive to take the industry leadership at hand and to punish those who are manipulating the stock downward. By being bold they should make an aggressive forecast for the next few quarters. They need not be overly agressive but then can project the growth that us shareholders and supports of APPLE believe.

Ok, let me get this straight. APPL has a margin that 99,9% of the companies in the world would love to have. They’ve got brand recognition beyond belief. Their ‘market’ share and sales are increasing at a rate that, once again any company would kill for. They’ve got several tons of cash laying around. Customer loyalty that is sky high. Super heated sales in foreign countries. And yet, because some guy tossing darts at a board makes a dumb prediction people get scared that the sky is falling for APPL. I do believe that too many people are getting paid way too much for not having a clue.

It is amazing that you guys are supposed to be reporting. How does anything you indicate here show that the movement should be lower. Apple held iPhone sales for three months clear the pipeling and still hits numbers. Wheres the reporting. As you point the stock was at 120 three months ago. Apple has solid financials, hasn’t bowed to repurchase pressure or dividends to protect their financials. They call it investing cause it not going to the track every day.

As a blog analyst I’m shorting Philip Elmer-DeWitt after reading this. I wish I could get the time and brain cells back I just wasted reading this.

I print all these articles so when I pass the bar I have all the evidence for my first lawsuit.

please sell. Sell sell sell. I sold all my stock at 182 and want it back. I’m buying below 150. Owned stock for 15 years. I love these idiotic neg reports. Makes me lots of money. The stock will be a bargin at 200 for Christmas !!
Lkmd

Why do the writers of these articles always forget to mention that whole market has taken a huge hit while Apple has stayed even. When the market comes back, watch Apple soar. Everything is relative and relative to the overall market Apple is still a strong performer.

The whole “Negative Impact on Share Price” with Apple is an indication of just how innane the “Street” is: Apple is a powerhouse of what a business should be (profitable, growing, innovative), and the stock should be soaring. The “Street” has determined that Jobs & Co. should not get their due beacuse it makes all other players look bad. And it does not help that conservative institutions play “day trader” with Apple Stock on a daily basis, making millions on ups and downs. A Company that sets records every day should see even the most hardened investor clamoring to get in. There is something weird about what has happened to their stock.

Why is it that this article is so negative in a time when investors are looking for positive news? 18% may not impress the “street” but it definitely impresses me - especially when so many other stocks are reporting in the red! Well this article has me seeing RED! It’s articles like this, I feel, that actually hurt the economy - I’m going back to what I tell all negative people I run in to “If you don’t have anything good to say - then don’t say anthing at all”

Ever heard of OE, Mr. PED? Geez, do they just hire you guys right off the street or something? Go pick up a book about the stock market, read it, understand it, and then maybe people will start to take your inane ramblings seriously.

Oh, and of course you’d throw in a link to some ANALyst who has gone public with his plans to short the stock. What would your blog be like without some bear material like that?

All of that said…You just do not know what to expect. What a waste of readers time. Biased to the negative once again. Why quote Wu? He has been wrong every time. I hope that you don’t get paid for this stuff!