DISQUS

marie · 11 months ago

I think the technical data upon which Mr. Bass has relied was skewed due to the Job's health issue (JHI). Remember that the JHI has influenced the charts since June or July of 2008. That factor is to be superimposed upon the greater market head winds related to the consumer. Apple has demonstrated a resistance (not immunity) to the headwinds in the overall market. On the other hand, it has shown a remarkable vulnerability to the JHI.

I believe that after Q4 we got, for the first time, a boost in our immunity to the JHI. We can all see that there will be life after S.J., though I fully expect him to recover and be back in June. That said, if you "back out" the JHI effect on the charts, we have a different picture than the one painted by Mr. Bass. He is right, but he is wrong, because he has failed to meld the fundamental with the charts.

marcos · 11 months ago

When I was a kid about 16 doing manual labor in a lumberyard almost 50 years ago, I used my lunch money to bet the horses with the other laborers. I learned then you can beat a race but you can't beat the races. Well, it applies today to AAPL. AAPL can beat the analysts, but it can't beat the market. AAPL is going down with a frown. The other day a fund manager stated that equities were too high and as long as inflation wasn't knocking at the door, they had to go down further to match P-E ratios of the 1980's and earlier. I think he's right. AAPL is too high P-E ratio given the uncertainty in today's bad bad economy. I haven't heard CFO's cite 'macroeconomic' influences affecting earnings and future earnings for a long time. That's a word now dusted off and being used everywhere. Why? because its true. The world is a sick place to do business. AAPL got its boost this past quarter mostly from overseas business. It can't count on it for the coming few quarters.

marcos · 11 months ago

You are absolutely right. You did a good job thinking it through. I just wish it were all that simple. There will be challenges. Two traders were arguing about a trend in the market and they couldn't get to a resolution so their friend agreed to have all 3 go to their Rabbi and ask him. The first one said his comment and the Rabbi said, "You are absolutely right". The second spoke and the Rabbi turned to him and said, " You are absolutely right." So the third man who brought them in said to the Rabbi, "They both can't be right", and the Rabbi turned to him and said, "You are absolutely right."

BMWTwisty · 11 months ago

"Many Apple investors pinned there hopes... " Uuhhhh, that'd be "pinned THEIR hopes..."

Lizzola · 11 months ago

The title is somewhat misleading. It gives the impression that Apple had poor earnings which put a drag on it and the markets. Nothing farther than the truth.

Bryan · 11 months ago

I wouldn't say GOOG was down 3% yesterday after-hours. It was at $311 and one trade of 1900 shares came in last at 298. That wasn't a real closing number.

Same thing happened with AAPL after-hours.

toootoo · 11 months ago

count your days zacchhhhhhhhhhhhhhhhhhhhh

you're as vulnerable as your shorting.

freebee · 11 months ago

Why do these "constructive, knowhowguys" bother to complain all the time, tell me somebody plz! I say go litter y own backyard!