Apple (Nasdaq:AAPL) is expected to show some short-term weakness. You know this because all of a sudden the PR machine is talking about new and exciting future product launches.
Stock prices are the present value of future earnings.
Everything cannot come out good every quarter. Business is too complicated. If a company can manufacture good every quarter something smells bad.
The market discussion on Apple is very schizophrenic. Investor behavioural behaviour case study at its best.
Buy on rumor sell on news is have a train wreck. News will be out shortly and rumour is out like right now.
Do not trade on todays rumour or todays news. Buy Apple if you believe in the story which has made billions despite the latest suggestions from Carl what’s his name.
George Gutowski writes from a caveat emptor perspective