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S2007S

Registered: Aug 2006
Posts: 13839

09-10-12 08:53 PM

Apple down $16 today to $663, Im not bullish or bearish on apple, but what I will say is that come Wednesday the stock will probably be around $680-$690 based off of the release of the iphone 5 and ipad mini. People will probably be waiting in line 2 weeks before it even comes to the store. Surprised to see it sell off on one of the biggest tech events of the year.

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cactiman

Registered: Dec 2011
Posts: 962

09-10-12 09:50 PM

Quote from S2007S:

Apple down $16 today to $663, Im not bullish or bearish on apple, but what I will say is that come Wednesday the stock will probably be around $680-$690 based off of the release of the iphone 5 and ipad mini. People will probably be waiting in line 2 weeks before it even comes to the store. Surprised to see it sell off on one of the biggest tech events of the year.

There's some news about Hackers getting AAPL Codes, and a new Samsung Lawsuit out there too.
Or it could be a manufactured dip so the big boys can buy in cheaper before the next rally?
Will probably be explained soon enough....
I'm staying Long regardless.

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Daring

Registered: Aug 2012
Posts: 676

09-10-12 10:16 PM

Quote from S2007S:

Apple down $16 today to $663, Im not bullish or bearish on apple, but what I will say is that come Wednesday the stock will probably be around $680-$690 based off of the release of the iphone 5 and ipad mini. People will probably be waiting in line 2 weeks before it even comes to the store. Surprised to see it sell off on one of the biggest tech events of the year.

What makes you think those known releases are not already priced in ? You would need a non expected super feature or product for this to react otherwise considering it has been a buy the rumor sell the news type of action so far.

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