I know they won't drop like CMG or something. Maybe I just don't get it since I am allergic to their products, and I never look at them. Also, I know I didn't bring it up earlier, but if I were a long term investor I would be a little bit worried that iPhone sales were down. Even though iPad 2 sales were up, 'new' iPad sales were down -- what if the same happens with the iPhone 5? What if people just don't like new, post-Jobs products? What if the lull in iPhone sales don't represent a lull, but a secular decline in popularity of the iPhone?
hahah.. hell alot of the population of apple goers are homo's or mainstream american consumers.. maybe they want a co&k shaped phone to get f8ck with.. seems like america has grown to like being a power bottom.. haha jk jk jk half serious
i read the steve jobs biography.. theres years of products already on the map before he died.. and i seriously do believe everyone is hooked.. you buy one product next thing you know you have all of them.. thats momentum is going to hold the customer base for a while... untill the opportunity cost of changing products is great! my position is i own not one Apple product!
Atty, I'd like to hear if you have more points for the bull and bear cases for AAPL. Yeah I agree if they keep on the current fundamental trajectory this is XMAS in Jul, and technicals are still supportive ex global macro concerns. All old, priced in news though IMO. I suppose I'm looking for an interesting POV outside simple top and bot line growth/miss.
After losing on my earnings butterfly for not leaving myself enough time to be right.. i immediately put on another butterfly for next week.. and its working good for me.. i knew the dang thing would gravitate back up.. just not within moments after earnings.. or at least i realized that in hindsight quick enough to position myself to recoup some loss.. my earnings butterfly BOT 1 AAPL JUL 27 '12 + 600 - (2)630 + 615 Call Butterfly 2.10 USD SMART JUL 23 15:14:41 my earnings credit spread SLD 2 AAPL JUL 27 '12 - 545 + 550 Put Bear Spread 0.36 USD SMART JUL 23 15:15:13 my post earnings fly BOT 1 AAPL AUG 03 '12 + 570 - (2)610 + 590 Call Butterfly 6.82 USD SMART JUL 26 10:07:05 my post earnings credit spread open and close SLD 2 AAPL AUG 03 '12 - 545 + 550 Put Bear Spread .300 USD SMART JUL 26 09:58:12 BOT 2 AAPL AUG 03 '12 - 545 + 550 Put Bear Spread 0.10 USD SMART JUL 27 13:06:48 34 dollars after commision on a 1000 bucks is pretty good for a two full trading days on a credit spread.. three percent.. idk it never seems right risking 1000 to make 34 bucks..