i'm not an intellect, im just tired of seeing these bullshit posts of everyone on here claiming to be traders. People making all these nonsense calls about a stock going here or there and no actual reasoning behind it. Well the Dow is going to be a gazillion bazillion by next year because I say so.
For a quarter like AAPL had, which is the best in its history the stock should be skyrocketing, its up a lousy $4.00, news like that and it should be up $20.
"Should" and "shouldn't" doesn't apply in the market. As a trader that something you should know day 1. Its about what is and what isn't. The market is down 133 points right now, "should" it be? who knows, but the point remains that it is. Apple was at 265 this morning and maybe in the next week buyers will come in and drive the price to a new high, who knows. You don't, nor do I. but it really doesn't matter. What matters is the facts. If you want to believe that the stock is "breaking down" here than go ahead and short and see how you come out. But the fundamentals and technicals will prove otherwise.
Stock price = Quality earnings AAPL delivered quality earnings. Excellent earning. AAPL has great future and growth. Stock price will go over $300 just a matter of time.
Everything <a href="http://www.socialnews.biz/tag/Apple">Apple</a> does turns to gold. But I tend to think that all the good news might be priced in. IT seems priced for perfection.