Tuesday, April 24, 2012
AAPL Nails the Bears
Traders never learn. You can't fade AAPL. They are serial sandbaggers and they ALWAYS crush their estimates. You could see this coming from a mile away. You had the worry warts selling down the stock based on channel checks and AT&T and Verizon numbers. But they forgot to check the channels overseas! Traders are underinvested here. This AAPL beat will get the fund managers scrambling for stocks in the near term.
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1 comment:
Don't know about that comment. Bears managed 10% lower past 3 weeks. I'd say that was a victory. Anyone going short into earnings after a 10% correction doesn't know anythigng about trading.
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