Kanon8260
Short

Apple scare the shit out me

NASDAQ:AAPL   Apple Inc
Looking for history the last time apple recover so quicly was in 2007 it recover for 4 months then start to droping like hell, the question what justify apple trading at these levels, all fang not only absurd overbought, RSI Of stocks are in the 80, like msft , dis, amzn fb , the question you have to ask is why now? we are in a bull market so quickly you see in the times before that apple as fully recover always has double bottom , apple did not do that, also looking at fundamentals, during the last 5 years apple has diluted their shares nearly 19%, so EPS Look Higher, there is a lot of speculation with this stock, i think is the most speculative stock in wallstreet after tsla nflx all and amazn, i get msft has double digit growth but what has apple last quarter iphone sales decline 15% YOY and thatis 65% of his revenue, the claim services is just 10% of his total revenue, even if apple doubles that in 2 years, they have 10 years of the same product,no major changes beside better screen camara and processor, wallstreet always oversale this stock like is the best company in the world, people are buying iphone XR More than 10 thats why they are not even revealing how many units they sell, wallstreet in matter of months take apple again to hit 1 trillion? like a nothing happen, there is a lot of questions regarding the future of apple , i get is a good company, but is not was used to be, they need a new product, now all people buying the stupidity of services like is a big deal, i think apple could cut guidance, market is not expecting so much move because of volatility but look what happen with intel , everyone was so bullish and then earnings fall 10%, with volatilty at 12% dont want to imagine with vix at 20, so, i think apple could fall 188-190 the next week but who knows, these irrational market im all in short here, i just buy 195 puts May 17 GL To all traders!

Comments

Don’t be scared, apple is in a nonstop upswing due to institutional buying. Apple is a gift from god
Reply
Kanon8260 LordZeus
@LordZeus, also institutional selling , Apple can’t buy back during earnings so if they report bad numbers guidance on margins due to settlement with Qualcomm could tank 10-12% like intel and MMM, I’m not scared god does not give rewards to greedy people; people for get so quickly and when volatily is so low better than expected movements could happen if news or earnings are bad, Apple is the most speculative stock in the stock market never for get that. I could be wrong but you too.
+1 Reply
LordZeus Kanon8260
@Kanon8260, good points
Reply
Kanon8260 LordZeus
@LordZeus, I don’t want to be party popper but the reason that these stock was trading at 10x earnings like 4 years ago, have the same issues, until Apple dis not create a new product beside iPhone, what’s next? Is my question, iPhone z ? People are stuck with old phones, and cutting prices because people are refusing to buy iPhone X when you have iPhone XR basically the same, probably margins will decrease, and guidance will be lower, don’t think they raise dividend because they are gonna spend cash in buybacks and “services” expansion, and launching “nflx” like was a dissaster for me Apple should be enter that market 10 years ago no when everybody wants a piece. Not that market is saturated along with voice command devices. Tim Cook is having a lot of pressure of board and are making him make stupid mistakes like launch 3 different iPhones, product Canibalization like that happen before. Just be careful men don’t chase 10 dollars when you know you have more downside risk no offense hope you doing fine
+1 Reply
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