

Stock briefly dips below $400 USD, analyst predicts earnings miss






Tim Cook
[Image Source: Bloomberg]




Source: Cirrus Logic [press release]

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RE: Poor, poor Tony
By retrospooty on 4/17/2013 5:41:07 PM , Rating: 2
"The only thing truly outrageous about AAPL's price is how quickly it rose up, even when its price multiple hit (and then crashed through) historical lows. Time was my basis for shorting it, that and the retail investor/media sentiment of "we're going to $1000!".

Sell when people are celebrating, buy when there's blood in the streets. :)"

Exactly... The current "letdown" is really only an effect of the "over-hyping" of last year. It seemed like the market expected Apple sales to grow at that same rate forever, which is just impossible. At that rate they would have owned everything on Earth by the year 2025. It just couldn't continue. It has to level off and that is what we are seeing. They arent in trouble and they arent going anywhere, just coming back down to Earth.

