– Apple Disappoints (ZeroHedge, Oct 25, 2012):
And so the behemoth misses… again:
- APPLE 4Q EPS $8.67, EST. $8.75 – miss
- APPLE 4Q SALES $36.0B – slight beat
- APPLE SOLD 14.0 MILLION IPADS DURING QTR, UNIT EST. 15.3M
But the uglyness is in the forecast. And this time it is not a low-ball:
- APPLE SEES 1Q EEPS $11.75, , EST. $15.49
- APPLE SEES 1Q REV. ABOUT $52B, EST. $55.07B
Stock halted so keep an eye on the QQQ as a proxy – QQQs imply AAPL $590 here (200DMA is $587)… AAPL will resume trading at 4:50ET
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– 230 Hedge Funds Suddenly Cried Out In Terror And Were Suddenly Silenced (ZeroHedge, Oct 25, 2012):
A week after the second most populous hedge fund hotel, Google, blew up, it is now time for good ole’ Hotel Caaplefornia itself. The HF holders table below is presented without comment (as we have said all there is to say many times). Remember: orderly, cool, calm, collected single file procession through the tight exit: and nobody panic!
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I knew we were in trouble when I saw entire towns and commmunities passing agreements to invest in Apple…..I knew it would fall. When all the sheep head in one direction, it is time to go the opposite way. I am not surprised, nothing can grow at such rates without end. The former CEO, Kettering, of GM pointed out that when the company was young, it made sense it could grow 20, 25, or 10% per annum for a while, but not endlessly. There is a finite quality to mfg that must be calculated, or this sort of stuff always happens. Now, it is Apple.
The driver is endless greed instead of common sense. People need to grow up and stop looking for endless wealth in limited avenues.
Thanks.