Apple has lost mojo, would look to buy puts at the bounce back up and target last major low series seen on red line. Lets face it Steve left a void and Apple can't get the same mojo over the watch, not a big believer in long term if they don't get the magic back. I like the company but right now not doing as well...if they bounce and start beating earnings again we can reconsider
The company revenue $224 b, this year will be even more. what the mojo do you need ? Just wait a couple of months and it will explode high up.
Vince
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Every company comes to an end, when I traded Dell in the 90s or MSFT they were like AAPL, but that has come and gone, AAPL will also eventually become stagnant...when I don't know but for the short term trade this has turned out very well indeed
manarh
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I am quite agree with you, many of companies gone into oblivion. I might be wrong, but as far as I know Dell is a privet owned company, it might have been different in 90s.
MSFT is a still very active stock, I do not see why it is stagnating. Actually it is trading on 15 years level now, which is good.
I am not a professional trader (just learning), but as far as I understand Apple should really go up, because the distribution has not gone, I would say it even has not started. People must to empty theirs account after they have loaded on full capacity before. It is 5b shares, quite a lot to sell.
I presume, someone is buying all those shares now, that is why it is swinging so wide.
Vince
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Yes DELL went private cause was no longer strong in sales...and MSFT and AAPL have a huge number of shares this is an issue with oversupply and not as much demand. AAPL may keep going but the best days I think may be long behind it :)
manarh
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Thank you for information. I not sure I can ask about it, but do you have in mind some good shares to trade ? We just witnessed big upsurge of AMZN shares, do you think it worth to long now, or maybe it is the end of the advance ?
A-shot
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it did come close in 2014 as well, so bit too soon to tell, but good to watch