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Originally Posted by shawnly1000
Are you gonna be playing AAPL?
Can't remember the last time they had a product announcement going into earnings
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Probably not. I'll just stick to the sidelines for AAPL this time for these reasons:
1. Uncertainty. Q4 earnings is gonna suck, but the street is now expecting this. Thus, AAPL's earnings could actually be inline with the street
2. Hype of the Ipad Mini. Product Earnings a week before earnings ? Good news induced by the company before earnings ? It could be AAPL trying to soften the blow on a bad quarter. AAPL tries to mix in news opposite to what is expected in earnings. I still remember AAPL announcing Steve Jobs taking an indefinite leave on Jan 2011 the day before earnings. They had a monster Q1 but stock fell a bit before it rebounded the next month.
3. Hype on Q1. This quarter won't bode well for AAPL, but next quarter earnings will certainly kick ass. Will big money slowly buy in or wait til December (like last year) ?
Sideways to bearish for me. I'll play this with my play money account.
How about you ?