I just setup a margin account so I can short stocks. I want to be ready incase Apple bites the big one! Bottom line, they ran out of Steve! They are banking on wearable tech via the iwatch bit as consumers have already shown Nike its a dumb idea (nike shut down their line and fired all their staff) wearable computing is headed in the direction of HUD ( heads up displays) Google glass opened up purchasing for one day and sold out of the $1500 Glass! Vuzix and others will also do well in this area as the iPhone becomes a paper weight in the new era of Natural Computing Unless Apple pulls a rabbit out of its hat or acquires an awesome start up in this area they could become almost irrelevant. They know if the iwatch fails and they cant come out with the next game changing (iphone) their $567 per share could free fall thats why a 7-1 split may be on the table. Lower the price and hope the Apple name draws new investors to stop the bleeding. Btw if you dont know what shorting this stock would be like think bubble - just making money on the way down.
Posted on: Thu, 24 Apr 2014 17:44:10 +0000
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