We first featured Apple this year in early February. Catching a great technical entry point ahead of the Ipad release. The stock is up 33% since the…more
We first featured Apple this year in early February. Catching a great technical entry point ahead of the Ipad release. The stock is up 33% since then. We generally sell before earnings but we felt strongly Apple would have a blowout quarter.
The fact that they sold more iphones this quarter versus last quarter which includes the Christmas season tells you that the iphone is much more popular than people thought - worldwide. Iphone sales blew away expectations. And more foreign markets ar… More
Deckers is in a bullish chart pattern and is just zooming out of a well-formed consolidation right before earnings. Short-sellers may want to get out now while they have a chance. Why short a stock with rising estimates and a low valuation in a red hot sector? I don't get it.
Personally, I never short a stock that tends to beat estimates by a wide margin whose consensus estimates are rising. Historically, this is a very losing short trade. This one is in the top echelons in that category… More
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The fact that they sold more iphones this quarter versus last quarter which includes the Christmas season tells you that the iphone is much more popular than people thought - worldwide. Iphone sales blew away expectations. And more foreign markets ar… More
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Personally, I never short a stock that tends to beat estimates by a wide margin whose consensus estimates are rising. Historically, this is a very losing short trade. This one is in the top echelons in that category… More
Comments: 1 | Comment