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Bookmark this on Delicious ITZ suggested entering Apple several days ago on Twitter post, and recently noted that it was trading on the upper end of a channel. LINK
Apple missed with its fourth-quarter results, a rare feat for the iPhone and iPad maker, which usually topples forecasts.
Apple earnings excluding items rose to $7.05 a share in its fiscal fourth quarter from $4.64 per share a year earlier.
Net income rose to $6.62 billion from $4.31 billion.
Revenue jumped 39 percent to $28.3 billion from $20.3 billion in the 2010 third quarter.
Analysts had expected the technology giant to earn $7.39 per share on revenue on $29.69 billion. It was the first miss for the company since 2004.
The company sold 17.07 million iPhones during the quarter; That was a 21 percent increase from a year earlier but Wall Street had expected something in the 18 million to 20 million range, given that 20.3 million were sold in the third quarter.
The company did, however, deliver a better-than-expected outlook for the fiscal first quarter, which starts in October. Apple said it expects earnings of $9.30 a share for the first quarter; analysts had expected $9.01 a share, according to Thomson Reuters.
I was listening to CNBC and this analyst stated Apple is a 'Bubble' Stock....WHAT?!
I'm sorry but since when is the stock price the only metric one looks at to base a call that the stock is overvalued or in a bubble???
Bottomline, if you sold any calls against your positions, buy back those calls and those who bought puts, suggest selling them. ITZ suggests adding to or entering a position on AAPL and continues to see this an an opportunity. ITZ noted on Twitter back on October 4th, that Apple should be worth $700 in 18 months. Twitter post
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