Wednesday, September 11, 2013

Uncle Carl Adds To Apple Position

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Well, Apple sold off on the news...WOW big surprise... but they did disappoint on not coming out with a new 'must need' product. That along with no news of a China Mobile deal yet and it gapped lower to technical support levels. Uncle Carl did step in and added to his position READ 

Carl Icahn Video Link

Previous ITZ post on Apple from August 13th READ

Historically, Apple's share price in the last 10 product launches has sold off, but recovered one month later.

So what does one do here? We could see a test of the gap, or churn here maybe a bit more downside. But, in a few weeks we'll start seeing how preorders on the iphone5c look like and we have iOS7, plus we may still get word of a China Mobile deal.

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