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Friday, March 18, 2011

AAPL trading poorly

I do not know why it is trading so poorly. The mind start to wonder. Could be:

1. A wash out from this week's negativity regarding the supply issues?

(If this is the case we have the DigiTime's article stating no supply issues with the factories.)

2. Analyst downgrade.

(Looks to be the reason. This is still a play off of #1.)

3. We all know the worst case. But if this was to happen, I still believe a major buy back on the magnitude of $30-40B will also be announced.

Looks to be remnants of the weak hands and negativity of this week.

I will not sell Apple below 370.

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