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Wall Street antsy on AAPL ahead of earnings

updated 02:23 pm EDT, Thu October 25, 2012

AAPL shorts at two-year high

As Apple prepares to announce its earnings later today, some indicators on the company's share performance have given many analysts pause. Traders are beginning to doubt whether AAPL can maintain the lofty performance it has seen over the last year, as some say that technical aspects of the stock show some troubling indicators. As a result, short interest on Apple is at the highest point it's been in two years, as some investors bet that the stock's price will drop.

In mid-May, AAPL hit a record high of $702.10, and the stock is up more than 50 percent this year. Since that high, though, AAPL has shed more than 13 percent of its price, and was trading this afternoon as low as $609. The stock hasn't closed above its 14-day moving average in about a month, and its 50-day average is now on a downward slope.

On the day Apple unveiled its much anticipated smaller iPad, shares tumbled about $20. Some investors are betting that shares will continue to tumble, and short interest on the stock is at its highest point since February of 2010.

Some analysts believe the stock will slide, but not disastrously so. Speaking to San Jose Mercury News, a Delta Global Asset Management analyst said he expects the potential bottom for AAPL to be in the range of $580 to $592. Topeka Capital Markets said that Apple October weekly options were pricing in an estimated move of plus or minus 5.5 percent, above the 4.2 percent one-day move over the last eight earnings announcements.



By Electronista Staff
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  1. blahblahbber

    Banned

    Joined: 02-01-05

    I've been saying this all along... the peak has already past for good;

    oh, and your welcome. REAL OPEN SOURCE IS THE FUTURE

  1. aristotles

    Grizzled Veteran

    Joined: 07-16-04

    Originally Posted by blahblahbberView Post

    I've been saying this all along... the peak has already past for good;
    oh, and your welcome. REAL OPEN SOURCE IS THE FUTURE


    Spoken like someone who has never coded in their life. You have no understanding of how hard it is to write quality software. The majority of open source applications have horrible interfaces with multitudes of usability issues. A perfect example of this would be Eclipse IDE. A counter example would be Monodevelop but that started out as a project called Sharedevelop which strove to emulate Visual studio rather than to be something original. It initially was created to provide a "free" IDE for .NET but is now a free IDE for both .NET and Mono.

    To you, open source means "free" as is gratis. If something has value then you should be willing to pay something for it.

  1. blahblahbber

    Banned

    Joined: 02-01-05

    Originally Posted by aristotlesView Post


    Spoken like someone who has never coded in their life. You have no understanding of how hard it is to write quality software. The majority of open source applications have horrible interfaces with multitudes of usability issues. A perfect example of this would be Eclipse IDE. A counter example would be Monodevelop but that started out as a project called Sharedevelop which strove to emulate Visual studio rather than to be something original. It initially was created to provide a "free" IDE for .NET but is now a free IDE for both .NET and Mono.
    To you, open source means "free" as is gratis. If something has value then you should be willing to pay something for it.

    Sure all of the eclipse stuff has horrible UI stuff.... but does not mean that it will stop there, or that is your only option. Anything can be done about most things.... looks like you are just limited in your programming skills, or rather limiting your options, that's all.

    Also, making assumptions about what I think OPEN SOURCE means is low of you. Guess there is no way reason to a lowly forum member. You now show more of your limitations continuing dialog with me.

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