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Just waiting around for that good old ramp express. Just four points, but so far it might as well be 400.
Apple has cash sitting at Goldman's corporate buyback desk (or whom ever they use) and just to flog the price a little more it came out that they are using the time proven Apple strategy of making their products the most expensive, as in the phone will be $1,000. So I guess all those $200 smart phones they keep writing about aren't a threat as long as the teen agers and college grads can swing the payments. I mean that expensive price and burn the prior owner's strategy has made them king of the universe in desktop computing among the really cool professions like graphic designers and college researchers and relegated them to a niche market. So hey, why not admit the inevitable and lose market share with phones while crowing about the ability to raise prices at will. As long as Cook can keep it together until he cashes in it's all good.
What we really need is a custom market carpet chart with the 40 companies that account for 100% of the first quarter S&P price change.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.