Caught in crossfire
Reports of usage bans of iPhones by employees at government offices and news of expanding ban to state-controlled companies by the Chinese government have served a severe blow to $Apple(AAPL)$
With rising geopolitical tensions between the two superpowers across the Pacific Ocean, companies with significant operations and businesses in the two countries have been paying the price as they get caught in the crossfire.
However, I remain optimistic on the prospects of the iPhone maker with its loyal customer base and unparalleled pricing power. With an anticipated coming launch of new Apple products, hopefully its stock price will be finding support.
Hence, I’ll continue to add on Apple shares on their near-term price weakness especially if they were to fall below $170 which I perceive to be a strong psychological support level, while the company navigates through the prevailing geopolitical storm.
@TigerEvents @MillionaireTiger @TigerWire @CaptainTiger @TigerStars
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Short term noise! Longs need to let it ride out! 4th quarter earnings will blow this up to $200 you just have to sit and wait.
Seems like today it will be a red day for AAPL. To all longers: Sell and lock your profis before it is too late and let us shorters make some money too 😂 It needs billions to keep this ship floating high 😉
For all those who don't own Apple yet---All the bears come out when it drops 22 cents to tell us to get out now--how ridiculous. We all have made money on Apple going up EVERY year, and this time no different. Time to buy more. I am a long time investor in Apple and know much more of the up and downs of it than someone trying to make a couple of quick dollars betting against it.
Never ever ever short apple. Why would you short a mid 20s forward PE with the greatest brand and moat in history with a new mindblowing product soon to be released?Practically every other stock in the stock universe is a better short.
When a story becomes big headline news on every major news station, the downward move or the upmove is over thus all weak hands will sell or buy based on headline news. In the case of Apple, the decline is over and stock will go up from here.
Can someone explain why when watching the price, sometimes it jumps back to closing price, a couple times the price went from 174.09 back to 175.49
How can Apple be missing entire tech opportunities?That like asking why is Siri so sorry
Apple holding-up very well during this broad market volatility.
This year has been reflective of each year … AAPL’s nature!
APPL(Daily) :Bearish Wolfe wave.