Tuesday, October 21, 2008

AAPL Earnings!!!!!!! WOW!!!!


ha! don't touch that thing!!!!! PLEASE! Something smells bad with the After Hours reaction. We are smarter than that. I will be looking to short the opening gap higher.

peace.

9 comments:

John C. Lee said...

why the heck was it halted for like 40 mins...did that happen last q?

Stewie said...

nope!

phantasmix said...

It was so weird. Jobs had once said he'd only halt for bad or significant news.

Was it that significant? mmmm, ... no!

MatchPointTrader said...

Hey Stewie - I know their guidance isn't great - is it why are you thinking of shorting? Since they beat the estimates for this quarter - in pre-market aapl is trading higher. Wouldn't be any short squeeze there? Just trying to understand the strategy. Thanks much

Stewie said...

Matchpoint: AAPL halts trading in after hours, releases earnings that were good. But lowers guidance, stocks drops and then it takes off to rally to $103(up over 10pts). Bullshit! they lowered guidance by a mile and the stock doesn't deserve to rally. This gap up is a gift to short it. it's already well off it's highs and i suspect $90 soon.

MatchPointTrader said...

Thanks Stewie for quick reply and detailed analysis. I will surely keep an eye on this one. I might buy some puts but they are expensive. Lets see.

MatchPointTrader said...

Hey Stewie - AAPL did go down during the day after high gap up but it still did pretty well compared to rest of the market. Do you think people just neglected their guidance thinking that the guidance is overly cautious? Or was it a short squeeze? Today's volume for aapl was definitely higher than avg. volume. Thanks.

Anonymous said...

Apple reported earnings of 2.69 when analysts were expecting 1.11. earnings are up 125% YoY. the stock is trading at a single digit P/E. that is why there is a bullish bias.

MatchPointTrader said...

Thanks much anonymous.

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