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AMERICA'S "MOST LOVED"                                            COMPANY IS BREAKING DOWN

5/18/2013

2 Comments

 
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MARKET CONDITIONS


Profile:  Apple Computer

AMERICA'S "MOST LOVED" COMPANY IS BREAKING DOWN

Apple investors are learning an important lesson on the value of being a contrarian.  Apple remains one of the most popular brands in America this holiday shopping season.  The company will sell tens of millions of iPads and iPhones during the current quarter.

Buying popular names is fine for consumers.  But as today's chart shows, for investors... it's often a recipe for losses.  About three months ago, investor Steve Sjuggerud summed up why he wasn't buying Apple shares... "Apple shares will peak when there is nobody left to buy – when everyone who wants to buy has already bought... At least in the near term, we may be getting close to that point." 

In short, investors and Wall Street analysts were in love with Apple, making the stock a poor choice for contrarians.  Since peaking on September 21, Apple is down 27%, and shares are hitting a nine-month low. There's no telling when the downtrend will end, but contrarians should take note: Apple is much less loved today.

– Larsen Kusick

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2 Comments
exquisiteone link
9/27/2013 08:00:29 pm

Found this from the Weebly directory, great blog.

Reply
Singapore Shelf Companies link
2/15/2017 04:55:07 am

A debt of gratitude is in order for the blog entry amigo! Keep them coming...

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