Kanon8260

Apple scare the shit out me

Short
NASDAQ:AAPL   Apple Inc
Looking for history the last time apple recover so quicly was in 2007 it recover for 4 months then start to droping like hell, the question what justify apple trading at these levels, all fang not only absurd overbought, RSI Of stocks are in the 80, like msft, dis, amzn fb, the question you have to ask is why now? we are in a bull market so quickly you see in the times before that apple as fully recover always has double bottom, apple did not do that, also looking at fundamentals, during the last 5 years apple has diluted their shares nearly 19%, so EPS Look Higher, there is a lot of speculation with this stock, i think is the most speculative stock in wallstreet after tsla nflx all and amazn, i get msft has double digit growth but what has apple last quarter iphone sales decline 15% YOY and thatis 65% of his revenue, the claim services is just 10% of his total revenue, even if apple doubles that in 2 years, they have 10 years of the same product,no major changes beside better screen camara and processor, wallstreet always oversale this stock like is the best company in the world, people are buying iphone XR More than 10 thats why they are not even revealing how many units they sell, wallstreet in matter of months take apple again to hit 1 trillion? like a nothing happen, there is a lot of questions regarding the future of apple, i get is a good company, but is not was used to be, they need a new product, now all people buying the stupidity of services like is a big deal, i think apple could cut guidance, market is not expecting so much move because of volatility but look what happen with intel, everyone was so bullish and then earnings fall 10%, with volatilty at 12% dont want to imagine with vix at 20, so, i think apple could fall 188-190 the next week but who knows, these irrational market im all in short here, i just buy 195 puts May 17 GL To all traders!
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