Wednesday, February 20, 2013
AAPL makes $115 million a day, $1 billion every 9 days--and Wall Street wants you to believe Apple has problems!
FoxConn has a hiring freeze! Oh My! David Einhorn, is being a crybaby in the footsteps of Ackman, and is crying before a judge because AAPL won't give him some cash--and the stock he touted as the next trillion dollar market cap is down for his fund! Oh My!
Meanwhile another day, and another $100 million in profit for AAPL. Oh yeah Wall Street--AAPL has problems--sure! They have problems in where to invest their $139 billion dollars of cash! Heck they even threw $3 billion in mutual funds!
And even Jeffrey Gundlach opines since AAPL isn't giving him any cash to invest. So he says that AAPL could go to 300! What makes him think AAPL is going to split their stuck?
Another pundit, and another seer and another fool, selling the public Wall Street's latest fairy tale!
Meanwhile, in Bloomberg land, Betty Liu is asking what can we do to "save Apple?" Save Apple? From who or whom? From making $100 million a day??
The chatter from the pontificating pundits, and the hedge funds who now treat AAPL as though it has has Legionairre's Disease, because some of their high and mighty brethen have decided to exit their position, and their kids have bought a Galaxy?
Who cares? Who really cares? They'll be gone with their rants and raves, and every 9 days, AAPL will make another billion dollars, and the holders who buy here at these throw away prices, will once again, profit from Wall Street's stupidity.
Go ahead--and take a bite!
Posted by Palmoni at 9:51 AM