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Health & Fitness

Putting Your Loot on The Fruit, Part 2

Apple Expands Its Sales Despite Doomsday Analysts Bad Calls

Hopefully, many of you have bought  into a piece of the Apple Pie since I last blogged on this subject.  If you have not bought Apple stock, you are missing out one one of the most prolific stocks in the history of the country.  Apple blew away earnings estimates yesterday, but more importantly Apple exposed a glaring weakness in the stock market that should be a concern for many 'retail investors.'  The concern is that stock values of otherwise great companies are being affected by these so-called analysts who caused Apple to drop to 550 a share in the last week from a high of $644.00.  These analysts extrapolated that since Qualcom could have an issue producing chips and that since sales of iPhone 4s' were less at Verizon and ATT that these events foretold a poor Q2 for Apple. These analysts also throw as many roadbloacks as they can against a company like Apple using the so-called 'Law of Big Numbers,' as another reason to dilute the value of the stock.

Well, they were all wrong including the hedge fund expert who saw Apple at 522.  The point here is that we need Wall Street reform here making these analysts financially responsible for their words based on the manipulation of stock prices.  We also need to look at the Options Market as this market also manipulates the price of stock, despite fundamentals such as earnings.  Americans lost Trillions of dollars in 2008 and they are being coaxed into the Stock Market given the lack of return on bank deposits.  How can one stay with a bank paying 1, 2, or 3 per cent when you can make 60 per cent in the stock market in 4 months? So why not put your loot on the fruit? Apple was at 400 on January 3 and now is in excess of $600 a share. 

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