Apple Inc (AAPL)

[tonyb2232]

Apple stock is not a buy at this time even at these levels. California is monitoring at least 8,400 people for the coronavirus, with only 200 kits available, the contagion has begun while still vastly underestimated. CDC has clearly set the expectation while some overestimate the capabilities of the government to contain the outbreak. Expect supply shortages and minimal demand as Apple purchases are delayed effecting both start of school and Christmas season. The delay in purchases will be lost sales and not pent up demand that will materialize in later sales as so many have stated. Apple services expected to do well during the contagion but will not cover the expected product losses during the next two quarters. Expect pricing to bottom out between $50 to $150 during the next six months and stay within this range during the next year because of supply issues.

https://www.cnbc.com/2020/02/27/california-is-monitoring-8400-people-for-the-coronavirus.html