Apple Inc (AAPL)

[ljk]

Cotton: Disappearing post. Second try!

You were shorting AAPL for a long time, but you rarely made money on it, as I recall??? I said way back then that you had a grudge and you did have a grudge. As you say, you lost 25 points or so in a day or so. Very rough. My point then and now is that your grudge interfered with your usual clear judgment, and you made poorer decisions about how to manage your AAPL stock as a result. Shorting just because you're mad at the company... you know, I don't have to go on.

I have taken lots of hits in lots of stocks, lots of times. This isn't a contest between who has lost more money in the stock market. If it were, I bet I'd win. :) But what do I win? Aaaargh!

This Apple failure had nothing to do with selling on news or any of the usual stuff. This was the kind of incredible bungling that no one could anticipate. SJ should take a personal penalty on this and distribute all his shares to me and the other stockholders who are taking a hit on this unprecedented incomparable incompetent display of poor management.

If they'd announced the iMacs as they were expected to announce them, at WWDC, according to Merrill, then the stock would have just continued on up, with the usual consolidation periods and such. Now it's going to riccochet (sp?) around for a while. The whole company can't be reduced to three months of iMac sales; there are lots of good things going on for Apple. It will survive this. Some will take this as a buying opportunity. Stock got near 30 in the pre market, but it's coming back a bit now.

It's been hit, no doubt about it. And I know you suffered even worse.

As for Merrill, I can't fault tfx, or whatever he calls himself now, for posting that because it has material relevance to trading or investing in the stock. To imbue posting it or Merrill themselves as criminal for accepting Apple's opinion, is just... criminal thinking. Merrill's analyst opinion does influence the stock price. Merrill took Apple's info, expected the iMac, put a BUY on the stock with a 39 price target, expecting things would go as they did with their prior recommendation, of BUY and 32. This time, Apple screwed them and Apple stockholders equally.

Linda