Down big after hours...
I sold out completely awhile back (very small positions) now watching the circus from the sidelines.sw
There was no earnings miss. They beat the street's estimate by 2.5%, and they beat their own guidance by 17.5%.
Kahuna saysMy cost on Apple(AAPL) is $5.125 per share. Disappointed with this quarter's Big Earnings miss, the negative reaction is probably over-done.Some people do believe the stock could settle around $425 per share. For Apple, Expectations were simply way, way too high.My cost is about the same, and if the stock is still in the 400's when I (or my heirs) finally cash out, it will be no tragedy. However, after watching the stock and the company carefully since the IPO and working daily with Apple's technologies since 1979, I am convinced it is the most underpriced stock on the market. The high expectations were right all along, and they are still right.
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