Someone yelled fire in the theater where the hedge funds were safely booking their year-end profitsand as traders do, they will trample you trying to be first to get to the exit, said David Greenberg of Greenberg Capital.
and all the stocks that are up will lather, rinse, and repeat.
What would have happened if someone had yelled “Surface!”, or “Nexus!” [/obscure reference to Kindle Fire tablet]
The ‘new ipad’ and mini are clearly underperforming. Apple is one of those stocks that’s been such a bubble it’ll probably lose 50% over the next 3 or 4 years and stagnate at 200. Just like it did from the 80’s to 90’s.
Android Dominating Surging Smartphone Market
Thursday, November 15, 2012
I was at a local “mall” today, something I do about once every six months.
The Apple store was mobbed, with a 10 person line waiting just to get to the door where there was a “bouncer”.
The Microsoft “Surface” kiosk had 5 employees and no customers.
Defending weak patents thru litigation is expensive when they put up a fight and sue you right back.
Look at the example of Apple I. Only game in town, Apple makes millions and stay’s proprietary. IBM comes out with PC and open architecture, the world is quickly swamped with PC clones and Intel gets 90% of the market.
Apple is running the replay with Iphone vs Android.
I am still amazed that there is no outrage by the MSM and progressives that most of Apple products are made overseas. Where’s the union protests? Where’s the progressive indignation? Why is the Food Stamp President not slapping tariffs on Apple products? Where is the MSM questioning the Chineese paying slave wages for Apple production workers?
Couldn’t possibly be tons of individuals with long-term holdings rushing to sell before the capital gains tax rates go up next year, could it? Nah - that would NEVER happen - Obama told us so!
When founder leaves hard to fill the place up with perfumed CEOS