The Arora Report provided a timely alert to its paying subscribers on AAPL prior to earnings and before the big stock drop.
This post was published on ZYX Buy Change Alert.
ALERT ON AAPL PRIOR TO EARNINGS
AAPL is long from $18.71. It is trading at $104.67 as of this writing. Partial profits have been taken. AAPL will report earnings after the market close. There are very negative whisper numbers floating around. Lots of bearish bets are being made.
AAPL derives over 70% of its profits from iPhones. Consensus is for an 18% decline in iPhone sales.
Considering that Wall Street positioning is negative and sentiment is negative, there is a fair probability of the stock going higher if the projections are not too bad and Cook can focus the market on iPhone 7 the stock may go higher. However if projections are worse than the whisper numbers, the stock can go back to low $90s.
What To Do Now?
It is a matter of personal preferences, for tracking purposes, we will continue to hold the stock.
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