Apple: Seven Reasons Shorts Can't Sleep At Night
by Jason Schwarz
The bears have been in control of Apple since the correction began on September 21st. If their reign is to continue, it's going to occur because of Apple's deteriorating fundamentals because the institutional/fiscal cliff re-balancing that was caused by Apple's strength (74.5% YTD gains as of September 21st) is now over. We're seeing a healthy dose of uncertainty ahead of the January 23rd earnings report in large part because Apple missed earnings estimates last quarter. Aside from the noise of these pre-earnings jitters, the real question is...how do the fundamentals look? read more »
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