Apple below $640

 

 Apple is today below $640 and this makes profitable an eventual position opened upon my advice from August 21st 2012. My concept then was to be short on Apple, because the company is much overvalued. In fact iPhone 5 offered nothing revolutionary new so Apple continues to live thanks to the aura of Steve Jobs. But this can not be eternal.

 I am still with my prognosis that Apple will fall below $600 and even will reach $500. Anyway if you are conservative, now you can close half of the $675 short position and close another half at $610-620. Apple has too much cash to allow a rapid fall of its shares. So higher profits on short positions will require more time.

Dobri
October 8th 2012
21:48 GMT

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Dobri's prognoses are not regular forecasts of markets, but forecasts at moments when Dobri believes the processes are predictable. Generally most of the time the markets are unpredictable. But sometimes there are factors that well analyzed can lead to a good prediction. So these are the Dobri's prognoses.

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