Found a Worm in the Apple
Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions.
[PostStockWidget stock_valuation="" pricetype="live" manual_date="Dec. 21, 2012, 2:04pm GMT" symbolcodes="'AAPL'" symbolprices="95" div_align="right"]
We recommend talking the loss in Apple due the decline in the most recent quarterly earnings – note that this is the first decline in EPS in at least 10 years.
We originally paid $535 for AAPL on December 6th, 2012. The trend in EPS is disappointing and a sign that the happy days of growth and innovation have stalled.
In spite of the positive news that AAPL is raising dividends and buying back shares which will aid growth in EPS, we are surprised that earnings have not done better. Note the clear break in the upward trend of EPS in the chart below. We believe that we can execute other positive trades in the interim and re-examine the stock once the earnings turn.
EXIT APPLE ABOVE $USD 400 (AAPL-US, $USD 400)
