Friday, 1 June 2012

Opinion on APPLE today

Dear Friends,

I have little doubt that that APPLE looks strong. She is waiting to burst through $580, which seems to be small resistance now. It is only a matter of time that she break through.

See my article yesterday:

I mentioned that $580 is the last barrier for it to fly. Today it opens high at $581 before collapsing to $571. Now it is back to $579. Can't break through convincingly yet. I thought that it has a chance of gapping up today, but it didn't as the economical reports did deter it from flying today.

Like I say, this maiden APPLE flight may be deterred if Friday reports are not good. So we have to see how the reports are 2moro. 

Yesterday one of the most respected hedge fund manager, David Einhorn, in Wall street commented on Apple, publicly gives his blessing to APPLE.

David Einhorn thinks it is one of the most undervalued stocks in US and provided his reasons.

By the way David Einhorn is a know shortist. He likes to study the fundamentals of stocks, and short those that could not justify its valuation.

He has received extensive coverage in the financial press for short selling Allied Capital, Lehman Brothers and Green Mountain Coffee Roasters stock.

His past track record:

Just one word from him, stocks can go down 20-30% in one day. Recently Herballife suffered a 30% decline in one day because of this guy too.

The thing is if David Einhorn gets his name behind this stock, I think we should too! Fundamentally it is so undervalued now.


·         美国联储局都不看好美国经济? 道琼斯昨晚闭市在 22412 点,涨了 41 点。 昨晚最大的新闻就是联储局的会议。联储局的主席耶伦讲了几样事情: 1)   第一: 联储局保持利率不变 , 但耶伦也表示今年还会加息一次。 这其实和原本的预测一样...