Where to go from here? Revisit intermediate trend low at 382-ish (I adjust for dividends) where the SMA-200 weekly’s also headed?
Regain some composure above 419?
Stay in some rangebound purgatory somewhere between 380-420?
Who knows. You won’t find anything remotely resembling “actionable intelligence” here, more like stream of consciousness. For the love of your brokerage account, do your own due diligence. But, like many, I’m pretty bearish on the price action right now.
Disclaimer: Long AAPL common, “short” AAPL put spread
So iPad starts life as a Spring (April 2010) launch.
The cadence continues fairly predictably with iPad 2 in March 2011 and iPad 3 (A5X SoC-based, Retina) about a year later.
Then Tim Cook declares Apple’s keeping its foot on the gas pedal, launching iPad “4” (A6X-based) in early November 2012, interrupting that previous cadence.
Here we are in Summer 2013, and…nothing iPad so far.
While it’s true that Apple’s A-series chips are being increasingly customized for the 9.7″ iPad and iPhone line (due to display requirements), and it’s safe to say the A7/A7X takes some time to develop, one wonders if Apple hasn’t decided to tie iPhone AND iPad to new iOS releases now, where it was just iPhone before.
Like anything, there’s benefits and risks to that approach. I don’t think Apple wants a reputation as the company where Not Much Happens for the entire first half of every year. It’ll be some time before we can better evaluate how Apple extricates itself from that relative product logjam from last year, where iPhone 5 was only the beginning of Apple’s massive product turnover.
What’s the AAPL Tree?
A blog about the fruit-themed company that two Steves built (and one Steve rebuilt), ranging from fundamentals to products to strategy to Technicals for Dummies because I feel like it. Think of it as a free-form-ish, multi-topic Apple (the company)/AAPL (the stock) enthusiast blog without any pretense or claim of expertise, and you’re most of the way there.
Discussion is welcome, but discord will be ruthlessly crushed. Er, as soon as I figure out where all the buttons are. And there have to be discordant visitors too.
And for that I need visitors. Can’t forget that.