Ernie Varitimos has a long history with Apple as an investor, trader and consumer of its technology. He started his career as a rocket scientist and has spent the past 25 years driving, controlling and influencing technology in the financial industry. Ernie is a former hedge fund manager and current futures trader.
The risk of this economy falling into a deep recession is too great.
It's becoming clear that many investors are still not convinced that Facebook's growth in advertising can be sustained.
The reality is that people don't want cheap Apple products, they want the good stuff, they're purchasing future innovation.
The "implied move" is the expected move of a stock after a binary event, like earnings or the announcement of a new product.
I called the bottom in April -- correctly. I reiterate my call that Apple will reach $1,404 by the end of 2014.
Analysts feel its their duty to tell Apple how to run its business, then say unfavorable things when the company doesn't listen.
The decline in Apple shares wasn't Tim Cook's fault. It was the institutional selling that had investors reaching for the antacid.
Apple's not broken. It might just need a new advertising campaign.
The change from clunky devices to untethered personal devices put the nail in the PC's coffin.
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