In an article for TheStreet entitled "Apple's Scraping the Bottom of the Barrel", author Arne Alsin says "Don't buy Apple's stock. And if you own it, sell it." Alsin claims that while Apple has "cool" products, investors are looking for profit. He opines that Apple's retail initiative is merely a last-ditch effort to generate product interest; "It's desperation time in Cupertino, California."
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MacNN- maybe you should note that this is one of those- Yes we should buy this stock; No we shouldn't buy this stock type of story.
You posted the link to the negative editorial. Here is the link to the positive one:
http://www.thestreet.com/markets/faceoffcurtis/10002958.html
It looks like yet another person is out to get Steve.
....the multi-volume tone "Misinformed Predictions of Apple's Demise".
Hey, let him make Apple sound as bad as he wants. Whatever happens in the current recession, we can rest assured Apple will be around long after. (At cheaper stock prices to boot.)
Sounds like desparation to sell a book. His ideas are about as baseless as they come. Surprising though coming at a time when most of these people ( in the face of the obvious ) have gone back under their rock.
nuff said.
People have been saying this for the past 15 years. "Apple is going down the Tubes" Apple will never survive. things like that. All I need to say is Heard it all before and guess what Apple is still here. frankly I'm sick of hearing it. I wonder what would happen if an analyst said those things about M$. Apple has turned a Profit almost every quarter the past 3 years. So this is just crazy.
At the bottom of the page:
[quote]
Under no circumstances does the information in this column represent a recommendation to buy or sell stocks.
[/quote]
Really?
[quote]
"Don't buy Apple's stock. And if you own it, sell it."
[/quote]
That sounds rather like a recommendation to sell.
:-/
-Ster
how many of these have we had since the 80's - and in light of earnings and sales (the things that truly drive real value) - he's full of it.
wanna bet he'd be first to make some money buying cheap apple stock if this sort of tactic works?
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MacNN- maybe you should note that this is one of those- Yes we should buy this stock; No we shouldn't buy this stock type of story.
You posted the link to the negative editorial. Here is the link to the positive one:
http://www.thestreet.com/markets/faceoffcurtis/10002958.html