How did Apple sneak up to 120 without anyone shooting up a flare? In fact, since March 6 Apple has increased in worth 35% and the Dow has increased 21%. Is good news not news?
Sure there are more job losses but when an economy recovers from a recession the jobs are the last thing to recover. First it is the stock market. Apple gained on Thursday and the typical profit taking on Friday did not occur. This is no dead cat bounce but a stiff rebound.
I'm not making money because I never took it out of the market. At least I didn't panic sell at a loss though at times my heart was in my stomach. While not quite back to square one I'm very close. Hafta see what the future brings.
I've read the market is always ahead of the economy by at least 6 - 9 months. If this is true Apple is poised for a really big jump. We'll see.
According to TSC Ratings: (came out today) "Net income increased 1.5% compared with the same quarter last year to $1.6 million. Revenue increased by 5.8%, and earnings per share also improved. Apple has no debt to speak of and a quick ratio or 2, demonstrating its ability to cover short-term liquidity needs. Its 36.3% gross profit margin is strong, having increased from the year-ago quarter, and its net profit margin of 15.8% is above the industry average. Net operating cash flow increased 41.3% to $3.9 billion compared with the year-ago quarter."
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