Apple Inc stock is on sale, 20% off, buy now win a chicken dinner! Yes Apple
Inc stock float is on sale but where are the buyers. Is there a margin worm
in the apple?
Six months ago if you write a blog post in a negative way about Apple Inc
and the 'Apple Dogma' crowd sent you very well worded emails of how wrong you
are. In love they are, with a pretty product! Shucks! Sure a good company,
sure a great balance sheet, but at what price. It seems the market is still
working that out as negative margin pressure is attacking the well respected
product line.
For the retail investor to buying within the current consolidation is fraught
with risk, because there is no sign that the institutions are making a stand
(Wyckoff: Sign of Strength), so until they do, you had better not.
The Wyckoff accumulation pattern that is followed by a bullish break out has
yet to under go a sign of strength from the bulls. No buyers here yet !
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