Apple (AAPL) stock is a perfect example of how psychology, fear and superstition enter into stock prices as much as do measures of valuation. Any predictions for this afternoon’s earnings? In general, here’s a field where regardless of what happens, “experts” never have to say they were wrong–especially about Tech. So, certainly we don’t. Thus, a wild guess–AAPL (currently down 300 points over its high) goes up with earnings, but not massively (~5-10pts). Still, there’s such a fear of its being “RIMMED” (i.e., dramatically losing its status as top tech, as did Research in Motion), that it may be beaten down some more.
(To be placed in rejected posts blog)