Do you believe in the experts’ opinion? How often do you listen to those who make their living by analyzing the markets? Well, if that is your habit, then you should know that these people are not really impressed and fooled by the recent surge in the performance of AAPL shares. Moreover, there is talk that Apple is not going to keep on with gain and what we have been witnessing for the last couple of weeks a merely a retracement on an overall downtrend that is not going to reverse anytime soon.
We all remember that Apple had a bad time after previous model of iPhone came out. Pricing for the model was so uneven and so badly thought through, that investors simply didn’t have enough faith in the stock of Apple as well as high earning level of the company. With that being said we were all watching this year’s launch of Apple iPhones and their pricing. And we all sighed when we saw that Apple learned their lesson. But it seems that even that is not going to improve the situation for the conglomerate. At least not in the nearest future.
Industry is trying to do its best to make us buy more and more of the newest phones, but the truth is that the market is over-filled with phones and gadgets. We simply do not need this much. This means that from now on we need to get used to the fact that companies dealing with mobile phones are going to experience falls and declined more often than we would care for. And Apple is not going to escape this fate as well.
What do you think? Will you still use our trading signals to trade AAPL? Or will you switch to trading signals for other assets?