Gravity catches Apple — or vice-versa

Posted on Oct 08, 2012 by in Letters

We have always thought that Apple's media following was like the following of Russian troikas in the winter.  They have been howling at the company, especially encouraged by the death of Steve Jobs.  While the long term prospects of Apple have not changed (and they just sold 5 million iphones on its release) and nothing has changed there is some change in the stock.  Specifically the PnF chart of Apple  has changed to a bearish forecast.  Not much of a bearish forecast, 625, but in keeping with the present downwave.

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