Long Term Bearish on Apple
My target for Appl is 58.10. That will be a nice 1.628 projection from the July 21 high. From a fundamental perspective, and as a long time Apple fan, I think that Tim Cook and Co are taking huge sums of money in pay and options and not doing anything to create the "next big thing". I've been in the tech business a long time and have seen many dominant companies go extinct. Anyone remember Ashton-Tate, Lotus or Novell?
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