I have been posting that all that paper wealth getting wiped out in China’s plummeting stock market would make Apple sales bomb out in China and all of Asia.
China stock market is down 33% and Apple shares will exceed this. My opinion and prediction
http://www.bloomberg.com/research/stocks/snapshot/snapshot.asp?ticker=2354:TT
Foxcomm is down 25% in the last 40 day. Foxcomm is Apples Chinese mega-factory partners where the workers are driven. Some have called it slave labor
The homo-nazi CEO will have fewer millions to spend on oppression. His sycophant customers don’t care.
I bought some at 114.80. Will buy more at 104-105. Will sell ammo, guns, beer and toilet paper to buy some below 80. Its a growth stock paying a 1.9% dividend that is 40% cash. Hard to get that anywhere else. We are seeing the scared cats and margin calls with news of china doing this. WIll I own AAPL in 5-10 years? dunno. Next 2-6 quarters! You betcha!
It’s just a flesh wound. (;>