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Tuesday, 11 March 2014

Apple AAPL Weekly

General overview for 11/03/2014:

This is a herding psychology market model partialy based on the Elliott Wave Principle, partialy on VSA rules. It indicates more downside wave progression for Apple and the downside moves might be quite sudden and ruthless in nature. Target area is the zone between $275 - $260. Brace Yourself then.


Fundamentals:
By now you may have read about Cook snapping back at shareholders during the company's last annual meeting. If you haven't, it followed along these lines.
  • A proposal from a politically right-leaning National Center for Public Policy Research (NCPPR) calling for Apple to provide greater expense transparency of renewable energy/carbon mitigation efforts to shareholders failed overwhelmingly.
  • A NCPPR representative questioned Cook about the said expenses and requested Apple to avoid spending money on environmental causes that don't add shareholder value.
  • Cook responded, in part, "If you want me to do things only for ROI reasons, you should get out of this stock."
  • Cook reportedly said that there are many things Apple does because they are right and just, and that a return on investment was not the primary consideration on such issues.
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