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Sunday, September 8, 2013

Be ready to buy Apple again

Since I predicted that Apple could be on fire a few weeks ago, Apple has already made some explosive move. I thought it moved up too fast too soon and expected that it could soften towards around $450 as the next big move. Apple is going to announce its next generation iPhone on Tue, Sep 10. News also broke out that Apple will announce a discounted iPhone for China to tap on the huge smartphone market, for which it has not yet been successful. Usually this kind of good news should pop up the share price but it didn't. This is likely a sign that any good news is not new anymore for investors as it has been priced in. I think people may more likely to behavior as "buying the rumors and selling the news". I expect Apple will be batted badly in the very near term, which will create a great buying opportunity for it.

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