Browse > Home / After Hours / After The Bell: AAPL beats Big, But Outlook Was Weak

After The Bell: AAPL beats Big, But Outlook Was Weak

April 23, 2008 10:42 PM

I think the market really wanted to see what AAPl had to say to try and move higher here. They blew out the number, but profit forecast was rather weak. The market never reversed off any highs… and that is why the market has only been slowly sliding. There are reversal points in financials above however, as I warned, and that has  held the market from going higher.

With all that said, we still have a LOT of earnings to get through for some decent clarity of direction here. I still think the market is dramatically underestimating both the longevity and economic severity of the housing crisis however. Therefore, this market is still a buy the dips and sell the rips…as I mentioned about a billion times.

Written by Tom@StockBlade.com · Filed Under After Hours 

Comments

2 Responses to “After The Bell: AAPL beats Big, But Outlook Was Weak”

  1. brooke on April 24th, 2008 5:57 pm

    thanks for this website. i appreciate it so much

    brooke

  2. Tom@StockBlade.com on April 25th, 2008 12:55 am

    Thanks Brooke….I try to help

Got something to say?