Fundamentals mean nothing sometimes
Sucks to say, even when this thought puts people like me in a greater advantage while trading. There are reports that iPhone production is hitting some 40M for the year. Crushing the 25M estimates, yet the stock is taking a hit. (article)
Up is down and down is up in this crazy market. Based on what the chart says, around 145-150 can be seen. (Which puts a PEG of 1.17-1.20.)
The universal question I will keep asking is… what is cheap enough?
