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Apr 21, 08 - 08:23 am Comment from: ron

Whatever happens on the 'street', the stock will drop tomorrow and then come back up in a week. The stock is manipulated ALL the time. Put that in the bank.

Richard Gardner covers Apple at Citigroup. His name is absent from this item.

One of the largest shareholders of Apple shares is also one of the largest shareholders of Citi - Prince Alwaleed Bin Talal Alsaud.

Conclusions? Anyone? Yes, you, go ahead, connect the dots for us.

Apple always bids low...the street has figured that out and will bid higher...eventually this strategy will hurt Apple.

Is this Prince Alwaleed Bin Talal Alsaud the dude who poured money in to AAPL when they were at 12?
Anyone want to do the math? Not sure how much he put in at that time. It's a shame that MicroSoft sold their shares in Apple. It would have slowed their death spiral speed.

"none of which should shock the Street"

fingers crossed.

Apr 21, 08 - 09:43 am Comment from: What?

@ Tom
So you think it's all bull do you Tom? What part? You think Apple sales are down, should we all sell, what's your bet?

Well citigroup did just wipe off 9000 employees... so, ...

"Citi expects Apple to guide 2CQ revenue flattish sequentially, gross margin down sequentially, and EPS down sequentially, none of which should shock the Street,"

With the economy in a recession and possibly skidding into a depression, it's remarkable a discretionary/luxury maker like Apple could achieve ANY growth.

Then again, we'll see how bottom-feeders like Dell fare in the months ahead...

Does Prince Alwaleed still hold his Apple stake? I thought he had sold.

My eps target of $1.30 no longer looks like a blowout when you have analysts raising their eps target to $1.23.

So, the stock is up 4% today, there's your price bump Thursday, here today. The only problem is that it is more likely to set Apple up for a selloff.