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6 comments

[–] Justintoxicated 3 points (+3|-0)

In a report released this morning, financial analysts Canaccord Genuity believe that in spite of yesterday’s report, the company is still fundamentally sound and they continue to recommend a BUY for Apple stock.

They're going to get slaughtered, Apple sales will continue to weaken until they become more consumer friendly, they're no longer innovating enough to attract new users. The fact that Apple makes most of their products in China coupled with increased taxation/pressure to pay taxes will lower after tax profits.

[–] jobes 2 points (+2|-0)

and they continue to recommend a BUY for Apple stock.

Who honestly believes these investor recommendations? The people who publish these benefit from an inflating price if you do buy and they'll be the first to pump and dump when it's about to go belly up.