AAPL's Whopper

As I mentioned in an earlier post, when MSFT issued a dividend it was the end of the growth phase for MSFT. Core short positions in AAPL are still in place, no AAPL longs, the long term charts just look too bad as you can see in this update from today, pay attention especially to the longer term 60 min chart.

The above post is interesting to re-read as it shows very clearly that the AAPL bull flag seems to have been constructed rather than being natural and there's no accumulation in it, take a look at the post again, this may seem paranoid, but these are the kinds of games Wall Street plays every day although this one took a little more effort.

Earnings:

• Revenue: $35 billion versus street expectations of  $37.1 billion

• EPS: $9.32 versus street expectations of $10.36

• iPhone: 26 million versus street expectations of 29 million

• iPad: 17 million versus street expectations of 16 million

• Gross Margin: 42.8% versus street expectations of 44%

• Mac sales: 4 million versus street expectations of 4.1 million

• iPod sales: 6.8 million versus Morgan Stanley estimate of 5.9 million

• September quarter revenue: $34 billion versus street expectations of $38 billion

• September EPS: $7.65 versus street expectations of $10.22

• Apple's cash on hand: $117 billion, up $7 billion from last quarter