3 ms·
It seems most of the incredible performance is already priced in.
by ant6n 6y ago
It seems most of the incredible performance is already priced in.
- qeternity 6y agoMost people don’t understand that bank analysts (the people whose estimates get averaged for every “Apple beats estimates” headline) are complete jokes. Research departments are there to support the sale of bank services, and making management look amazing by having lowball estimates creates good relationship with the IB desks. The markets trade on whisper numbers, which are what people with skin in the game are expecting. This is why you often see a name that beats estimates and drops...it’s because they missed the whisper numbers.
- microtherion 6y agoI doubt that this played a role here. Apple traded more or less flat over the quarter. If there were whisper numbers of even better results than what turned out to be a massively successful quarter, one should have seen the stock price go up significantly over the quarter.
- qeternity 6y agoNo, you’re missing the point. The “massively successful quarter” (which it was) is what the market expected. Which is why we traded sideways.
- ant6n 6y agoOr perhaps massive option interest is keeping a cap on the stock. Once they expire, maybe there´ll be a pop.
- microtherion 6y agoSo your argument is that the market anticipated the current quarter some 8 months ago? That implies a rather psychic level of prediction.