The Apple numbers were nothing short of staggering. The weakness started when the jackasses over at SNDK warned of how badly they sucked and how their handset sales were in the gutter. What people do not realize is the non-existent exposure SNDK has to AAPL. If you want a real levered play to AAPL, look at AVGO.
The SNDK numbers meant nothing. AAPL is Godzilla and everyone else is Japan. Therefore, it is my belief Godzilla will stomp out some fucking buildings tomorrow and eat the people inside of them, using giant antennas as toothpicks. Tech should rally, led by chips. But it might be a one day event, which is why I am heavily long grandpa stocks, like GIS, KMB and WM.
For the month of May, I am cautiously optimistic, with a paranoid eyeball fixed on the ongoings in Europe.
Off for a late night ride in my new calash.If you enjoy the content at iBankCoin, please like our Facebook page