i dont like the fundamentals & think in long term time horizon, how much higher can apple really go? it already makes oil company cashflow, its not going to double that. not when half that money is made on 1 gadget thats lost its edge.
fact is, the competition in its core space keeps getting tougher. Not only are there more smartphones, there are more tablets, tablet/laptops, more everything. its not the leader in UI anymore.
since jobs has passed, nothing new has happened. the most anticipated gadget is the watch & the early buzz is lacking innovative new uses. it will be a great running tracker. hurray.
i would short at the watch release. any sneeze in sales will push the stock back into a lower range & thereby put a ceiling on a short position.
