Wednesday, October 2, 2013

Apple Impressions

As much as we enjoy the narrative, we're pretty confident that even if Carl Icahn didn't show up on Twitter this past August and lit a match, the stock would still be in close vicinity to where it currently resides. Of course holding 10% of all corporate cash after digesting a very large momentum breakdown will bring out a few players to the playground. 

Either way, we continue to feel the stock will work its way back up the mountain it built last year. 
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"We are all the subjects of impressions, and some of us seek to convey the impressions to others. In the art of communicating impressions lies the power of generalizing without losing that logical connection of parts to the whole which satisfies the mind." - Camille Pissaro