kaltbaum premarket

Well…we are starting to find out about why AAPL is so weak. The big money crowd figured it out and now the news is coming out,. IPHONE 5 just aint selling as expected. Fun to watch analysts falling all over themselves this morning defending the stock with the b.s. that “this is old news” and “we already knew it!” If they already knew it, why haven’t these analysts reported it.

 

NDX futures down because of AAPL. I continue to believe they had better change the weighting of AAPL whether it goes up or down from here. 16% is too much for one stock.

 

Otherwise, asia up, europe up…s&p only down a wee bit which is not bad considering the aapl.

 

This week, GS,JPM,EBAY,BLK,BAC,INTC,GE,C,MSSTI and a bunch others report.

 

As far as EBAY, it is set up to go higher but it is a toss of the coin going into earnings. Without a cushion, I am always apt to not want to own… EBAY reports after the close Wed…so have a couple of days to see if it can get moving.

 

No additional plays this morning…hoping market sits in here…still extended going into earnings season.