|You gotta be kiddin' me.......Sculley!! WHY???|
The next few years under the soft spoken, stable hand of Sculley's leadership spoke volumes about corporate America as Apple was driven into the dust. As the company began its death dive they even replaced the smooth operating Sculley with the more flamboyant Gil Amelio. Eventually the board had enough of Job's old hands to gather the votes to bring him back to a failed company for the feat of a corporate lifetime. The rest was history. What's even more ironic underscoring my scorn for our dying country is the fact I had to listen to John Sculley on Bloomberg Radio this morning giving his expert opinion as a regular contributor on a myriad of subjects....INCLUDING Apple! Is that not the most cynical commentary one can possibly imagine in a country in decadence. Ask yourself WHY someone with Sculley's history could have any credibility ESPECIALLY with Apple so dominant in the news and this country SO DESPERATELY needing a new direction to restore CONfidence?
Apple as evidenced by the comment of all hands going up is ALREADY OWNED BY EVERYONE THAT IS GOING TO BUY ITS SHARES. We don't have more buyers now only sellers. Beware playing this stock long......directionally we are headed down......of course there will be violent short squeezes at points but this will be tough to trade long.
Next on the agenda is the metal market. Without boring those of you that follow this closely we are still needing to shake out players so short term more weakness is possible in the metals and miners but long term I can hold and sleep at night. The miners/short and the bullion/long pair trade is off. That is a positive for the intermediate and long term. I have to agree with the KWN pumpers on the miners. Its the best gamble in the paper market sectors that I can play. Remember its paper and remember its pure danger. If you haven't figured out how to buy bullion yet then you need to just concentrate on the important things in your life like family food and shelter. gl