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3300 or Bust (Part III) - Moday 2/24/2020


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APPLE....THE MULTIPLE EXPANSION FILES

Apple is simply over priced at current levels

There is no way around this simple fact.

Its been fundamentally a multiple expansion story.

From 6 times FCF to 24 times FCF in 7 years.

(FCF - free cash flow).

Multiple expansion comes to an end eventually.

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8 hours ago, MisFit Kid said:

Futures showing SPX 3300..........

Do you really think it will get that high? 

 
 
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I'm a bit surprised by the power and speed of this drop. 

OK, more than a bit. I knew we were primed for some short term weakness. But 800 points in a day? Hell no. I think that they'll recover most of this, if not by the close, by the end of the week. On the other hand, if they take out the morning low, then we are in an honest to goodness crashola. 

 

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