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Time to make it rain with Charles Payne let's try to do you -- that -- and everything well Charles is here for his.
-- here's the -- -- a couple of breaking story today and that's the stock dropped we're seeing it.
Apple it's down more than twenty bucks and what we know about it you know there's a couple things as an official report out talking about -- losing market share potentially losing more markets here in the future and obviously that's coming out there listen they do have real competition.
Another thing that's been lingering -- sort of Tim Cook -- no no longer being able to ride this sort of the Steve Jobs hotels in other words no longer getting the benefit of the doubt.
And a lot of people questioning where they go from now from here under his leadership you know and the big thing over the last -- -- -- -- has -- -- -- -- in other -- The stock is breaking a key support point work it just totally.
Going to pure free fall to all technical that's all technical but that's the sort of a mostly driven stuff that feeds on itself blitzer have you ever so that they can -- -- stop on the stock at 57 the right and it's 57 -- and everyone else like dig itself and go to 560.
That triggers your stop the nearest stop everyone that -- Europe's top goes about that the you sort of get this domino effect and end it no longer has anything to do -- fundamentals and it's all mostly driven and technicians -- -- -- at that point right now.
And what one thing about this this -- Charles that you mention that Tim Cook like he's no longer in the glow of the Steve Jobs there he saw a bit.
You cannot make enough about that screw up with the apple maps and in this subsequent management changes that followed.
Because again there was a major foul up that probably would not have happened under jobs regime.
And if it had happened and the jobs he still would have had enough cred amongst Wall Street because remember it every apple earnings report.
Wasn't always great there were times they would have a little -- with this segment of that segment but history and say you know what.
It was a component issues they didn't have enough supply -- never put the blame once Steve Jobs.
He developed and he had that sort of credibility amongst Wall Street investors and traders.
Tim Cook was able to ride -- but now the ball squarely -- your point.
The first time at bat he struck out it's in now.
You know what people are saying maybe this is not -- and it's been such a great performer for just the stock for so long when something like this happens how do you personally.
Look at it well I've talked about this in the last couple -- -- one in one of these make -- money -- -- -- and I -- -- in my retirement account but I would not add to the -- yet I -- 47%.
In the past year over it's it's a juggernaut by the way almost everybody that uses any sort of real fundamental analysis but you know basic traditional valuation -- to say this is -- stock forget about the share price this is literally should be -- thousand dollar stock based on its rivals and the other kind of valuations they command.
Maybe you know what -- -- forces them ultimately split the -- where they can get more individual investors that is sort of rekindle that excitement about the stock.
But I think -- more focus on products and execution that stock price right now having said that Connell.
I'm not gonna add to my position.
Until I see some sort of numbers that suggested they're gonna turn and -- never talk more about apple coming up but thanks got Charles -- thank you Charlotte.
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