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iCantAffordIt

By Ilene
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Courtesy of Karl Denninger, The Market Ticker 

Oops…

Big earnings miss and…

You know those big bets on the iPhone?  Well….

Shipments missed and so did results.  Of course this will be laid off as a "one shot" with the explanation being "waiting for the 4S" – uh huh.

We’ll see about that.

Incidentally, if the holiday goes bad they’ll miss again and then all we need is (another) option backdating scandal to finish it off.

smiley

More once I’ve had time to go through the numbers, but I don’t like this at all from a chart perspective:

STAY AWAY. 

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