Maybe we should just blame these estimate hounds who keep getting the number of iPhones sold wrong. Maybe we should just say they should keep their mouths shut because we all know Apple's (AAPL) quarter was a good one. However, we have to endure number cuts based on future iPhone sales that might not even be any more right than the ones people got wrong tonight.
And the stock goes down, taking down with it all of the former darlings like Avago (AVGO), Skyworks (SWKS), Cirrus (CRUS), NXP (NXPI) and Qorvo (QRVO). Is that right? These stocks are just one big iPhone stock, so they live and die by it. (Apple and Twitter are part of TheStreet's Action Alerts PLUS portfolio. Skyworks is part of the Growth Seeker portfolio.)
There are so many mistakes being made that I find it painful. We know Chipotle (CMG) has an incredibly difficult story right now because it has to worry about pricing and sourcing, and neither of those can be captured by a headline. Yet people insist on doing so and they bolt only to find out how wrong they were to do so within a few minutes of the actual call.
If you know anything about GoPro (GPRO), you know the issue is the future, not the past, and those who are doomed to think otherwise are, well, doomed. They sold, no doubt aided by the panic around Apple when the GoPro 4 might be the next big thing.
As for Microsoft (MSFT) and Yahoo! (YHOO)? One's about transformation to the cloud, which can't be captured by a headline, and the other is about a tax break to offload Alibaba (BABA), again, not capture-able, but people insist on trying to do so anyway.
I can't stop people from making snap judgments. I can block the snap judgers on Twitter (TWTR) and blast the heck out of them here and on my shows.
So I will.