How Exposed is AAPL?

The longstanding rumor is that earnings will disappoint.  The more recent rumor — which has kept the stock on the rise all day and into the after-hours — is that the company will greatly increase the share repurchase plan and dividends.

I have no special insight or inside knowledge about its earnings, unit sales, or plans to return our money to us (a bribe, to continue owning its stock?)  But, if it does disappoint and the stock takes a hit, just how exposed is it?

Short answer, a lot.

A drop below Friday’s lows could do quite a bit of damage.GLTA.

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