I have watched many many companies quickly rebound from 20% corrections over a few months period of time. And, none of them were nearly the quality of brand, products, balance sheet, and growth that is Apple. Patience is all a long needs right here.
Sentiment: Strong Buy
here is the thing. tim cook could not care less about aapl stock price. he is only responsible for running apple to the best he can. what wall street does to the stock is out of his control. stop looking to cook for any action to move aapl up. it's delusional. i am all for a huge up for aapl. but cook is not going to help. no special div. no stock split. no stock repurchase. no china mobile in the near future. we are pretty much all alone here.
Could be costly to hold on. Lots of reasons to sell, not much reason to buy. Obama will raise taxes so tax selling is starting. You sell what you have. UhOh, now we have margin calls. Oh MY, we now have stop loss sells. What can we sell now. AAPL and GLD. Budget Cliff coming. Layoffs coming. Europe crashing. On and On, and On. Nukes for Iran, war in the ME. Coal mines shuttered. Electricity doubles. Carbon tax on the way. ObamaCare taxes coming. Doctors quitting. Who wants another Iphone? Depression coming. Already have 3 Ipads. What the hell is ITV? Obama disarms to Putin and tells the Jews to screw off. Taxes get raised again. GM and other zombie companies go broke again and beg for more money,....again,...just like the post office and Amtrak. The whole US looks like Detroit.
That is the world after last night's election. Why would you buy or own a stock, any stock, in this predicament? This time it will be DEPRESSION, not recession. Boeing just announced their cuts. Banks laying off thousands. 9000 coal miners fired in October with many more thousands to come. No Keystone pipeline. No drilling. If you are on your moped, looking for a job, do you really need another Apple product?
thats exactly why some are taking a breath, buying, etc. most of you are permabears and capitulating at the lows. apple is priced for extreme negativity on al the things you said in this POST hence why we load long now
That would be the right thing to do now. Shares are down a lot. I sold a lot of AAPL in Aug 2011 near $385 and missed getting back in in Dec 2011 at $381 by $1. I had to pay $475 to get back in a few weeks later.