Short term (days/weeks) no. Long term I know for a fact that AAPL will not trade at 12x earnings (ignoring cash).
I have no idea when the irrational fear that has gripped AAPL investors will subside and reality kicks back in, but it's coming.
Sentiment: Strong Buy
Thats one of the only intellegent posts I have read tonight and you are 100% correct. It will go where the money wants it to. Just tag along.