Investors can build out an Apple stock position with weekly purchases throughout this Holiday Season and into Spring 2013.
Apple maintains technical support at $500 and the current price AAPL@519 is a good entry point.
It is also in a good agreement with:
*JP Morgan **
** I Know First system** positive stance on AAPL.
wait for apple options volatility to drop below $20 or @ least test her 200 day average (breaking down this target is imminent) of $33 and take a spread position of both puts and calls. because @ that price all of these options will then be on sale and you will make money by either direction the common moves.
hope this helps
Question to Keiretsunikke:
How exactly will you translate your opinion into a trade? I agree with you but don't know how to execute what you said.
Another question: how do you sell short to protect your long position?
Anybody else welcome.
I could careless what Barron says. 99% of analysts on Wall Street had Apple pegged at $900+ this year so what difference what Barron make spewing the same garbage and it blew up on their faces. The bottom line is what catalysts do apple have to bring the stock much higher. ITV is a joke, they are not going to make everyone buy a new tv and give them 65% margins, maybe apple fanatics might, but average person just isn't that stupid and don't have the money frankly. Apple is getting to be too much of a one trick pony, phones.... everyone like Amazon, Google, and even garbage MSFT are into phones now too and they have their other businesses to support them as well. Apple needs more than phones and ITV garbage, and under Cook, innovation has gone down. Watch on the downside, not the upside.
Let the 5th-gen iPad rumors commence.
Japanese site Macotakara, which has been a source of both accurate and inaccurate iScoops, claims the next full-size iPad will be lighter, 2mm thinner, and (taking a page from the iPad Mini and its small bezels) 17mm narrower than the 4th-gen model. The site also claims (like Digitimes) Apple is working on a retina iPad Mini.
but we are down over 14% in december making this year our all-time worst performance for this month. the second worst december was in 2000 when we were down 10%. in 2001 we printed $8.00.
Apple needs to maintain some positive momentum and we can carry into earning season. Apple will surprise many experts. Apple at this price is a steal. Insiders are not selling and institutions will start buying.
My advice is to stick to the facts and ignore the speculation and rumors surrounding the company.
In my view Apple investors should take a deep breath and have a little patience - you will be rewarded in 2013.
AAPL is trading at historically low valuations. The current valuation means that if the buyback were to commence now, the company would be buying back stock at historically cheap valuations.