China mobile deal on the horizon, massive quarter sales for iPhone 5S, iTV and without all this still growing. Massive overreaction and should close at 475-485. Think about it... apple only missed on revenues and guided just below revenue estimates for Q2.
Sentiment: Strong Buy
Sadly, Joe Sixpack will be so inundated with the negative headlines (assuming he didn't already get scared off during the numerous hatchet jobs the last 2 months) that he'll be on the phone to his broker, accessing his online brokerage, calling his 401k provider, etc etc first thing tomorrow to GTFO out of his AAPL position once and for all.
Silver linings will be so lost in the noise the average investor won't stand a chance. The market wants AAPL below 400 it seems, regardless of any positives you or anyone else may find in the CC or ER.
It's a good company but the stock is completely broken. Yeah you could make the case that with a PE of 9 and all that cash it is beat up, or you can make the case that with a PE of 9 it is already a value stock and the idea of it doubling is not going to happen. More than likely Cook will be gone within a year, there is no floor under it anywhere in sight until $300. It became a bubble stock (albeit with great revenues) when that happens historically 50-70% drops are common, and we are nowhere near that yet. If you own it dump it, it's dead money for years.
" Once in a lifetime Investment" ... they said that three lifetimes ago ... but believe what you need to....Massive this that and the Other thing, and China Mobile...China Mobile...China Mobile ... look at the Chart...this thing is Done.
heyjack, every time apple pulls back to a new yearly low, people say the same thing! question is how much more does apple have to pull back before people get nervous? seriously? how much lower? 420? 390? 360?310?............................ forget the name of apple,look at the chart? not good, IMO