When does Apple become such a bargain that the price stops falling. I had originally thought $500 was the support level. Its not like they reported a loss. Just flat earnings from last years quarter???
It's completely astonishing to me. For AAPL's 4 quarters from 10/1/11 - 9/30/12, chop an average of $2.50/share off their earnings. Then evaluate the stock price based on a more steady growth pattern. You know if you took off $10 of EPS for that year, the stock price would be comfortably over $500. This stock is priced this low because Apple made TOO MUCH money in the last completed fiscal year. Ridiculous.