I want to get in real bad, however, I missed the last time the stock was down in the 430s which than ran to 460s. Now it is back down even lower . I think if the market opens down on monday, aapl will also go down which hopefully will be a good buying opportunity.
This thing will trade in a range of $380 to $480 until 3 quarter. A dividend announce will come shorting and get it back the high-end of the range, but not going to break above $500 without another 2 earnings reports with serious juice in them. I think fair value is just under $500 and that there is no "got to have" products coming. A combination of Div announcement, product release and purchase of major firm (netflix, Hulu, FB, etc.) is that only way it see over $500 soon. Market share can erode over night and everyone knows it. Look no further than Nokia, RImm, and Moto.
" This is the time to buy "
Not yet. there's still more investor profits to be taken off the table. This downtrend will continue to the real bottom of the present cycle, which is around 350-375. THEN, a bunch of analyst downgrades have to come. THEN, the stock floats around for a while. All of this while Apple is working on the next generation of products and services, which ultimately will propel the stock BACK UP for a new cycle.
THAT"S how it's going to play out. So, look to average in at around 350 or so.
The problem with calling a bottom for AAPL is that there is only weak technical support near the current price ($420). Thus the stock trades in no-man's land with $350 as a bulls-eye for any significant technical support. I honestly believe it will go there - and quickly - as long as the company remains silent about the cash.