How much cash does Apple have? Does Google or for that matter anyone have an Apple Eco system? Is AAPL way over priced? Did AAPLE just lose it's Brand dominance? No No No and No. So yes you will get your money back. Just prepare for more pain as the overselling continues. I would hate to be you. I think I'm going to get into Real Estate and leave the stock market casino to the high rollers. My advise buy a ton at $350.
Al Gore exercised his options mid January to acquire 59,000 shares around $467 and paid taxes on the gains, but he still owns the shares. As with chairman Bob Igor who bought 1,780 shares last November around $560 per share, Gore paid too much as he had until mid March to exercise his options (where he could have acquired the shares much cheaper and paid less taxes this year). Apparently, Al Gore and Disney CEO Bob Igor did not have the inside track or exert enough pressure on Cook to stabilize the pps. I find it stunning even for Gore.
I guess for now keep writing covered calls on the stock every month til you get your principle back. After seeing this thing be as high as 700 I never thought it would ever go back down close to 400.
It's almost impossible to value this one with the way Samsung and others are eating their lunch. You have to throw out trailing PEs and try to guess how badly their top line and margins will be shrinking going forward. The next qtr or two should provide some visability.
Until then you're buying a real pig in a poke. Doesn't make you a dope, but it's less than prudent.
Tim is a hopeless dope who'll probably try the only things he knows to save the ship, a dividend and a stock split. Both I suspect will worsen the problem. These guys need Steve back or someone with some sense of creativity. They don't need this fat cat corporate exec
Sadly, "You haven't lost anything until you sell", often expressed during good times, has now metamorphosed into "Never try to catch a falling knife," which guarantees that there will always be a great supply of investment cliches on message boards.