If you think it's low then buy half now. If stock price drops then you can buy the rest. If it goes up at least you have something and can buy more or just hold what you have. GL!
Maybe let our idiots in Washingtong rattle the market with their debt debate and then go in. I saw one analysis looking for 400 for a bottom....but I think I'd jump at 450...........
The funny thing is as soon as you pull the trigger, it drops to 485... I pulled the trigger on Monday at 500... Tuesday happened... I pulled the trigger at 495, 490, 485 on Tuesday - my breakeven point is now at 517 'cause I bought too much at 527 and 519....
You are playing with fire by waiting every day. Earnings could get pre announced and any good news at all that comes out early will catapult the stock up $50-$100 in a day. Its been artificially brought down to levels that have the worst quarter and no sales and everything bad when in fact the quarter is expected to exceed estimates and the new China Mobile Deal details are coming out soon at earnings probably. Cook said China will be the biggest market for apple neaning bigger than the USA market. That means we double in 2013. I wish I waited to buy this week. I am holding long all year 2013.
Sentiment: Strong Buy
I am not sure why people turn very bearish about apple regarding its sales, margin. I dont think there is any problem with that as apple sells its products to 50 more countries than last year. Their sales should go as least 15% higher. As sales go up, cost lowers and margin improve. Margins is lowered because it pushes a lot of new products to the markets at once. In addition, apple market share is less than 10% and therefore, there should be a lot of room to grow. Earning should be good this quarter. I am not sure why people freaking out.
Apple never would pre announce earnings. also China Mobile deal not getting done any time soon. even if it does, it no way means sales are going to double. Apple still has no product to sell to low income China demographic. Also some analysts don't see even exceptional earnings causing a price rise due to excessive uncertainty.