I am not a Melissa Lee supporter but I think she tries to play the devil's advocate with AAPL after listening to market chatter. I have held AAPL for 1 1/2 years now and almost every time she has tried to blow up negative market chatter on AAPL, the stock has done significantly better the next week. I will hold AAPL until there is undeniable sign that out of innovative idea - that day will likely never come in the next 10-15 years. Having $200B+ in the bank offers them unprecedented options to experiment with ideas.
Goingbravo - you hit the nail on the head. In markets, sentiment is the most important thing. When essentially 90% of the market is comprised of math illiterates, logic and common sense don't apply. Only time will repair this stupid drop in price. But again, patience is woefully lacking in this market. So to make big money, have patience and match common sense. That's how big hedge funds make money.
Shorts are smelling blood and everyone is piling in on the short side. This goes at least $2 lower if not more before it recovers. Common sense and logic on valuation don't hold at this point. However, someone like Icahn might see the direct value from cash, Yahoo Japan and BABA (in 12 months) and jump in -- that will be the only catalyst for a substantial move up in the next 3-6 months.