Well seeing as he made a killing on NFLX I seriously doubt it. Remember how he bought it when everyone else said it wasn't going to go bankrupt (like idiots), and now he has more than doubled the huge sum he put in. He is planning the same thing here. He knows betting against apple is stupid.
Hedge funds have been buying back in for a while. They only people who really got burned are the morons who sold at sub $400 levels. There is no doubt in my mind that this goes well over $700 in time. I have been in Apple since 2008, and their growth has always been under appreciated.
Since I have been buying since $80/shr I'm not too worried about it dropping from $575 to $570 but I guess people who get excited about small gains and losses might think this is a big deal.
Having been a long for over two years, I would say the concerns are somewhat justified. This stock gets sold like crazy on any type of bad news. I really thought this thing had some potential, but it has turned out I have wasted 2 years of potential gains trying to make money on this stock.
I have been saying this to myself for 2 years now. I bought this junk at $16, and it hasn't really gone anywhere, unfortunately. Sales got a lot better the PE just drops from 22 to 11. Go figure. Whatever, Sometimes you pick a dud, which is what this stock is.
This is about the most moronic stock in the market. It drives me crazy. I should have never bought this stock. It makes absolutely no sense.
life isn't fair. You sound like a girl. If you don't like it sell and put your money somewhere else. Being a sissy doesn't help anything.
The real question is how can Apple have been so undervalued for the past 5 years. No company even comes close, yet they sell at a terrible PE. But to answer your question, they MAKE A TON OF MONEY, that's how.