Announcing Apple's 33 Percent-Off Sale!

33% off you say? Hogwash. The reality is that it is still overpriced by about 53% in risk adjusted dollars!!!!. And if you really do believe the analysts when they say that Apple will grow at a 24% annual rate over the next 3 to 5 years, then technically, its only an 18% discount. Really think that is going to happen in this economy? Take a look at the financials. The forward PE is over 25!!!! That means you can expect a laughable 4% return on your money over the next year. This is a bubble waiting to burst, NOT a safe place to put your money. There are FAR better investments out there right now. Saying Apple is cheap is like saying $3.50 per gallon for gas is cheap. Its not! Its only cheap compared to the raping at $4.00 per gallon we have been getting.

Everyone overlooks the fact that the IPHONE is just the icing on the cake that is apple currently. The Mac Marketshare continues to increase steadily. I wouldn't be shocked if Apple hit 20-25% marketshare in the U.S. market for all computers in 2 years. And closer toa 40% marketshare for all laptops... making it the #1 laptop maker. This alone would triple apple's shareprice... Now just imagine what will happen if the IPHONE gains 30% of the smartphone market in 2 years also... They'll hit a WALL after they reach those levels... but we aren't there yet folks.. The wall is still very far away.

I will only buy shares of Apple if they give me a free Iphone.

Apple @ $50,00....I agree 100%

Once you get past the sexy looking products and just assess according to market conditions, you will find Apple is overvalued right now. Yes, it tends to defy gravity but like everything else, it will fall. What price will it fall to is the question.

WILL GO DOWN MORE-WHY**** As a working pro photographer I use apple as do so many others.BUT with the new CS4 photoshop being 64bit and faster and ONLY being released for windows, I and many others will have to switch to windows. This is a complex issue but a done deal and Apple will not have it for at least a full year. With new larger file cameras coming out I need the speed of the 64bit version. Apple just lost a huge base and that is just a fact.

WILL GO DOWN MORE-WHY**** As a working pro photographer I use apple as do so many others.BUT with the new CS4 photoshop being 64bit and faster and ONLY being released for windows, I and many others will have to switch to windows. This is a complex issue but a done deal and Apple will not have it for at least a full year. With new larger file cameras coming out I need the speed of the 64bit version. Apple just lost a huge base and that is just a fact.

ahhh, a guaranteed pick by Hennery Bludgeon. Why do i feel like it is 1999 all over again? (waves hands in front of self wildly while talking...)

"that is just a fact." Typical language of a moron. Saying a fact don't make it so son ;) "I need the speed of the 64bit version" 64 bit versions are not faster, they can simply access more memory space. I find it hard to believe that your files are larger than 3 GB, but hey, what do I know :)

I'm not buying until they bring back the Apple Newton.

I don't know about longer-term investors, but, day-traders and hedge funds have to be making a killing right now with all this fluctuation. Also, I wonder if these wild fluctuations could be caused by all the algorithmic trading that goes on today. Man, I wish I wasn't a poor student with no money, I would be glued to my computer all day watching the news feeds and trading, lol.

A correction - Some people live in the Main Street thought the bailout would cost taxpayers $700,000,000. That was wrong. It would cost $700,000,000,000. In average, every tax payer (excluding children and retired seniors) would share $7,000 just for this bailout, plus other actions for FNM, FRE, AIG, etc. I would be much better off if the federal can lend this $7,000+ to every taxpayer and do not expect to get it back.

Most of Apples past growth has been from iPods. iPod growth has shown to be slowing, and Mac sales will not pick up the pace to continue Apple's crazy growth they've had the past few years. Apple has made a great computer for many years, and they still have a small market share. Nothing's changed in the last 10 years, so why will their market share triple as some are dreaming about? That won't change because PC/Windows users are stubborn and enjoy using an inferior product. AAPL has been overpriced since before it hit 100 for the first time. You'd be lucky to get out now.

I had to wait in line two month after IPHONE introduction. This tells you the popularity of the IPHONE and more importantly that revenue up fo APPL. Once I got my I phone I fell in love with it. Most people who get APPL they stick with it for long long time. I am sure that apple revenue will progressvily increase from all these new converts. I am buying APPL

hey the guy that wrote this article, Henry Blodget isn't he the guy back in the late 90's that was writing recomendations on stocks to the public and in privite e-mailing all his friend telling 'em to SELL. Why is he back doing this I thought he was banned?!! or in jail? WTF??!!

Some of us are buyers on the side of the transaction, Henry. We relish the decline in AAPL stock price. Some of us also were sellers of YHOO at 400. BTW, Henry, thank you immensely for that call, irrespective of what you may or may not have been saying privately. You made many of us lots of money on that one and your gentle prodding in the case of AAPL is going to make many of us lots of money once again.

The fact is, it is a done deal!!! Apple WILL NOT have a 64bit version anytime soon. And yes I do work with huge files, I said I was a pro photographer that works with huge files. I have to switch to Windows, unless I like for my files to continue to process forever.

When I go to the mall the only store that is packed is the Apple store. Just an observation even though I don't even own one.

Tech is actually a good buy now, but it will most likely go lower after this holiday season's lower than average sales (my forecast). There's no way people are going to shell out for laptops over heating oil.

The iphone is a joke. I returned mine it was virtually unusable. Apple products = garbage in a pretty wrapper. New MS ads with Gates and Seinfeld are hilarious - does not bode well for Apple.