Is Apple Still A Strong Buy?

[Squilly]

Investors/analysts on many sites say Apple is going down. There are others that say its the best time to buy after a $60 drop. Do you guys think they will continue dropping or pick back up come the next keynote?

[mobilehaathi]

I'm maintaining my long position. But ive been long for a while.

I hope you're not planing to take any internet forum advice too seriously.

[jetlagged]

for the last 4 months now, apple stock has been a downer, hardly any gains even with good economic news. i wouldn't touch apple now. i'm sticking with apple, thats because i lost a lot of money off it because of the selloff yesterday. i have no choice, but if i can figure out a way to break even with apple, i'm selling that stock and i aint looking back.

[ct1211]

Originally Posted by jetlagged

for the last 4 months now, apple stock has been a downer, hardly any gains even with good economic news. i wouldn't touch apple now. i'm sticking with apple, thats because i lost a lot of money off it because of the selloff yesterday. i have no choice, but if i can figure out a way to break even with apple, i'm selling that stock and i aint looking back.

Sell off yesterday? Apple has dropped over $325.00 in the last few months. Apple is the new love to hate company. Report record profits, stock still drops 10% - Not good enough for the street. I see a $400.00 bottom in late feb, followed by a March $200 jump after they announce new gadgets.

[Squilly]

Originally Posted by ct1211

Sell off yesterday? Apple has dropped over $325.00 in the last few months. Apple is the new love to hate company. Report record profits, stock still drops 10% - Not good enough for the street. I see a $400.00 bottom in late feb, followed by a March $200 jump after they announce new gadgets.

Agreed. Don't know what to expect in the March keynote though.

[PracticalMac]

I am getting ready to buy more!
2 shares or so.

Fundamentals are really good, if not excellent, and competition from Android tablets is not really as bad as seems (someone wrote the cheap android tabs hurt the brand).

[Badagri]

Originally Posted by ct1211

Sell off yesterday? Apple has dropped over $325.00 in the last few months. Apple is the new love to hate company. Report record profits, stock still drops 10% - Not good enough for the street. I see a $400.00 bottom in late feb, followed by a March $200 jump after they announce new gadgets.

Why? why has this changed all of a sudden? who starts these almost like tantrums and takes the hump in deciding people should boycott them?

Since Christmas all I ever heard was iPhone and iPad's for Christmas rave.

Who sets these trends that decide not to buy...

[TheHateMachine]

Originally Posted by ct1211

Sell off yesterday? Apple has dropped over $325.00 in the last few months. Apple is the new love to hate company. Report record profits, stock still drops 10% - Not good enough for the street. I see a $400.00 bottom in late feb, followed by a March $200 jump after they announce new gadgets.

It might be record profits but the growth is becoming stagnant. Apple made more money than ever but they made nearly the same amount of profit as the last quarter. They margins are compressed and their cost is on the rise.

That is why people are lowering their valuation of the stock and either dumping it because the ride is over and paying less for it.