January 23, 2013
– Comments (17)
I think it might be a good idea to buy a few AAPL shares now. It is at ≈ $464 ...
No way is the selling over..I would start buying at $430 but mutual funds are gonna have to start unloading
It was at ≈ $460 when I sent this message (testing how embedding works) ...
Fund would buy a few $AAPL shares now. Were it not a pure play biopharma fund since Aug 10, 2012 ...— V.S. Schulz (@portefeuillefun) January 23, 2013
Fund would buy a few $AAPL shares now. Were it not a pure play biopharma fund since Aug 10, 2012 ...
All I gots to say is timber !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
run away from the falling trees full of apples...
Well the stock does have a real bottom which is around $137 (the amount of cash it is sitting on). I am starting to eye this now as a real investment. Wouldn't surprise me if it does fall lower.
As usual my player portefeuille2 made the better call. outperform call open since AAPL was at $87.49 (dividend adjusted). yeay.
#5 also see comment #101 to my first post :)
Big tech seems to be pretty cheap, as a whole.
AAPL, MSFT, CSCO, ORCL, EMC, GOOG, IBM, ACN...
I'll just stick with VGT. It feels a lot "safer."
AAPL has technical support @ $350. It would also yield 3% at that level and I think value investors would swoop in. If AAPL doesn't start doing innovative stuff again the transformation from a growth stock to a value stock will continue.
It could get cheaper, but $450 is cheap enough for me. I like it at $450 right now as much as I liked it at $375 earlier. The bad news wasn't very bad, in my opinion. I value it at $650, same as I did before the earnings announcement. Roughly 50% above current levels. Plenty cheap enough for me. If it drops more, I'll add more.
I am with Valyooo, I think a drop to $430 is EXTREMELY likely, and maybe farther, given technicals and sentiment generally. I'd be happy buying it at anwhere between about $0 and $570, so if it goes back up to $520, fine, and if it goes down to $400, fine.
On the emotion curve, this one is only part of the way down the slope. We have hit denial, but not yet despondency or depression, let alone capitulation, let along optimism.
10% is a key mark. A lot of retail investors set their stop limits at 10% for all their stocks. A lot of retail investors own Apple. A lot of retail investors just dropped Apple today. My reaction......meh......sucks for them. Could it drop lower? Sure, why not? Could this be the bottom? Sure. Why not?
I'm better at tops than bottoms. If some of you guys have a feel for finding the bottoms of a stock and want to try and hit the absolute bottom, I say more power to you.
The "Apple is done" commentary is the kind of far-fetched nonesense that you hear when a stock is under-valued, however.
-$400, then it might be a good idea.
I bought a starter position of 2 shares today. :) I'll certainly consider adding more if it drops towards $400.
I'm just happy to own a stock outside of the resource sector. :P
This sucker is going down until they use the $100+ billion in accululated earnerings to resurrect Steve Jobs, lol.
Catch the right falling knifes. Determine a quantitative valuation methodology and buy when the stock falls under it. In this case $1100 is a realistic intrinsic value for Apple (Peter Lynch value) http://www.gurufocus.com/stock/AAPL
: Seth Klarman has written extensively on the problem of "catching a falling knife" in investing...i.e value investors tend to buy early. But in the end, we have to stick by two truths: 1) None of us can consistently call the bottom 2) Buying a dollar for 50 cent as opposed to buying a dollar at 30 cents, is still better than buying a dollar for 90 cents. If we come from a position of strength (with cash and with capital that will not flee at every rocking of the boat), and practice the tenets of value investing, we should come out on top.