Apple's iPad= investor disservice
What's the deal with Apple's iPad ? As an Apple shareholder, I am glad I sold off a portion of my stock after earnings. The iPad looks like an oversized iTouch and I'm disappointed that retained earnings were used towards such a product.
Furthermore, Apple has not done any special dividends, buybacks, or stock spilts. Also, Apple has not expanded beyond AT&T to the other networks. I was reading the most recent conference call and the issue regarding an exclusive network was very vague. Despite AT&T being the largest network provider in the US, there is clearly demand for their iPhone which they are not catering to.
Fundamentally, I value the stock around $220-$230 max. Technically, you could probably buy the stock based off the 'greater fool theory' and bounce it to short-term $200. At this time, I feel with the huge cash position Apple has, they should be giving back to investors instead of coming out with wasteful products like the iPad (nice name too).