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April 27, 2012 – Comments (8)

I have no opinion of Apple, I don't use their products. I am neither bullish nor bearish on them.

But people discuss 'Apple Bears' who say that its uprecendented market cap, size relative to national economies, etc.  means that it must be poised for a fall (i.e. that its valuation is unsustainably large).

Again, no opinion on this position. 

But I thought of a new name for 'Apple Bears' .... crabapples!  or CrabApples .... or KrabApples (copyright binve 2012) ... just kidding :)

8 Comments – Post Your Own

#1) On April 27, 2012 at 11:32 AM, Valyooo (35.42) wrote:

It seems like nowadays it's cool to be negative. Bears are "realistic" and bulls are "bernanke licking suckers"   People keep saying Aapl cant keep growing like this forever. They also said that $300 ago. If you want to short it or say its overpriced that's fine (but at 11x 2012 earnings I don't think it is) but why do you want to see the company fail? Spread some positivity you damn krabapples (tm)!

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#2) On April 27, 2012 at 12:13 PM, portefeuille (98.87) wrote:

Something else that people around here tend to hate are stocks of biopharma companies.

NASDAQ Biotech Index.


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#3) On April 27, 2012 at 12:20 PM, binve (< 20) wrote:


I agree, negativity is pervasive. Personally I was entrenched in the negativity camp precisely when I shouldn't have been, as discussed here (especially the long quote at the end):


I agree that biotech is hated and is very unwarranted. I haven't taken the time to look at the companies individually the way zzlangerhans or you do, and if you are not careful you can easily pick a loser. But the group as a whole has done very well and has bright prospects. My pick on BIB is doing pretty good :). 

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#4) On April 27, 2012 at 12:21 PM, amassafortune (29.14) wrote:

AAPL is right at the center of not only the hottest tech trend, and the hottest "gotta have" product for young people, but they are also at the forefront of continued evolution toward small business efficiency with expanding mobile credit card swiping, and expanding microchip, QR code, and GPS apps. 

As Valyoo points out, valuation is reasonable, unlike some recent social media IPOs that spike and crash. Even compared to conservative, dividend-paying stocks like WM, PG, WMT, CHK and K that all issued warnings or had warnings issued upon their behalf recently, AAPL shines.

AAPL cautions include its dealings with Foxconn and working conditions that still seem to incite regular suicides despite at least two rounds of across-the-board double-digit wage increases and the fact that competitors continue to attempt to produce a better product. 

For now, Apple's market is safe and $80 share price swings as seen recently will probably continue to be buying opportunities.  

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#5) On April 27, 2012 at 12:21 PM, portefeuille (98.87) wrote:

#2 That index has left the slightly rising channel shown here. Finally ...


(from here)

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#6) On April 27, 2012 at 12:28 PM, Turfscape (< 20) wrote:

KrabApples! I love it.

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#7) On April 27, 2012 at 12:33 PM, binve (< 20) wrote:

Hey amass,

Those are very reasonable observations and I tend to think you are right with them. I haven't done any DD on AAPL, but I think your points are quite valid.


Glad you liked it :)

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#8) On April 28, 2012 at 12:16 AM, scruffy4life (83.40) wrote:

Scruffy would like to know-

What do you use-(including browser)

Scruffys in the market for one of them $300 haircuts.


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