perhaps obtuse conventional wisdom, but i agree? do you know price action? where is it going from here?
The downside target of AAPL is 400.00. Don't pay anymore than that. If you take the high of 600.00 at the end of nov. early dec. then look at the recent lows dec 17- and around christmas at 500.00. subtract those numbers and get 100.00. Flip that 500.00 , go down 100.00 you get 400.00 downside target. I' m not saying that will be the start of an uptrend that will take time ,but you should get one heck of a bounce off the 400.00 mark. Don't pay more that 400.00 period!
Some of us are either going to pad our accounts or get a another job. Potential is high but as always so is the risk. I say "SHORT " the sucker
One thing I found interesting was the aapl has so much cash, that the stock is valued at $150 just based on their cash
You could look for the down trend line break and for a new up swing to be established indicating it is ready to start moving up. http://imageshack.us/photo/my-images/404/aapl126.png/
You technical guys amuse me. Like anyone really has a clue where the stock will base. 3 X cash at this level â still very profitable, cash generating machine fundamentals are as strong as they can be. They miss a little on the quarter and the once favorite is now a pariah among the dip anal cysts who were once saying the stock goes to $1000. Wall street is a big ole scam â you just need to know how to trade that scam . I would be a buyer not a seller here. Call options still have a juicy premium â nice for option writes. Just a guess but I think it will base this week and run back up over $450 and stay there.