Apple Turbulence: Worry or Relax? Target $270

[Tony321]

Is the world's most valuable company losing its worth? Edward Zabitsky, ACI Research CEO and analyst, explains why he is bearish on Apple now.

http://video.cnbc.com/gallery/?video=3000085289&__source=yahoo%7Cheadline%7Cquote%7Cvideo%7C&par=yahoo

 

[djk]

I saw that on Twitter today.

Haven't LOL'd like that in a long time.

No different than tech writers who claim Google's no longer going to be the king of search.

Sure, it could happen someday. But there's no strong evidence right now.

 

[djk]

Oh and another reason why I don't take it seriously.

It's CNBC.

Now if it was Bloomberg or Reuters...

 

[Tony321]

wonder why the stock is down another 2.68% (-$15.77) today lol

Apple shares slip into correction territory

http://business.financialpost.com/2012/04/20/apple-shares-slip-into-correction-territory/

 

[onthebottom]

Even after todays moves AAPL is up 50% in the last 6 months, Google is flat and RIM is down 40%..... again, just the last 6 months....

OTB

 

[djk]

wonder why the stock is down another 2.68% (-$15.77) today lol

Apple shares slip into correction territory

http://business.financialpost.com/2012/04/20/apple-shares-slip-into-correction-territory/

Pinned due to OPEX Friday?

Let's see how Apple does on earnings this Tuesday.

 

[djk]

Even after todays moves AAPL is up 50% in the last 6 months, Google is flat and RIM is down 40%..... again, just the last 6 months....

OTB

Such inconvenient things facts are.

 

[Tony321]

Pinned due to OPEX Friday?

Let's see how Apple does on earnings this Tuesday.

Its never a good sign when the price of a stock drop everyday before earnings, someone must know something, lmao, relax apple investors, like the saying goes EASY COME EASY GO, WHAT GOES UP MUST COME DOWN.

 

[onthebottom]

I think there is volitily in the AAPL price because there is very little consensus on est. iPhone and iPad shipments - if they blow the high end estimates away you'll look silly, if they hit the mid range the stock will stay up but probably stabilize.... if they miss in a big way it will drop.... I don't think the third scenario is very likely.

OTB

 

[Tony321]

The expectation for Apple is so high, they don't have to miss in a big way for a steep drop. It could be just a slight increase in inventory in ipad3 for shorts to come in and longs cashing in profits. I am just saying lol

 

[danibbler]

I am just saying lol

Yeah, you're just hot air.

 

[onthebottom]

The expectation for Apple is so high, they don't have to miss in a big way for a steep drop. It could be just a slight increase in inventory in ipad3 for shorts to come in and longs cashing in profits. I am just saying lol

With a PE of 16 (Google for comparison has a PE of 18) makes AAPL not an expensive stock... I hope you're right, a big dip would be a great buying opportunity....

 

[WoodPeckr]

So tell us how much of this 'great bargain' you bought so far???.....

 

[onthebottom]

So tell us how much of this 'great bargain' you bought so far???.....

I was smart enough to not take your advice to sell at $200

LOL

 

[djk]

i was smart enough to not take your advice to sell at $200

lol

lmao!!!!

 

[WoodPeckr]

I was smart enough to not take your advice to sell at $200

LOL

LMAO!!!

That wasn't the question asked.....but nice 'dodge' as expected bottie!.....

 

[nottyboi]

I like the comment at the end "I have no long or short positions in any of the companies mentioned"

cnbc : That is a really brave call Ed... thanks .....LMAO!!!!

 

[Tony321]

I like the comment at the end "I have no long or short positions in any of the companies mentioned"

cnbc : That is a really brave call Ed... thanks .....LMAO!!!!

More analysts are calling for caution since Apple shares went up like 60% this year and the slightest sign of any trouble could trigger a massive profit selloff.

 

[39ajaxmale]

More analysts are calling for caution since Apple shares went up like 60% this year and the slightest sign of any trouble could trigger a massive profit selloff.

well.. of the 53 analysts tracked by this website 38 are saying BUY, with an average price target of $676.00.

For everyone 1 you can find saying SELL, there's almost 40 saying buy. I guess anyone can take a shot in the dark once in a while. Apple might miss it's target this quarter when it reports tomorrow. It's possible. I'd tend to think they'll pretty much be spot on and the stock will be back to $600 before the end of the month.

 

[onthebottom]

More analysts are calling for caution since Apple shares went up like 60% this year and the slightest sign of any trouble could trigger a massive profit selloff.

Ok Tony, what are you guessing for tomorrows earnings report from Apple?

OTB