Another Little Bite, Maybe More to Come

by Travis Johnson, Stock Gumshoe | October 23, 2012 3:03 pm

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Source URL: https://www.stockgumshoe.com/2012/10/another-little-bite-maybe-more-to-come/


5 responses to “Another Little Bite, Maybe More to Come”

  1. No dice on the final buy just yet — I was really hoping that AAPL would have a disastrous quarter because of the sales cycle and get sold down by 10% so I could buy some more really cheap. Still, seems foolish not to think this is at least a fair price now, with the world’s best hardware company and best retailer just launching new products in all of their key segments in time for the holiday season. It will put extra weight on the holidays (their first fiscal quarter, the fourth quarter for everyone else), so the stock should be very volatile when they get close to announcing earnings again in a few months, but this is still a stock I want to have near the top of my portfolio — cheap and dominant.

  2. rmsfly43 says:

    Travis, I am with you on this one. I am still kicking myself for not buying when the stock dipped to around $540 or so a month ago. I have been a long time Apple stockholder (of course I didn’t buy nearly enough back then). I’ve added to my position over the years, and I am looking to add more. I am waiting for more of a pull back. $550 or less would be ideal (I would love to buy in the high 4’s but I don’t see that happening).

    And I am not sure if you noticed, but a “contributor” (with a short position) to Seeking Alpha released a pretty negative report on a company you profiled a few weeks back – DDD – which didn’t stock from popping after earnings. Anyway, keep up the good work.

  3. sparky says:

    It’s 200 day is $590 so that would be a great buy point. You’ll notice the bounce off that today. I don’t think it will break that unless the institutions start to bail.

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