by Travis Johnson, Stock Gumshoe | June 10, 2013 2:24 pm
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Does that make it an orchard ??
Some Investment Newsletter in Europe also think Apple is priced too low and recommend to buy (maybe they are reading your Newsletter 😉 . Just a few Minutes ago I got a message that Apple seems to announce a new product …
What do you think of AAPL as a “defensive” holding if the market goes south this summer?
If the market goes South, I expect AAPL would fall less absent any company-specific issues, just because its bolstered by cash, the low valuation and the dividend. But I’m buying it because it’s a well-financed, cheap market leader I want to own for a long time — I have no idea what might happen this summer.
I would be more inclined if the USA would lower there taxes to bring them more back to this continent, but I am sure they are aware that Obama and corporate taxes just don’t mix. Yes they are everywhere but unless Buffet gives the nod the apple will stay of there best buyers and customers property. Crazy wrong but profitable would take take to much for good or bad media to make there day, I think 400$ would be a much safer play, they are the target so they must be good but targets always have to move to stay ahead. Been wrong before and I will be wrong again but the way pirates get on board ships is not bobbing for apples though I wish you luck. But they have the cash and could have done so much more with it already. Almost like they want someone to just try to compete with them. To much China on the table something always breaks.
Interesting how AAPL is underperforming during this correction. I didn’t expect the 420 level to fail. Glad I was hedged but now thinking we’ll see a retest of prior lows. Ironically to me ARMH seems to be bravely rallying while AAPL dives below 400. Thoughts on targets from here?