Apple is priced to grow at 10.8% and is clearly capable and expected to do much more (Analysts expect 23%). Google is priced to grow at 13.1%, and is expected to do 26%. I don't usually name top shelf companies as buys.
These companies fit my models as far as being highly predictable and high growth. I wasn't talking about them a few months ago because they weren't in my price range. They aren't ridiculously cheap, but they have a thunderous upside that comes from their brand name recognition and their 52-week price range offers tremendous "rebound potential."
Google has been my search engine since I can remember. Next stop: $500; and probably before the end of the year. And that's me being conservative. The analogy here is that Google's stock price temporarily got the wind knocked out of it. Relax, take a deep breath, soar!
I actually just ran my iPod through the laundry machine. Turns out that I can drop it in a storm drain in the middle of a torrential downpour, fish it out, and make it work; but it's no match for laundry detergent. Mostly everyone that is an Apple customer is a repeat customer. Apple is a seasonal company, and its season is upon us. Next stop: $160. I figure if you buy 5 shares of Apple now, you can sell them by December 15th and have an iPod in your stocking by Christmas.
All the Apple and Google fanatics out there who have been bullish the whole way along these last few months are going to be saying "I told you so" sooner than later. As for me, I'll just be glad that these great companies were oversold and gave me an opportunity to purchase them really cheap.
Disclosure: I own Apple and Google