• Bret Kenwell
    Man, it would be nice to see $AAPL close and hold above its 20-day. momentum has to start somewhere, right?
    2/8/13
    Reply (25)
    • Stephen J Melnykevich: what is the 20 day again?
      2/8/13
    • Bret Kenwell: Right now it's @ 472.61. Apple is above that by about 4 points
      2/8/13
    • Stephen J Melnykevich: It seems to be. Let's hope that continues. What is your educated guess on where it closes and goes from here next week?
      2/8/13
    • Bret Kenwell: Not sure honestly. We've seen some moves above the 20-day before...only to fail later. 20-day isn't that strong, but you've got to start
      2/8/13
    • Bret Kenwell: somewhere. this could just be the "Einhorn" news that will eventually fizzle. I have a long-term outlook on Apple and remain bullish.
      2/8/13
    • Stephen J Melnykevich: I agree with your last statement completely. I am in this for the long term. To add, I do not think AAPL will stay below the 20 and 50
      2/8/13
    • Stephen J Melnykevich: for more than a quarter or two based on historical data. However, past performance is no ....you know the rest.
      2/8/13
    • Bret Kenwell: haha, true. It's just that Apple's growth might be slowing, but it's still strong growth, and people don't get that. Everyone hates on it
      2/8/13
    • Bret Kenwell: today, but in 6-mo's time when it's back on the rise, everyone will have "called" it. Phew. Whatever. I'm in @ $460.68 and plan on holding
      2/8/13
    • Bret Kenwell: that for a while. At least into the $600's, but by then maybe a new product came out, a deal with china mobile $CHL or the technicals are
      2/8/13
    • Bret Kenwell: very strong and I may hold. You never know, but that's the strategy for now. I'm not saying Apple goes to $1000 (it might I guess) but I do
      2/8/13
    • Bret Kenwell: think it is deeply undervalued here and offers a very attractive risk-reward entry point.
      2/8/13
    • Stephen J Melnykevich: I averaged down, but jumped too soon. My cost basis is 535 which I am VERY comfortable with. I liquidated my ROTH IRA and put it into AAPL.
      2/8/13
    • Stephen J Melnykevich: Kept KO which keeping things somewhat good for me. I'll slowly sell out of AAPL above 600 but it will still be a core. At least for 3-5 yrs
      2/8/13
    • Stephen J Melnykevich: As buffett says, short term, the stock market behaves like a voting machine, but in the long term it acts like a weighing machine. Only Time
      2/8/13
    • Bret Kenwell: Definitely. I wanted a piece of Apple for a while. Sold out in 2012, when my cost basis was ~250. Since then I wanted to repurchase shares
      2/8/13
    • Bret Kenwell: but never could pick an entry, especially with all the downside momentum. Finally I decided I would wait until after earnings and establish
      2/8/13
    • Bret Kenwell: a position if I liked the conf call and results. I did, and felt the Street had their fingers on the 'sell' button for any numbers that
      2/8/13
    • Bret Kenwell: didn't blow away estimates. -10% was completely overdone and I just bought in the pre-market @460 for the long-term.
      2/8/13
    • Philip Saglimbeni: I bought back Apple in my IRA this morning, I've been out of it for a few months
      2/8/13
    • Bret Kenwell: Phil, I sold in 2012 (as it says above) when my cost basis was 250. I waited it out until two weeks ago when I bought it back due its
      2/8/13
    • Bret Kenwell: deeply undervalued state (IMO).
      2/8/13
    • Philip Saglimbeni: Yea, I waited longer than I should have to re-renter probably but I feel the long-term value is there
      2/8/13
    • Bret Kenwell: Yeah definitely in the grand scheme I don't think it will matter as much. I would have bought if the stock was up $50 after earnings if I
      2/8/13
    • Bret Kenwell: Liked what I heard on the report/conf call. It's been sold so hard, that almost anywhere down here is surely a bargain.
      2/8/13