Seeking Alpha
  • Julius Ferraro
    Buying $AAPL now. Can't believe how bashed its getting. Wasn't expecting under 479
    1/23/13
    Reply (9)
    • blablah: Man, i wanna buy below 460, cant do AH trading on optionshouse after 5 EST
      1/23/13
    • Oceanstats: 458.58 now
      1/23/13
    • Zhang Fei: "Can't believe how bashed its getting." Investors are worried that this might be a turning point. AAPL is over-owned by closet indexers.
      1/23/13
    • Zhang Fei: Turning point in terms of margins, that is. If AAPL margins go down to Samsung's level, $300 would still give it a premium valuation.
      1/23/13
    • Julius Ferraro: Most investors don't trade ah. 300 a share? Unlikely with its cash.
      1/23/13
    • Zhang Fei: "Most investors don't trade" Actually, most institutional investors have 100% portfolio turnover per year. And a lot of closet indexers own
      1/23/13
    • Zhang Fei: AAPL. Actually, they over-own it, because it's perceived as a blue chip like IBM. It's on top of the world now, but it's no blue chip.
      1/23/13
    • Zhang Fei: Blue chips have stable earnings. Mobile phones is anything but a stable sector.
      1/23/13
    • Julius Ferraro: The ah was meant to be after hours
      1/23/13