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"The market can drop 400 today and Apple (AAPL +0.8%) will close up," writes The Fly, who says...
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Tuesday, April 10, 2012, 11:06 AM ET"The market can drop 400 today and Apple (AAPL +0.8%) will close up," writes The Fly, who says the action reminds him of Dell in 1998 - going up $3/day while the rest of the market cratered. Eying a chart of his GARP (growth at a reasonable price) index (of which, Apple is a member), he thinks it looks top-heavy and ready to fall.
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This news story has 23 comments:
AAPL is 36% of the S&P. Not good.
AAPL is the largest hedge fund hotel ever. That's bad.
Consider this:
The key to Apple's success is its ability to create things people can't live without, but never knew they needed.
The loyalty of its customers is similar to Harley Davidson's (without the tattoos).
No debt.
I remember great stocks like emc, broadcom (brcm ), broadvision (bvsn), network-solutions (nsol), nortl (nt), jdsu- 15%-25% up a week, every week, we all have been blind. we / I thohghy they would climb forever.
Apple is agreat company with great management and great products. But it is already "in the price". A healthy & necessary drop of 75-150 points will cool some of the investors.
It's all relevant for FB - Go & check the numbers. A value of $ Bn 122 for 2012 $Bn 2 is a p/e of 60!!! it's a great copmany but with a very expensive mrkt cap.
May the Farce bewitch you...
About me - loaded up on AAPL at 350 in Nov, Sold at 535 in Jan - happy with my ROI but wish I didn't sell.... Those stupid charts.
- W. Buffett
Once you sell AAPL and pay the cap gains tax, what do you do with the proceeds? If there were plenty of better risk/reward ideas out there, it might make sense.
There is nothing but predictions some close and others too far from the actual outcome.
AAPL outperform all the competitors.
Yes, some cash in the gains but there are many more that will buy the stock. One will washout the other and it will keep AAPL strong.
I am long in AAPL & will hold