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  • Too Much AAPL Bottom Talk... 1 comment
    Nov 10, 2012 3:03 AM

    ...which means it probably has more downside.(click to enlarge)

    This AAPL 5 year daily shows AAPL getting inside a channel of reasonable levels. AAPL could get down to the high $400's before it's all over.

    ~illegal immigrant

    Disclosure: I am long AAPL.

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  • pressure sensor
    , contributor
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    Companies are able to make a quantum leap into a new price channel, and key metrics such as p/e compression, and new dividends, as well as billions of dollars of company share buybacks (which technically started in September), all militate to force a reasonable investor to make the appropriate adjustments. Last Friday's low of 533 and change represents an extremely compressed p/e of 12.08, a level last seen in the depths of 2009 recession, and for all you know the day's reversal could have been effected by a buyer none other than Apple itself!
    10 Nov 2012, 06:09 AM Reply Like
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