Seeking Alpha

"The market can drop 400 today and Apple (AAPL +0.8%) will close up," writes The Fly, who says...

"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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Comments (23)
  • rhiannion
    , contributor
    Comments (373) | Send Message
     
    Gee, thanks for your optimistic opinion. Wonder what is your opportunistic reason for wanting the market down? Need to get in lower on what stock(s)?
    10 Apr 2012, 11:12 AM Reply Like
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    AAPL has a virus problem. Not good.

     

    AAPL is 36% of the S&P. Not good.

     

    AAPL is the largest hedge fund hotel ever. That's bad.
    10 Apr 2012, 11:17 AM Reply Like
  • CaptainUSA
    , contributor
    Comments (49) | Send Message
     
    Virus problem? No. Windows has a virus problem. The reason Apple's virus made headlines was the rarity of the event.
    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.
    10 Apr 2012, 11:38 AM Reply Like
  • pirota
    , contributor
    Comments (150) | Send Message
     
    I can't live without my Andorid Phone ...
    10 Apr 2012, 11:42 AM Reply Like
  • jbfiacco
    , contributor
    Comments (149) | Send Message
     
    I believe Java had the virus problem. Don't you?
    10 Apr 2012, 11:50 AM Reply Like
  • Aloha96815
    , contributor
    Comments (20) | Send Message
     
    Virus problem? Clearly that's an exaggeration. Viruses is not something that plague Apple. By the way, Pirota, if you cannot live with your Android, spelling the name correctly is a first step to perhaps seeming more convincing.
    10 Apr 2012, 01:37 PM Reply Like
  • bailinnumberguy
    , contributor
    Comments (1166) | Send Message
     
    You lost me at AAPL is 36% of the S&P. Not quite.
    10 Apr 2012, 03:49 PM Reply Like
  • rjj1960
    , contributor
    Comments (1370) | Send Message
     
    Apple will drop 150 points as soon as I buy it. My purchase could without a doubt destroy this company.
    10 Apr 2012, 11:14 AM Reply Like
  • AnnieA
    , contributor
    Comments (133) | Send Message
     
    I understand completely. The only reason it's up nearly 200 points since earnings announcement is that I sold at 445. Apple has killed my soul...but I still want back in at some point!
    10 Apr 2012, 11:27 AM Reply Like
  • bailinnumberguy
    , contributor
    Comments (1166) | Send Message
     
    I could do the following nonsensical set of 3 transactions back-to-back-to-back and this is what Apple's share price would do within 5 minutes: I buy 100 shares at some price. I sell 100 shares at the same price. Finally, I buy another 100 shares. Once I've completed the transaction, if you watch the stock price action, you'll immediately see the stock price drop sharply. It'll then shoot straight back up once the sale was detected. Realizing that I have another purchase of 100 shares, the price does another about face and heads straight down.
    10 Apr 2012, 03:55 PM Reply Like
  • sawchain
    , contributor
    Comments (130) | Send Message
     
    Points are not dollars. Dollars are not points. Just stop it already!
    10 Apr 2012, 04:17 PM Reply Like
  • fat tails
    , contributor
    Comments (6) | Send Message
     
    Please buy it
    11 Apr 2012, 04:46 AM Reply Like
  • phdinsuntanning
    , contributor
    Comments (1269) | Send Message
     
    crappy central banksters pumping, hopeless SEC!
    10 Apr 2012, 11:25 AM Reply Like
  • alihaghighi
    , contributor
    Comments (3) | Send Message
     
    Apple will hit $1000 and watch it coming!
    10 Apr 2012, 11:51 AM Reply Like
  • red hawk
    , contributor
    Comments (5) | Send Message
     
    Oh, what a great DEJA-VU to the 2011-dot com crash.
    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.
    10 Apr 2012, 11:58 AM Reply Like
  • alihaghighi
    , contributor
    Comments (3) | Send Message
     
    I remember Commerce One, Tibco too. But compare the PE ratio of Apple vs all these examples of yours and mine.
    10 Apr 2012, 01:15 PM Reply Like
  • sawchain
    , contributor
    Comments (130) | Send Message
     
    2011 dot-com crash? Like, last year?
    10 Apr 2012, 04:19 PM Reply Like
  • rhiannion
    , contributor
    Comments (373) | Send Message
     
    Yes, things need cooling down - it's snowing here......really. Yes, the virus was attached to Java but is/was activated when you open Flash Player.
    10 Apr 2012, 01:28 PM Reply Like
  • 19IgfBUi69
    , contributor
    Comments (74) | Send Message
     
    If you look at AAPL's PE (18.2) you will see it is trading at a reasonable level. Also, take into account the $100 billion in cash on the balance sheet. If you do that, the PE drops even more.
    10 Apr 2012, 03:09 PM Reply Like
  • casselp_2000
    , contributor
    Comments (97) | Send Message
     
    Apple has issued a patch to fix/avoid said trojan horse; (it is NOT a virus) even if you downloaded the "Flashback" before the fix was issued, you can get clean by going to MacUpdate and get "LittleSnitch" which sniffs out FB and cuts off the commlinks on which it depends.
    May the Farce bewitch you...
    10 Apr 2012, 03:47 PM Reply Like
  • stevesko
    , contributor
    Comments (60) | Send Message
     
    AAPL's earnings will come in around $12 a share, that will be a PE of around 15 - how can anyone call a bubble at a PE of 15 or 18. What is Amazons PE 135? What would AAPL be trading at with that type of PE? AAPL is a earnings machine, and very undervalued.

     

    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.
    10 Apr 2012, 04:47 PM Reply Like
  • Snoopy1
    , contributor
    Comments (1118) | Send Message
     
    "If I turn a chart upside down, it tells me the same thing - nothing."
    - 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.
    10 Apr 2012, 07:54 PM Reply Like
  • Bmgue12
    , contributor
    Comments (96) | Send Message
     
    I love my iPad and cannot be without it.
    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
    10 Apr 2012, 11:31 PM Reply Like
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