uncle

Should Apple Investors Feel Good About Yesterday's Rally?

AAPL is NOT trading on fundamentals right now (nor are the rest of the markets) - it is a pointless exercise to 'guess' where AAPL stock is headed in the short term. What is of interest though is AAPL non-GAAP P/E for next year somewhere around 6.25 (that's after backing out $27/share in cash). This looks like a good point to 'invest' in AAPL (trading it is just too difficult right now).

I am backing up the truck - and will back it up some more if it breaks down to an even lower level.