Apple: Great Company with Lofty Valuation - Due for Pullback [View article]
These arguments are so old and boring, they could have been written at any time in the last four years. Excluding Steve Jobs health, any time in the last SEVEN years. This is like saying "everything is reflected in the price" one year after the introduction of iPod - imagine how much was lost by "investors" that listened to exactly the same points then. There is every reason to believe that iPhone will be much bigger for Apple then iPod could ever be. Have to give the credit to the author for stating his short position. Most of the same negative spin is recycled by the media as unbiased opinion. Perhaps that is what the author refers to as "hype", since there is some negative article somewhere about Apple and it's products practically every day. Incredibly shortsighted, intentionally so.
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That's about all the positives I can think of.
Apple: Great Company with Lofty Valuation - Due for Pullback [View article]
This is like saying "everything is reflected in the price" one year after the introduction of iPod - imagine how much was lost by "investors" that listened to exactly the same points then. There is every reason to believe that iPhone will be much bigger for Apple then iPod could ever be.
Have to give the credit to the author for stating his short position. Most of the same negative spin is recycled by the media as unbiased opinion. Perhaps that is what the author refers to as "hype", since there is some negative article somewhere about Apple and it's products practically every day.
Incredibly shortsighted, intentionally so.