awcabot

How Low Will Apple Go?

The author assumes that Apple's P/E will approach that of the S&P 500 average, but gives no reason why. Since common sense, also known as fundamental analysis, has been thrown out of the window since August; I wonder why it should return now.

It is well known that Apple's FCF, balance sheet, income statement, and it CEO's blood pressure are solid; and that the current price is unjustified. I would prefer some more detailed technical analysis as to where AAPL is now and where it may go.