Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Time to Buy AAPL?

|Includes: Apple Inc. (AAPL)

I have been getting this question a lot.  Is it time to buy AAPL?  I don't really blame them. With so much hype surrounding AAPL, it's no wonder why so many people want to have a piece of this company.  Some people also feel left out when AAPL just took off.  Since reaching a high of $279.01 on an intraday basis on 6/21/10, it has pulled back quite a bit to $248 and change. The question is whether now is the time to load up on AAPL.  While I think AAPL is a great company, I don't think now is the time to buy. I see further price declines in the near future. I would wait for it to pull back even further. All the news right now surrounding iPhone4 is placing some pressure on the stock. It may trade in a range for some time to come. I would start nibbling on the stock when it gets to low $230.

Disclosure: no positions