Quote:
Originally Posted by abisson
100k$ on Apple. Safest bet you can do with this POS market. It is at 500$ now... by the end of May, the new MBP and iPad 3 will be revealed. Easily will be at minimum 525$/550$.
|
AAPL just experienced a huge reversal mark last week. One of the highest selling volumes on record, an intraday pullback from $525 in the positive, and closing in the negative Sub-$500. That stock is over-extended and will likely be retreating. Don't know if AAPL will have enough time to un-wind in these next four months, and then re-wind upwards above $500 to even break a profit.
I wouldn't buy AAPL atm. It's a good company, just not right now.