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Originally Posted by BayMoWe335
I'm long AAPL too...just stay patient and buy more if you have the stomach.
I agree they need some hype to boost excitement again (although their last earnings report says the stock needs no hype), but they are trading at 7 times forward earnings minus cash.
It's frustrating to see the best tech company in the world struggle and trade so cheaply, especially after the monster quarter. They had a perfect quarter, have zero debt, $100+ billion in cash, and will start paying a dividend. Yet companies like FB are valued at $100b with $3.7b in sales? LNKD? SF.com? It's a joke, but makes me feel people are doubting AAPL's ability to keep momentum with such large numbers. This may be true, but I believe AAPL has another leg up before it starts to decline for good. We just haven't seen any evidence in the numbers that they are slowing down, but AAPL is having to "prove" it every quarter. That's not the best thing for a stock. I think right now AAPL is being manipulated to shake out the weak hands.
Also, the iPhone 5 is going to be a beast. Mark it down.
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As I predicted (and put money where my mouth is), it's already up a lot from here, but I believe AAPL is setting up to break out. That is, unless the entire market tanks...then all bets are off.