Are apples sweet these days?
About three months ago I put up a bear case against AAPL. Apple's stock was $72 then. As I had written then, I was a bit late to proclaim that. Apple went on another 20% (to about a $86 high) by mid January before finally retreating. But it did retreat though. Today you can get apples for around $60.
So what do I feel today. I feel you are getting a sweet deal for Apple today. Below 60 is a good price to enter Apple. But beware that it may take sometime for the stock to really turn. My timeframe to look at is by the end of the year. From today till that time you have 3 earnings cycle. So you can expect a lot to go on inbetween. But I feel if you get in Apple today below 60 and sit tight till the end of the year, a decent return is almost guaranteed. Some of the reasons I feel that way -
So I am turning my stance on Apple(s). I have got some for myself. Hope I could open them up by the end of the year and smile :)
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