Apple on the Move----
well, well, well-investors have really taken a bite out of this Apple-are they down to the stem and seeds yet, or are they still chewing around the top half? We approaching something resembling support-Is this the time to load the boat, fill the larder, consummate the relationship, etc. etc., or should we, like, Monty Python, "run and hide."
My opinion is that declines occur down a "slope of hope!"-there are always bounces. But I believe with the IPOD now having 3-5 significant competitors at equivalent or lower prices, the IPAD and the mini having 5-10 competitors at equivalent or lower prices, the E in the P/E calculation is going to become depressed, people who bought the stock above $640 are becoming increasingly underwater, and less and less likely to "buy weakness," which has been the Apple-Rule for 9 years.
My opinion is that declines occur down a "slope of hope!"-there are always bounces. But I believe with the IPOD now having 3-5 significant competitors at equivalent or lower prices, the IPAD and the mini having 5-10 competitors at equivalent or lower prices, the E in the P/E calculation is going to become depressed, people who bought the stock above $640 are becoming increasingly underwater, and less and less likely to "buy weakness," which has been the Apple-Rule for 9 years.
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