“Piper Jaffray senior research analyst Gene Munster said that the recent sell-off of shares of Apple Computer provides an opportunity to investors during a perceived growth trough. The analyst credited the sell-off of more than 20% over the past three weeks to the perception of investors that the company faces “potential for an air pocket in growth” over the next two quarters resulting from the transition to Intel processors,” Kate DuBose Tomassi reports for Forbes. “The analyst said a lack of readiness from major software vendors such as Quark, Microsoft, and Adobe Systems only compounds the uncertainty factor.”
“However, the analyst said, Apple has multiple means for growth due to multiple initiatives the company has undertaken,” Tomassi reports. “The analyst maintained a rating of ‘outperform’ on Apple shares. ‘To look at a potential short-term trough in these curves and extrapolate the business based on this period is short-sighted in our minds,’ Munster said. The analyst’s price target on Apple is $103.”
Full article here.
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Gotta’ love ’em.
As long as they say ” it is a buying oppurtunity” DO NOT BUY IT
( it usually means alot of non-royal investors are in the stock
and they are only in it to get rid of it soon )
They have been saying this since the stock fell to $78 from $85
Analyst covering his ass for recommending to his clients to buy Apple at $85 and then the stock dropped like a rock.
MDN – how many shares of Apple did you buy yesterday?
MDN Armchair Analysts. Gotta luv ’em.
Don’t quit your day job…
Stockboy — What’s your point?
MDN isn’t allowed to own a stock about which it posts articles?
Do you even have a point?
Heres my suggestion
buy 5 shares at $64
buy 15 shares at $59
sell at $73 in a month.
Munster is one of the few analysts who “gets” AAPL. His advice is gold. Like gzero sez, all you AAPL bears: Don’t quit your day jobs!
Sorry, Sumer, you are an idiot. You left out the part about paying taxes and commissions on such a silly suggestion, nearly wiping out your profit.
Munster is not covering his ass at all here. PJ has been consistent and very analytical in their approach to Apple. They are one of the few analysts who actually seem to “get” AAPL and Apple. Here is someone cogently explaining why he is telling his customers to stay with AAPL, not someone explaining away bad advice.
The stock is a buy opportunity anywhere in its current range, especially if one is a long-haul investor, or an options player. The stock market is no place for panty-waists like you and Stockboy anyway.
Wonder what Eddie Munster would do…….
The fact that stock fell under $70 will get attention of many investors who were in it for the long term, and when you drive such attention to a stock, it is likely go deeper deeper down. When a stock falls under a $80 or $75, or $70 there are additional preasures on it, its not just negative news.. So if it gets to close to $65 expect it to go below $64 as well.
It seems to have stabilized today. Well see if it creates a base here. If so, then it very well may be a buying op.
But I wouldn’t buy until the stock stops it’s fall.
JFK’s Head – regarding your 2 cents comment. You got it wrong.
I am guessing that MDN owns NO stock in any company and has not a clue about investing in the stock market and therefore should not be giving advice on Apple or any stock.
MDN keeps screaming “buy now!” but I really doubt they put their money where their mouth is – just Mac fanboys rah-rah-rahing like airheaded cheerleaders.
Yesterday Apple was at a low – MDN was calling it a buying opportunity – did they buy?
the other Mark “But I wouldn’t buy until the stock stops it’s fall.”
Brilliant thinking. When will that be?
Stockboy — Got it. Bygones.
But isn’t it true that AAPL seems headed for a probably-temporary support price in the mid-$60’s?
I think so. Hence, a buying opportunity. Plus, I also saw MDN mostly writing the stock-buying comments as questions. As in, “Is this a buying opportunity?”
Do you ever hear MDN say “Is this a selling opportunity?”
Ever hear MDN advise it´s readers to take profits then buy more?
MDN are fanboys flaming around with cliches´; like flies hovering around the turd of the day: “whew! this stinks, great!!!” – clueless on what and why one buys and sells stocks, but yet they try to give the air that they are wise money managers.
And clueless as to why most people should avoid investing in the stocks and invest in something less risky.
is that ‘stockboy’ as in, person that trades shares
or ‘stockboy’ as in, peon that puts cans on shelves?
to “just wondering” – you wouldn´t know the difference…
—-
Hey, MDN, all us MDN readers bought Apple at $85 when you said to keep buying – the stock is now at $66 and dropping. Thanks a lot.
February is always a sell off month