“What do you do when you know things are slowing? When you know there is a back-up in Nokia handsets? When you know from Nvidia that notebooks are slowing? When you know that Intel’s not going to blow out the quarter? When EMC is no longer on the Goldman focus list for slowing growth?” TheStreet.com’s Jim Cramer asks for BloggingStocks.
Cramer writes, “I wonder if, as nutty as it sounds, you buy.”
“Of course, one could argue that the best one to buy — and I will argue it — is Apple (AAPL). There is no slowdown at Apple. There is only an acceleration, as Macs are doing much better than we thought and the rest of the business is great,” Cramer writes.
Cramer writes, “The issue there, though, is that despite the share price decline, is that business acceleration enough to propel the stock forward? I said Monday that it was. I am sticking by that.”
Full article here.
Cramer is crazy, but I agree with him on this one thing.
To buy AAPL below $170 – again.
Apple has always had appeal.
AAPL at 300, despite the over-emotional world concerns bringing them down.
@ ampar – that’s because it has deep-seeded core assets.
Listen to baldy, lose more money. Wait for 150, then buy.
To matt: Which must stem from fruitful market research and the willingness to branch out into blossoming sectors at the risk of wedging existing slices of the business pie.
@ Ampar
At least you can appreciate the gravity of the situation.
@ampar… but when can we harvest our profits. When the time is ripe?
Just lay off the sauce, guys.
C1: I believe that’s the First Law of eMotion.
S.B.: Investments must be cultivated properly first. When the wining gets too loud though, that may be a sign to pick the low hanging opportunities.
@Ampar, C1, et al pundits:
I’ve LMAO whilst reading your beautiful punditry…poetry in motion.
I’ll just keep bobbing for lower prices.
“I’ll just keep bobbing for lower prices.”
You Will Tell us more?
I just bought 9 shares (yeah I know) at $170. Little by little as I can afford whenever there is a dip. I figure APPL will be back near $200 within 60 days. I could be wrong, but if it drops lower and I have more money, I’ll buy again. Not quite the bargain that my first shares were at $37, but I still have faith.