Apple might present an even better ‘buy’ opportunity than Google, writes CNBC’s Jim Goldman.
“Amazing to me that I even have to write this, but alas, such is the trading environment on the Street right now. And I stress the word ‘trading’ because this certainly isn’t ‘investing.’ If it were the latter, people would focus on the products Apple is selling, the pipeline it’s developing, the innovation it’s offering, and the market trends of which Apple continues to take advantage. More than that, if you believe that digital entertainment and easy-to-use, slick-looking computers that offer a great user-experience have any kind of future in the marketplace, then Apple offers up some true, longer term opportunities,” Goldman writes.
“Like Google, the Apple sell-off is overdone. Plain and simple. And those investors buying into the panic are missing the true buying opportunity instead. Larger forces seem to be at work here. Even if you believe there’s a slowdown in Apple sales, or that the company is bumping its way through an iPod product transition, do you really believe these issues are enough to shave half the company’s market cap away? Makes no sense to me. And a year from now, you gotta wonder whether this was the time when investors should have been buying,” Goldman writes.
Full article here.
[Thanks to MacDailyNews Reader “Gavin” for the heads up.]
MacDailyNews Take: Wall Street is a game and, right now, AAPL is the ball.
Apple is the ball, or maybe the whipping boy?
Any time I see someone charged with insider trading I laugh, because the whole “Wall Street” thing is all about insider trading and manipulation.
APPL is going down baby… down so much, it’s on its way to go through the ground… if you keep holding on to it, you might find oil in the process!!!!!!!!!!
And when we strike oil, we take over ExxonMobil, AAPL stock shoots back towards $200 and then carebear hugs all around!
@ peach picker,
You said it man… oil = lots of $$$.
Translation: APPL going down = Buying opportunity
Larger forces at work here? Hmm who could be the culprit?
APPL shares are trending down but that is attributable to retarded market forces and not because the company is becoming irrelevant.
Sales of APPL might have waned but we’re still buying its products in the same manner we did to pull an aimless Apple through the darkness of the Nineties.
None of this market crap has any impact whatsoever on my ability to pay the bills using my Apple gear.
So wtf, over?
Hmm how is MS stock doing? You would think with all its crappy products it would be worth 2 cents by now. LOL
@G4Dualie
“APPL shares are trending down but that is attributable to retarded market forces and not because the company is becoming irrelevant.”
Becoming irrelevant? Apple has to be relevant in the first place. How does peddling poor copies of Microsoft’s brilliant Zune MP3 player and trying to sell Windows wannabe computers to the same cult which comprises like 1.5% of the market make you relevant? Apple isn’t even in the same league. Get a clue.
Your potential. Our passion.™
@Zune Tang
Please, please, please don’t feed this troll. His humour is so boring.
Brilliant Zune MP3 player?! c’mon, I haven’t seen ANYONE with one, I have, however, seen tons of iPods… Plus Apple introduced the iPod in 2001 and upgraded it multiple times since. Then the bound-to-fail zune came out…. how is that coping? The market is turning my friend, and you’re just too blind to see it.
AAPL, not APPL. What stocks are you guys buying?
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Apple has far enough with 18billion $ aside to go on and overcome the traders psychosis!
I love how these over opinionated trolls cannot even get a stock ticker correct. Until you get your facts straight, you are wasting our time.
EmmTee, welcome to mdn, may i introduce Mr. ZuneTang …
Haha, I’ve been here for a while, just don’t comment lol, I’ve seen a lot of stupid comments from ZuneTang lol
Do a little comparison: go to Yahoo or wherever and track AAPL, DELL, and MSFT on a percentage of the last year on the same graph. They all follow the same trend. This is nothing more than automated trading reacting to the recession we’re in — the price fall has absolutely nothing to do with Apple’s (or Dell’s, or Mafiasoft’s) value.
Anyway, I bought in at $18, so even at $118, I’m still countin’ my winnings. And next year, take a look to see where AAPL has gone.
The herd mentality of a few million traders plus stupid rumors are more to blame on Apple’s stock predicament. THe majority of traders even the professional ones on “The Street” or in the pits rarely fundamentals or proper technical analysis. They have to make money for their larger clients because their job and bonuses depend on it. So what do you do ???Abandon all logic and try to control the behavior of the herd. IN the heat of the moment you’ll probably make a small (percentage) short term gain because you know your greedy clients won’t wait for a long term rebound. Mean time smart fund managers are quietly accumulating Apple share so as not to spook the bulls and start a rally that would quickly exhaust itself. Check the mutual fund managers that do a bang up job in the next quater…see how many bought AAPL.