“The defining characteristic of Apple (AAPL) stock during this stage of tech hyper-growth is that it always bounces,” Jason Schwarz writes for Seeking Alpha.
“This is what makes Apple the best investment vehicle on Wall Street. As an investor there are times to demonstrate conviction and there are times to run for the hills; the current five day selloff that started because of the iPhone 5 delay rumors represents a time to demonstrate conviction,” Schwarz writes. “These moments of uncertainty have a way of compelling buyers to get back in the game which is exactly what we anticipate will happen in this case.”
Although we doubt the validity of the rumor, let’s assume it is true, and provide five reasons why an iPhone 5 delay doesn’t matter:
1. Apple has too many successful product lines
2. Apple has officially turned into an international juggernaut
3. Launch quarters aren’t that great for the stock anyway
4. Apple’s stock valuation is already at rock bottom
5. Because the delay probably won’t even happen
Read more in the full article here.
[Thanks to MacDailyNews Reader “David E.” and “Arline M.” for the heads up.]