“When I want a good laugh I watch the cult movie ‘The Gods Must Be Crazy.’ When I look at the price action on Apple (AAPL) recently I think ‘The Market Must Be Crazy,'” ,” Jim Van Meerten writes for TheStreet.
“What the heck is happening here? I can’t see any reason to sell this stock and I see every reason to have it on your watchlists and be prepared to hit the buy button at any moment,” Van Meerten writes. “”
Van Meerten writes, ” If you own Apple, hold on to it. If you are trying to decide to buy more, realize that this is a stock with double-digit projections for growth in revenue and earnings selling at a discount to the market. Analysts are telling their clients they can make 15% to 22% annual total return.”
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