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re: AAPL getting crunched this morning, down almost 6%
Posted on 9/11/13 at 11:27 am to LSURussian
Posted on 9/11/13 at 11:27 am to LSURussian
I think AAPL has seen it's high for a long time at the 700 area.
The iPhone was a huge invention. Companies don't hit HR's like that on a regular basis.
The iPhone was a huge invention. Companies don't hit HR's like that on a regular basis.
This post was edited on 9/11/13 at 11:28 am
Posted on 9/11/13 at 12:09 pm to LSU0358
quote:
I think AAPL has seen it's high for a long time at the 700 area.
I agree. It's still the most valuable publically traded company. It doesn't really need to hit home runs. It just needs to sustain profits to maintain its price. If that means selling lower end models to china and india, so be it. Profits will continue to increase from their app store as devices are sold. I don't see it going back to the 300s again but I'll likely buy if it does.
ETA: Nevermind. I just bought back in at 469. This thing is going through the roof again!!! ;)
This post was edited on 9/11/13 at 12:41 pm
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