re: Time to sell or short Apple IMO

They are cool to check/respond to texts. You can answer calls and have conversations (looking like Dick Tracy). Calendar etc. I use mine to control my appletvs. Overall If it were $150 they'd sell like crazy. At this price point, they are just gadgets.

They will figure it out, though.

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Same with the iPad, tablets had been around for a while, and it's arguably an extension of the Newton and earlier PDA devices. Plus it a more broad sense it displaced ultraportable laptops for people needing casual portable computing.

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Also never underestimate what other people might see useful in a product. I thought a tablet was a waste of money. Now...I have owned four and it's my most used possession. TV, Scheduling, reading, etc.

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To the other guy, I'm not saying that Apple is going to crash and burn. I just don't think they've reached their correction price yet.

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That may be true. But everything I've read has said it is way undervalued compared to its peers.

It's the most heavily traded stock there is and makes up a MASSIVE percentage of the DOW and S&P.

If you like trading small windows of volatility, its a good one, but the fundamental "weaknesses" you and others talk about, I just cannot buy into the way things stand.

Well hello there China

It's time to buy AAPL

Yeah, currency devaluation yesterday hurt. With China's current problems, I see more of the same to come.

Apple still has another leg or two down in it IMO.

Apple is way below its 200 DMA, i mean technically looks broken, but obviously its apple so its fine but algos run the markets and they will be sellers till technical levels are reclaimed. In the meantime Id suggest picking a price you don't mind owning apple at and selling some puts down there bc the IV has expanded drastically there is fear galore out there, realistically everyone and their mom is long the name and a washout is healthy.

Yeah, you can't short apple for long periods due to their track record of innovation, but I don't think there is anything special in the pipeline right now, so it seemed like a safe enough play. They are still too strong of a company with a ridiculous balance sheet. Good article today about how they could add 5% to earnings per share with ease for years and years just buying back stock with the 200+ billion on their balance sheet. Essentially, they could just take about 30-40% of the shares off the market at anytime with their excess cash and easily support a higher stock price.

A company that strong is not one to short for a long time. I do still think their long run of crushing estimates and huge growth is over if or until they innovate with a new "must have" product. They are in mature markets now with no guarantee of that kind of innovation in the future.

Just saying the easy money has been made with Apple unless or until something changes.

I could copy and paste posts here from 5 years ago and they would match your posts here almost word for word, Miami. That was back when the market cap was $200 or $250 billion.

It's the same song and dance. Apple's done....it's over.

Did you see the Q3 earnings? Largest company on the planet was from Q3 2014 to Q3 2015 up $37B to $50B revenue and profit up $7.7B to $10.7B.

I don't pop in here much but when I do, some form of this thread always seems to be here and has for years.

They never seem to hold up other than for short stretches.

Your OP seems prophetic but your reasons posted in the OP have not borne out and the beating Apple has taken didn't occur in a vacuum but occurred during a general bloodbath.