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Technology Stocks : Apple Inc.
AAPL 273.67+0.5%Dec 19 9:30 AM EST
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To: Lahcim Leinad who wrote (133011)5/5/2012 2:42:27 PM
From: rnsmth3 Recommendations  Read Replies (1) of 213177
 
Excerpt:

The two key levels of support for Apple's stock in the intermediate term are $537 (32.8% retracement) and $503 (50% retracement) a share..


Here is the end of that article

 Investors tend to overcomplicate things. Apple will undoubtedly see $750 a share by January 2013 and will likely see $1,000 no later than the fall of 2013.

Thus, we believe the best thing to do is just to go in and buy now, ride any potential drawdown to $537 a share, ignore all of the nonsense you are likely to hear on the way down and beat Wall Street by being smart enough to realize what they often do not. And that is the fact that Apple will inevitably sell 100 million iPhones a quarter within the next few years. When that happens, Apple will be trading far north of $1,000 a share. Who cares about a $30 - $50 drawdown when there is over $500 in upside for the stock over the next year or so. Don't make things so complicated. Just go in and buy."
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