Do we think there is something fundamentally wrong with the company that is reflective in the stock action this week. A drop of $55 in 5 days is pretty significant, but it also has climbed from 575 in a heartbeat to 705.
I think, there is a lot of negative news, analysts downgrading, lowering forecasts, etc. With all the negativity, people, not sure of how many institutions are selling, nervous of a miss of earnings this month or apple has hit a top as some may say.
I continue to hold the stock with confidence that this is another blip, that is a buying opportunity. I was curious of others and what their thoughts are on this weeks fall. My view is the company is executing, mini, Iphone 5, dividend, lots of cash, low PE and holiday season upcoming. Am I missing something?
Someone had mentioned a number of posts ago, the biggest concern issue is the macro economy, which I agree could present problems. However, apple is always thrown under the bus one way or another and spun so negatively in the media.
Curious to see what happens next week prior to earnings, but I would be curious to hear what others think is going on.
Have a good weekend. |
