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Technology Stocks : Apple Tankwatch
AAPL 270.82-1.0%Dec 22 3:59 PM EST
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To: zax who wrote (25366)3/1/2013 5:58:25 PM
From: pyslent  Read Replies (4) of 32692
 
"The MOMO train has turned on Apple, as long predicted."

Momentum is clearly against Apple, no question, but personally, I think the "reverse bubble" in the stock has gone a little far. Mac sales aside, Apple's core business (iPhones and iPads) is strong, and "Microsoft threat" hasn't materialized. 48 million iPhones and 23 million iPads are impressive numbers. I can't think of any stocks that currently offer such an enticing risk/reward ratio, speaking long-term. Unless you think those units numbers are coming down, I have to imagine that history will show the current price as an excellent buying opp.
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