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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?

To: steve harris who wrote (13191)	5/18/2012 7:46:39 PM
From: Cogito	Read Replies (2) \| Respond to of 20435

Steve, I got in to AAPL at the beginning of the round, which was obviously too early. But I don't try to time the market. I believe in buying what you know, and letting it appreciate over time. Some analyst recently pointed out that buying AAPL at its peak in any of the past three years, then holding it for 12 months, would have been very profitable. That's not true for 2012 yet, but let's see where the stock at the end of March in 2013. I think right now is a good time to buy, with the price at around 20% off the recent high. One reason I think so is that Andy Zaky at Asymco issued one of his rare buy recommendations, which he does only at specific times under certain conditions. His record on those is really good. Spectacular even. Somebody posted a link to this on the Apple thread yesterday. Zaky says the stock is a buy anywhere between 500 and 530. It's ridiculously cheap right now. The market is pricing AAPL for just about zero growth.