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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: sandeep who wrote (147432)	12/27/2012 1:30:47 PM
From: Trader J	8 Recommendations Respond to of 213172

You don't really believe that though do you? Or do you really? The Jobs thing of course is an issue that must be managed over time. And over time it will be found that Jobs was either the true genius behind Apple, a genius level figure head with great support below him, or somewhere in between. I for one don't believe that Jobs was all Apple had. Nor do I believe that everyone left are "wads". :) Even if that were the case, Apple has such a HUGE brand and implemented vertical market of products, that they will have the wind at their backs for a long time in exploring and engineering new verticals. That does not guarantee success but their legacy products still have a lot of room for further growth, especially given current stock valuation. Sure the sexy thing right now to throw at Apple is the Jobs effect, new growth markets and expansion of the valuation metrics into their capitalization. But they are cheap now and for years to come based on legacy products. There is money to be made, and a lot of it, over the next 36 mos. in this stock. No, I'm not bullish about the very short term but I could be in a flip of the swtich. Don't think for a second that the hedgies have left this stock for dead here at the end of the year. There can still be a nice drop on volume, but it will be produced to provide for a greater foundation for a leg up. Blood in the streets with the market darling is what you want for trading. And it's great too for initiating first positions if you're looking to get long. We've seen this same action with many of the recent decade darlings, every time. I plan on getting burned with each of them with my last positions. The key here is the "last positions". Trade the momentum dozens of times, get burned with the last one ... and then wait.