It is time to benefit from the irrational short selling of the apple stock over the last months. Despite market sentiment (check out the fundamentals) it is a good investment for the next 2 years at the moment. Still it might be benefital to wait a few days to get stronger support from technical analysis.
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Erik (Thursday, 11 April 2013 10:37)
I agree, that it could be a good opportunity to take an Apple bite at the moment, cause it might not come as cheap as now in future for quite a while.
However I do not agree that the short selling was so irrational due to stronger competition on the market.
And I must say, that the last products Iphone 5 and the newest notebooks haven't convinced me taking the high pricing lvl into account.
Fabian (Thursday, 11 April 2013 14:10)
Valid points, main reason is actually the decision of Apple what to do with the huge cash reserves over the next months. I believe that the more possible options will have a positive impact on the share price. Besides Apple TV offers some interesting further chances. As you pointed out it is just really a nice opportunity for a long term investment (2 years) at the moment.
Fabian (Tuesday, 16 April 2013 15:15)
Still falling so we will wait for a few more weeks until we see first signs of upside momentum.