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November 13th

Apple Trading Violently; Time to Buy Shares

posted in Apple (AAPL) |

 

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There’s no doubt that there is some pressure in the stock market. Apple (AAPL) shares have been some of the most volatile, losing about $25 per share over two trading days. Thankfully, on some positive data about England’s iPhone sales, shares shot up over $14 per share. For future reference, Apple is still going to crush earnings estimates. Investing in the $150 to $160 per share spectrum should be heavily considered.

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This entry was posted on Tuesday, November 13th, 2007 at 12:27 pm and is filed under Apple (AAPL). You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

There is currently one response to “Apple Trading Violently; Time to Buy Shares”

  1. 1 On November 13th, 2007, Dan said:

    I’m currently invested in Apple, but I am tentative on whether or not there is as much room for further appreciation as you seem to imply in this post. Yes, I can see a bounce and rally back to previous highs (which I’m waiting for) but I’m not sure that there is much more room beyond that. If one assumes that a company’s forward P/E ought to trade near its longterm earnings growth rate, Apple is in line for P/E contraction should its earnings grow at any rate under 30%. I’m not sure that buying Apple at this stage in its stock’s cycle would warrant a strong longterm position. Maybe as a short term trade.

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