The other day, Josh Brown from Reformed Broker was quickly dismissed by a vagabond on CNBC for recommending AAPL, down at these levels. The vagabond said something along the lines of “I only buy stocks that go up”, when confronted with Brown’s idea to buy AAPL. When it comes to buying beaten down stocks in an up tape, I think we can all agree that AAPL is exceptional and should be bought by those who believe in the long term story.
Slowly but surely, AAPL is turning the corner. Have a look at some correlation statistics, pitting AAPL versus the SPY.
I own AAPL, alongside some of my other long term positions, and will be averaging down next week.
Essentially, as is always the case, “The Fly” waits for his prize.
He waits for it in the rain. He waits for it in crane.
He waits for it in the dark. He waits for it in a park.
He waits for it all the time. He even says so in a rhyme.
After the waiting is over, he watches his profits soar.
To celebrate the occasion, he kicks one or two homeless men into the calm waters, by the seashore.
Baby Fly- 1980
I was flat for the day, up 23% for the year.
http://www.youtube.com/watch?v=_ynnWAVc_9A
If you enjoy the content at iBankCoin, please follow us on Twitter
I see $AAPL heading back to $500 before summer kick in. The new iphone launch (rumor or fact?) will be the catalyst.
Cheers!
What a lousy rhymer. Don’t quit your day job.
But I wrote it when I was 4.
Outstanding narration for a 4 yr old.
Thank you
Day I was born, handed Mama an $AAPL
Dada tickled my tummy; wanted me to say Goo-Goo-Goo-gle
Too cool to coo, I danced at three, in my five-hundred dollar Nike-e-s $NKE
On the first day of class, I kicked some kids ass;
He was a a moron; I was long Micron $MU
Epic
kind of you to kick the homeless into calm waters rather than down an open manhole.
AAPL is now 40% of my portfolio. Fuck diversity. This thing is going higher.
Otb degenerate gambler with aids
The Guardian’s live coverage of the Cyprus debacle:
http://www.guardiannews.com/business/2013/mar/22/eurozone-crisis-cyprus-bailout-russia-vote
Josh has a massive head. I can’t even look at his dorky mug and double chin without wanting to vomit. His website sucks too.
Tell us how you really feel.
AAPL’s absolutely in the midst of a bounce now, which is in accordance with the tight-fitting analogue I find in GMCR:
http://thebuttonwoodtree.wordpress.com/2013/03/12/anatomy-of-a-crash-studying-momentum-collapses-to-determine-apples-entry-point/
I have a theory that Apple is cooking up some serious secret stuff when it comes to manufacturing.
Obama said offhand in his speech that Apple was bringing manufacturing jobs to the US. There’s been screenshots of iMacs purchased at Apple Stores which the back is stamped with “Assembled in USA”.
It’s been known for six months that they’ve been drawing a lot of power in Elk Grove, CA.
The conclusion is fairly obvious, Apple is going into robotics. There is no rationale for doing it in the USA for any other reason. If you’ve seen the video on how they manufacture the case of the iphone 5, it gives you a picture into their process and the level of skill in robotics they’re working with. It’s clear they’ve been doing this for years.
Apple is turning into a robotics manufacturing play, perhaps it was Steve Job’s last posthumous idea.
I saw black helicopters in South San Francisco circling the AAPL headquarters. Rumor is that Jobs is still alive and has not left the building.
maybe they will introduce Jobs3000, fitted with Steve’s actually brain, which was downloaded into the Apple supercomputers, just prior to his demise.
It seems that I never learn. I was planning on selling 1/3 of my BBRY position today if the stock hit 17.04. It only got to 16.82 today and then started to reverse. Instead of selling, I added another 1000 shares @ 16.17. Suddenly the stock dropped on a WSJ article that said first day sales in the U.S. were soft! FU!!!!!
I meant to lighten up an instead added. Fuck me!
You guys seriously need to consider approaching the guy at Forexkong.com and get him involved over here. It’s like you guys are brothers r somethin.
I like his style.
Ask him to email me
Flybroker at gmail.com
I get the Kong daily too,
He makes mistakes as everyone else does. He owns it though and never weasels out like so many “Guru’s” these days
AAPL is and has been overcooked for some time now. 5 year chart, retest at play, the downside is way down. AAPL is going to have to reinvent itself soon. Samsung have filled the cool void on the phone side and nothing new has emerged on the Mac side of things for a long long time. AAPL time has come and gone. AAPL is for old people like you guys.
I’m not sure. Their products really are top-notch (other than Maps, a certifiable debacle) and don’t forget that they have something like 800 gazillion credit card numbers in iTunes through which users purchase just by entering a password. Lots of opportunities there to get even more money.
I think there’s some downside in the stock, still, but at some point it will be a good investment. Company isn’t dead.
Yes, not dead. It’s the fickle hype around the brand which is not sustainable and all the periphery products that leave them vulnerable. Time for a rethink and some consolidation I think. The comments here have convinced me even more. The Cult of AAPL….. will only end in tears.