my long term AAPL stock doesn't get touched, but my European fund account just sold. it can keep going up and i'll be happy, but i am too nervous given that it was in the 120s not long ago. today has been a fantastic voyage to help me purchase more in Euros, but it's just gone up too quickly for me to believe it can be sustained. then again, i have been thinking that AAPL was a complete BARGAIN in the 120s so who knows?<br><br>
Not really. <br><br>The unreasonable sell off of some very good blue chip stock is what has been irrational. The lemmings have been jumping out the windows at a fine click lately. Blame the hedge fund traders for a start.<br><br>As for a recession which the media likes to blast in their headlines? Tell that to the average joe who doesn't have a clue what it is or what it means. Been in an Apple store lately? The "R" word isn't in those folks vocabulary. I'm not saying there isn't some slowing of the economy. That's bound to happen from time to time.<br><br>There are some big investigations that are ongoing right now into some of the stock market's workings. The sub prime fiasco is the tip of the iceberg. The securities folks are very busy right now. Look for some new trading regulations in the future as well as some possible hefty fines.<br><br>When all is said and done.... markets go up and they go down. I have a fantastic financial advisor who has me invested in an excellent fund. I've taken about a 5% loss on the 17% gains I made in the previous year and with the expert cherry picking the fund managers are doing I'll be cleaning up in a couple of years. AAPL is part of that equation too. <br><br>
well, to be fair to folks selling . . . AAPL had a very poor P/E ratio for a long time. even now, it's at the upper limit of what the typical investor would prefer. it's in the range of Google, but i think most analyst would agree that Google has more potential for growth than AAPL. i was sort of hoping 150 by the fall and here it is over 140 already today after being 122 less than 5 days ago. that's an amazing rise. i can see how it seems undervalued given what it was at a few months ago, but the correction was appropriate.<br><br>
I strongly disagree about the growth factor of Apple. It has tremendous potential.<br><br>One strong factor regarding Apple is it's ability to to constantly come out with insanely cool items and change the landscape of wherever they go. There is a lot more to a company than P/E ratio. Look at Microsoft. <br><br>
that's true, but Apple has been a global company for 20+ years and they've failed to tap into the global market like many investors would hope. Google, on the other hand, is digging it's heals in and trying to get control of the world . . . for example, they're battling hard in the Chinese market. that could potentially be much larger than the US market down the road. Google has a much higher sky limit than Apple (and it already has a higher market cap than Apple); however, i'd agree that Apple should not be on the same P/E ratio scale as a typical American company for the reason you cite.<br><br>
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