Apple Inc Worth Buying?
We know what you are thinking, another article about Apple Inc. (AAPL)? Everyone is trying to figure out if you buy Apple now, wait for next week's earnings call, or just stay away?
Yesterday Apple's market cap Lost $22B. We pondered what you could buy with that. Making the cut were the Most Expensive Movies ever made No1. through No. 39 totaling $3.7 billion
1) Pirates of the Caribbean: At World's End in 2007 for $300 million
4) John Carter in 2012 for $250 million (quite possibly the worst movie ever made)
6) Avatar in 2009 in $237 million
39) Waterworld in 1995 for $172 million (the largest at the time and better than John Carter)
God only knows how low Apple shares can go? If you go by the chart alone most experienced traders wouldn't touch AAPL with a ten foot pole. It's a sad downtrend with no brakes. You don't have to be the Mariner to know this chart sucks.
We have all read the arguments about how cheap Apple's stock is right now, but how about the other view?
The best article today about pondering buying Apple Inc. was done by Rocco Pendola a hired gun at theStreet.com. Read up on his article before you decide to throw money at Apple Inc. He has a sensible argument.
There's No Good Reason to Own Apple Stock
NEW YORK (TheStreet) -- I always thought investing was about making money, not proving a point.
When we discuss the notion of emotion in investing, it's about more than cheerleading for a stock or averaging down on a dip in a misguided attempt to save a position. It's as much about losing sight of the reason why you invest in the first place.
When you take that perspective, it renders Apple (AAPL) a stock not worth owning, at least not to a level approaching anything that resembles a core position. Why step in front of the train of negative sentiment and uncertainty? There's no good reason.
In January, I made an appearance on CNBC's "Fast Money" program where, afterward, viewers claimed the experienced panel schooled me. I have no problem admitting that nervousness and anxiety, at times, get the best of me. But, it's imperative to point out my primary takeaway that day: Do Not Buy Apple Ahead of Earnings.
At the time, one of the Fast Money panelists told us that "in the short run Apple could go to $550." Another countered my contention that cost basis matters in buy/sell decisions. In retrospect, it's a shame my jitters -- and their aggression -- prevented me from getting my take across clearly. Continue..
Bottom line: It's a roll of the dice if you are going to pick up Apple shares at this point. Best of luck to all holding AAPL before the call next week.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Saturday Night at Chess Cinemas | iBankCoin.com
- Guest Post: Does the FDA Think You’re Stupid? | ZeroHedge
- Why The Fed Won’t Taper In December | ZeroHedge
- Republicans Soar Above Democrats In National House Races | ZeroHedge
- Market Seasonality and The Fed Are a Powerful Combination | Financial Sense
- Plenty of Biological Gems Washing Up Ashore | iBankCoin.com
- STTG Market Recap December 5, 2013 | FundMyMutualFund
The most relevant financial news and articles from the Internets
- A Congressman Helped Push The Air Force To Keep Using Aircraft It Didn't Even... | Business Insider
- 'Mad Money' Lightning Round: Facebook Has More Upside | TheStreet.com
- Notable... | StreetInsider.com
- Zach Johnson Beat Tiger Woods... | Business Insider
- Adventurer Who Inspired James Franco Movie '127 Hours' Arrested For Domestic... | Business Insider
- Denver Broncos Kicker Makes The Longest Field Goal In NFL History | Business Insider
- 2012 Honda CR-V | BusinessWeek