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Union Of Fundamentalist Stock Pickers Forum > Apple (AAPL)
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rivercity

Member since: May 07

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I've got to add AAPL to my long term holdings some time soon.  The forward P/E is what - 19?  and it's PEG is barely over 1.  At some point the stock drops low enough to be a no brainer.  I agree that there will be some impact due to a drop in US discretionary spending - but AAPL is certainly exposed to the world market.

Does the collective think it has hit bottom yet?

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Will Profit

Member since: Mar 07

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Unemployed pearl and sponge diver in south central Texas. This leaves me quite a bit of time for marathon poker games and binge drinking.
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I have been wondering when someone would start this topic. To me the key is "long term" even if it hasn't hit the floor yet, it is looking real attractive.
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snowman

Member since: Mar 07

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Construction Union
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World market in technology is temporary at best. In Asia they pirate everything. Then even if you do come out with a new product you end up spending tons of money to revamp. Tech has for the last few years been bought in July and shorted in January. I used to get caught up in the value of companies until I saw PE of 4 on KOMG then I realized the big boys will do whatever they want to a stock and there is nothing you can do about it. I don't think anyone dare get in their way when they drive down a stock either. The old boys club.
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spshapiro

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Rompicoglioni
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    I have been in and out of AAPL on numerous occasions over the last fifteen years.  It is a stock which has gone though fairly long periods of being in or out of favor.  Although it has recently fallen, I believe/hope this is not one of those moments when  it has gone from in to out.  I have sold puts.
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UPod

Member since: Dec 07

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Apple is certainly taking their lumps today ( 2/22/08 )
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Will Profit

Member since: Mar 07

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If it gets to $100 I will SERIOUSLY consider late winter 2008 calls.  
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spshapiro

Member since: Apr 06

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Rompicoglioni
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I wouldn't dream of telling anyone at what point they should buy or sell.  That is something that you must decide for yourself.  But today was a day that they put AAPL on sale, so if you were inclined, today was a good day.  Generally I get the chance to sell naked puts several times, before the option is ever exercised.  Today would have beeen a good day to get a generous premium on a put.  AAPL tends to move enough that there would be time to buy it back for half price (or better) if the option had a couple more months to run.  Anyway, I don't sell puts on stock that I wouldn't mind owning,  although I would probably write a call if the stock was put to me.
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lucky rabbit

Member since: Feb 08

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wait for the next pullback, then pounce.  based on the last couple of weeks i think the market has hit the bottom, we might see a little pullback in the future, but i don't see it going much lower. this bodes well for apple.