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Of course it will bounce back, it's a been a solid stock for 5 years, and iPhone 'revolution' is just starting. RIMM should be worried....
All categories of Apple products are solid, Mac OS X, Mac Book Pro, Mac Pro , iPod, the new 'Air' and of course iPod / iTunes.

It's the best line up in Apple's History, which is say alot....

The revolution is just starting. It shouldn't scare anyone that a few money-hungry investors got scared and the price dropped a little. The next time Apple throws out one of those media invitations to a "Special Event," I think we're gonna see that thing skyrocket again.

sorry,

which is SAYING a lot....
(i rushed the last post to be first!)

Jan 23, 08 - 02:38 pm Comment from: ericdano

I still don't understand the stock market.

Wonder what Kramer thinks of all this...........

I'm thinking that maybe "manziere" would actually work better than "bro."

http://www.youtube.com/watch?v=PqsRB9kEYEU

Yea i agree, people who are selling make it easyer for us to buy when they are cheaper. They will bounce back so people who are selling are just stupid.

Apple doesn't have to prove a thing to anyone, just execute it's plan. Imagine if Apple decided that, above all, it wasn't a software company or a consumer electronics company, but rather an industry UI innovator. That it can study and enter into whatever industry it chooses and toss out the debris and assumed limitations, and redesign with a fresh eye towards simplicity (look out Detroit). This would make it the unstoppable juggernaut, and there's no one else out there who wants to a) change the world, and b) has the tools, drive, and DNA from the top down to do it. How much would that company be worth?

Actually "the Street" movers and shakers have bought their fill of Apple stock at super low prices and now start the "positive" Apple journalism (yeah right) so the stock price will climb.

Once it starts back up, they will gloat how they were right and suddenly everyone else will see Apple as super under weight and everyone will try to climb back on the gravy train.

JMHO.

en

Yeah and when that recession hits everybody is going to buy $400 cell phones and under powered MBA's...

Just my $0.02

Don't listen to Jim Cramer.... listen to Cosmo!

Jan 23, 08 - 03:10 pm Comment from: Jubei

$131. Oh man. I wish I had more money to buy this stock now!

Comeback? Apple went away?

Well, if TheStreet has a positive feeling about AAPL, I don't really see what can stop it now....

"Don't call it a comeback
I been here for years
Rockin my peers and puttin suckas in fear
Makin the tears rain down like a MON-soon
Listen to the bass go BOOM
Explosion, overpowerin
Over the competition, I'm towerin
Wreckin shop, when I drop these lyrics that'll make you call the cops
Don't you dare stare, you betta move
Don't ever compare
Me to the rest that'll all get sliced and diced
Competition's payin the price"

-L.L. Cool Jay

Jan 23, 08 - 03:25 pm Comment from: HolyMackerel

The halo effect is working and all the iPod users are buying iMacs and MacBooks. Soon they will be buying AppleTVs.

Its good how they get continuing revenue on all their sales:
Macs: Leopard and apps
iPods: songs
iTouch: Apps in Feb
iPhone: ATT revenue
AppleTV: Rentals

Even if new sales slow, the revenue keeps coming in.

gotta love profit-takers...

Jan 23, 08 - 03:31 pm Comment from: ChrissyOne

@ Cosmo Kramer

I was thinking that I'd love a garbage disposal in my shower.

Jan 23, 08 - 03:32 pm Comment from: James

Didn't Jobs say about the iPhone, 'It's the best iPod we've ever made'? What are the numbers like if you add that to the mix?

Jan 23, 08 - 03:40 pm Comment from: The Other Steve

How do you "Come Back" from the best quarter in Apple history?

Jan 23, 08 - 03:47 pm Comment from: ChrissyOne

This is more than profit taking. This has a lot to do with the 2008 tax code and capital gains. This year is when the gains rate hits rock bottom and that is why capital markets have been selling off since the first of the year.
I think that most people don't really understand how capital gains are taxed and how the whole system works, especially when it comes to the estate tax. If you take the time to learn a little bit, it might change your thinking a lot on the subject of how income should be taxed.
But then I guess it's just easier to parrot the news and cry about the 'death tax' and other such nonsense.
But know this - when you lower the barriers and controls on how people can make money, this is what you get. Lower the gains rate more, and I promise you that the markets will keep falling.

Jan 23, 08 - 04:42 pm Comment from: Ampar

"$400 cell phones and under powered MBA's"

Yeah. It's a real shame that Apple has cut their entire product offering down to two items. What were they thinking?

Just my sense.

Jan 23, 08 - 04:44 pm Comment from: Ampar

"I was thinking that I'd love a garbage disposal in my shower."

Make sure you put on perfume that smells like the ocean afterwards.

Well, I took a little off the table at $201, and doubled down today. I figured $120 to $130 is Apple's bottom based upon $6 eps x a twenty multiple, meaning, it's not growing like the dickens, like it has been. Of course, it'll grow like the dickens, so I see $120 to $130 as the bottom, fundamentally, even if that's the worst case.

Jan 23, 08 - 05:41 pm Comment from: ChrissyOne

@ Ampar
"Make sure you put on perfume that smells like the ocean afterwards."

I'll do that while I'm driving in my nice, wider lane.

Jan 23, 08 - 06:18 pm Comment from: ken1w

Fortunately, future revenue and profit are not directly related to current stock price. By that I mean Apple will continue to do what it does best, regardless of its current stock price. It just goes to show that a great company does NOT equal a great stock. Obviously, AAPL at $200 was a great company and a not-so-great stock. AAPL at $140 is a great company and a better stock.

Jan 23, 08 - 06:24 pm Comment from: ChrissyOne

@ ken1w

Then I hope the stock continues to worsen.

"But know this - when you lower the barriers and controls on how people can make money, this is what you get. Lower the gains rate more, and I promise you that the markets will keep falling."

So what? That free-market correction is FAR BETTER than the alternative.

Capital gains taxes are morally reprehensible in the first place. The government has already taxed the money ONCE, when you made it, before it was invested.

"... controls... on how people can make money"?- sounds like Hillary or Stalin.

Jan 24, 08 - 06:01 am Comment from: MacSheikh

@ ChrissyOne

Agreed. It can con't to worsen until the end of february when i'll have more money to buy more AAPL.

Jan 24, 08 - 11:41 am Comment from: Ampar

"I'll do that while I'm driving in my nice, wider lane."

Giddyup!