Originally Posted by kimoser22
What are peoples thoughts on buying the dip in AAPL? This would be holding through the end of the FY. (I am already long AAPL, just wondering ppl's thoughts)
Aapl is probably a favorite to touch 600 again between now and the end of the year. That said there is certainly no need to increase your exposure right here. I wouldn't recommend buying a dip at 569.
$554, $548 and $522 are all support levels it can ($522 id say can) and likely will ($554, 548 Id say likely will) drop to.
If the market should slip into a further correction or legit bear market things can get even worse.
The 200day moving average Currently $503.46 might be a solid add price.
$430 is probably your absolute rock bottom European meltdown, China implosion, US Unemployment skyrocketing price.
Also..if your planning on holding this through the end of the year you might as well hang on in 2013 for the new product cycle.