Thursday, November 8, 2012

Apple Inc. (AAPL) oversold ?


Apple Inc.  (AAPL) oversold ?
Allow me to explain my previous post ;
I am expecting a bounce up in Apple due to an oversold condition, heading into a right hand shoulder.
So yes, will buy on the dip, soon !

4 comments:

Anonymous said...

How low do you think it will go? What is the support level???

Gabriel

Anonymous said...

is it time? i don't recall aapl being this oversold and hated since early '09. i don't remember aapl trading with this low of fundamental metrics ever (even when they were bleeding red in late 90s). the ttm p/e is barely 12, the fwd is 9 and ped is now under 0.5. adj for the 122b cash balance sheet those are 10, 7 and 0.3 something, respectively. i think what is stranger is aapl is now significantly lower than the sp500 which is outperforming consistently 3-7x on e/r growth.

Anonymous said...

Here comes the left shoulder....

Anonymous said...

sorry...right shoulder!