Apple is a Peach
I have said this below and I will say it again. Apple (AAPL) is a buy at these levels. The recent decline is unwarranted and the new Mac Mini, along with the new Macbook with Intel Duo Core processors, the Video iPod, 1GB iPod Nano and additional video content will put up good numbers for Apple. At 64 and change, this stock is a peach. I believe a 30% move from these levels through year end is very much on the cards.
I completely agree with you Faisal. Apple is a great buy but I would hold off on purchasing too many shares of this company until after the first quarter earnings. Why do you ask? There is one major reason. The earnings and sales of the new Intel notebooks and Macs will be available during the first quarter disclosure and everyone will be able to see how well the company is doing with their new products. Of course, if the earnings come out great, you might have lost out on a great buying opportunity. That’s why I’m saying not to buy too many shares.