Apple (AAPL) is a consumer related stock and with the tightening consumer credit and a recessionary environment consumer stocks tend not to do well. Having said that, AAPL's stock price seems to reflect this negativity. So while at $120, I recommend buying, it would not surprise me if the stock went down to $110 or even $100. That is why I recommend you buy half now and then put in a buy order at or below $110 for the rest. In 2-3 years, the stock should double your investment.

-- Faisal Laljee
Full Disclosure: I do not own AAPL but my position can change anytime without notice.

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