Major
Footballguy
Funny thing is that the stock should be up $130 not $30. I think Apple here at $450 is one of the best entry points I have seen in a long time. You are basically paying 12 times earnings for a company that is doubling year over year with $100 billion in cash and no debt. This year they will release a new iPad, the long awaited iPhone 5 (completely new form factor) and perhaps Apple TV. More importantly you will see Apple get tremendous traction in China and India in 2012. You have a scenario now with hundreds of millions of people around the world who have purchased an iPhone and who as a result will switch to an iMac or Macbook for their next computer. Very few of these people will ever buy a non-Apple product again for the foreseeable future. As I have said for years barring any major screw ups or a global meltdown Apple will be the world's 1st trillion dollar company in the next few years. It is currently valued at $450billion. Oh yea - one more thing: Apple will announce a dividend this year (I strongly believe this announcement will come in the next 3-6 months or sooner) and on the day it is announced we will likely see a 50-100 point move in Apple stock. Good luck