Apple

[Vanraw]

Yeah, up 41% over the last 5 months - pretty nice comeback,
.

Seriously? You just randomly choose your 5 month period? Easy to choose the low of a sell off historically and call it. Might as well say its down from 702 on September 19th 2012. Or how about 1 full year when the stock was 586 on Dec 3?

Or how about on August 16th when you posted here that you wanted to buy more because it was going to 1000. On August 16 AAPL was 636. How does that buy look today at look with todays 556?

How about your post on September 14th 2012 when the stock was at 691..... Just keeping you honest here man.

Okay, I know you guys are not Apple fans (except Breand), but I'll sell my book one more time.

Despite the stock hitting new highs every day, I don't think it's too late to get in. Not even close. The iPhone 5 preorders sold out in one hour - it took 22 hours for that to happen with the 4S, and that was a blockbuster seller. Next two earnings reports from Apple are going be beyond huge.

If you don't want to risk too much money, I recommend call spreads. You can get them very cheaply, and make a killing if the stock takes off. Or if you want to really roll the dice, buy a Jan 2013 $960 call for $1.06 ($106). If AAPL is $1000 on that date your $106 will have ballooned to at least $4000. Another option - $895 call for $263. AAPL at $1000 would pay out $10,500...

(naturally I take no responsibly for any losses if AAPL drops to $100 )

By the way the Jan 18th AAPL stock was ay 500, and the 960 calls would have been zero. Grant it would have only been a loss of 106, but still.

My take on Apple hasn't changed, is that the numbers are impressive, but it still hasn't shown me anything innovated from a business or product perspective that makes its products anything except a commodity. This is the problem with apple. The reason the multiples are not there is people do not believe in a sustained growth level. Not to say they don't make a good profit.

They are becoming Microslop. A company with a great product but revenue based on updates to the product, not new growth. At least not at percentage levels that excite.

Don't get me wrong, I've made money on Apple. And I will again. Buying on the dips and selling when it hits my targets. If the and when the stock hits 600 I may buy some puts.