Monday, October 22, 2012

AAPL: At $610, Apple Is Again A Buy

At $610, Apple Is Again A Buy
by Adam Levine-Weinberg

Last month, with Apple (AAPL) trading near $690, I suggested that the stock was likely to pull back before moving higher. I urged investors to wait for the price to drop to at least $650 before adding shares (with the one caveat that investors should also consider buying if Apple added China Mobile (CHL) as a carrier partner). At the time, I was worried about supply issues holding back iPhone 5 sales, the possibility of disappointing guidance for Q1FY13, and the difficulty of year over year comps (all three issues are inter-related). read more »

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