Friday 26 April 2013

Has Apple Reached a Bottom?


Of course I do not ultimately know the real truth here. As mentioned in an earlier post I feel that margins will be OK and the stock is a buy in the low 400's. Many pundit's have argued that that the stock is making a transition between growth and value. Maybe so. Since the earnings release a few days the price action has been quite good. Here is the most recent chart (updated May 16) of Apple:




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