A P/E of 12 for Apple???
By far oversold and could be because of Facebook IPO where some could have pocket the gains to enter the world of FB.
But at this current level, it is a bargain for everyone that think Apple will continue to deliver great results.
I expect a rebound over 575$ rapidly unless naturally the world continues to fall apart.
I would wait a bit this morning before committing to a buy as futures are indicating a nice pop at opening but we have been ticked many times in the last 3 weeks where market did not hold the gains and closed lower. So be careful here.
As usual do not invest more than you can afford to lose and always do your due diligence before investing in any stock.
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By far oversold and could be because of Facebook IPO where some could have pocket the gains to enter the world of FB.
But at this current level, it is a bargain for everyone that think Apple will continue to deliver great results.
I expect a rebound over 575$ rapidly unless naturally the world continues to fall apart.
I would wait a bit this morning before committing to a buy as futures are indicating a nice pop at opening but we have been ticked many times in the last 3 weeks where market did not hold the gains and closed lower. So be careful here.
As usual do not invest more than you can afford to lose and always do your due diligence before investing in any stock.
Get TEH PLAY OF THE DAY on Twitter: @investman2
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