Jason Schwarz in The Street with another prediction about Apple’s high-flying stock price.
All those investors who are loaded up on January out-of-the-money calls—in hopes that the Verizon, China, iPad/iPhone, MacBook Air, Apple TV and earnings catalysts will lift the stock—have failed to identify the current market trend and have failed to accurately interpret historical precedent.
Is there a good time to buy APPL during the 2010 death march?
Actually, the 2009 Apple comparison could be setting up quite nicely. During that death march, the only productive time to own Apple was from the Dec. 7 low of $188 until it reached $209 on Dec. 24. If we can get an entry below $300 during the first 10 days of December, we will be compelled to buy.
I think I’ll hold on for awhile longer.