Quote:
Originally Posted by Ruggles
I think it is and has been overpriced for a while. An I am a Apple nerd. This has been a long time coming IMO. They make world class stuff and are innovators unlike any others but not to the degree the stock is priced now IMO.
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If memory serves Apple has ~900,000,000 shares outstanding. And by now maybe $150,000,000,000 in cash and near cash in the bank - mostly overseas I might add. The company by any sane metric is having one of the best years of any big company ever. I think a number of big players have equity positions in Apple and they are talking the stock down as hard as they can. Why? Because these guys love to own a stock and short it when the winds blow against a good stock. So they make money as it tanks. And they make money as the stock improves later on. I've done this myself in a tiny way.
I'm close to buying some more.
It'll be interesting to see what happens.