Apple under $100 + new announcement - time to buy?
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spider348 answered one month ago …
AAPL reports on Oct 22 - never know what that will do to the price. Another thing, this market could drag APPL down further -6% today. Add in the $85-90$ consolidation range from last week (is that your stop loss area ?). Personally, I am waiting for the dust to clear on everything
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MNSL answered one month ago …
Most analysts are positive in this stock. We can not always rely on analysts now.
But I think it will go down further. If you are long term investor you can buy when there is a fire sale.
I think this is not the time to invest in technology sector. I do not think this sector will generate businesses in the next 03 years. Some European companies are considering to reduce cost on technology in the future. Some companies have realized that they have overinvested in the technology and as a result they are finding difficult to maintain their profit level now. Now they are considering some alternative low cost models.
This sector is more vulnerable and this is the period to shift your bubble sectors with promising sectors. Generally month of September and October some fund mangers re- balance their portfolios and they invest in promising sectors while selling sectors that not going to outperform market in the future.
Intelligent global investors already sold their stocks in sectors such as resources, property and technology sector. Now they are accumulating quality stocks that going to outperform market in the next 12 months and next decade.
Even some specialist funds and hedge funds have targeted some sectors and they will accumulate aggressively sooner than later.
Current mess has made some sectors very attractive now.
This is the time to invest in rotating sectors.
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