AJerman, on 08 November 2012 - 19:59, said:
Haha, you always sound so upset and defensive when you post. I'm not trying to attack your character or anything. Apple has taken far more of a hit than the rest of the market in the last month or two, which is all I said. You made it sound like it just dropped in line with the whole market. Apple may not be near year lows yet, but that's because it's been going up too fast and $700 is just far overvalued for Apple. I think the bigger drop for Apple is a combined effect of the market's recent downturn, the fact that Apple was overvalued, and from everything I have seen, people starting to seem a little less excited about Apple these days. It will absolutely rebound, but I think saying it'll be back in the 700s in a few months may be a bit aggressive, especially when there's no indication of when it's going to stop dropping. But, that's what makes the stock market exciting. Anything can happen so we'll see how it goes. Too unpredictable and too damn expensive for me though.
Not upset or defensive. Just speaking my thoughts on the matter. The attitude in which you want to perceive it is your choice, but don't worry, I don't take anything from this forum personally.
But anyways, I do agree with you on the overvalued part. Expensive stocks like these have that label thrown around here and there. I too wouldn't touch Apple, Google, Priceline, or any of those crazy high stocks.