CITI: Now is the time to buy Apple stock
Moreover, as we’ve previously seen, the pullback has happened before in the near past and Apple has always rebounded by 20% to 50%, stronger than earlier.
Here is CITI’s analysis, it might turn out useful if you are considering investing in Apple:
1. megaSUNNY (Posts: 57; Member since: 26 Jun 2012)
may be in future it would be time to buy whole apple
6. PhenomFaz (Posts: 1066; Member since: 26 Sep 2012)
I'd buy whole Apple to make Apple Pies!
I highly doubt its the right time to buy Apple stock...as a matter of fact I think its not gonna be a good time to buy Apple stock anytime before 2014 the year when they'll lainch iPhone 6...but then again maybe it wont be a good time to buy even then ever!
18. kalandershihab (Posts: 57; Member since: 09 Mar 2012)
like you can buy the stocks of any other company..
22. PhenomFaz (Posts: 1066; Member since: 26 Sep 2012)
if it helps to clear your doubts I do trade in the stock market and provide investment advisory services as one of my consultancy services :)
32. QWIKSTRIKE (Posts: 854; Member since: 09 Mar 2010)
Apple is possiblyin its "B" wave as I reported the last article written by P.A. where I said Apple will probably test lower 500.00's and it caught support at 505.00.
Apple will try to test 700.00 highs and those trapped at that top will dump sending Apple into its C wave. Then you foolish buyers listening to "Scammers" like Citi trying to unload it shares to unsuspecting buyers looking for dip waves at a 5th wave top.
Remember I predicted the Elliot wave article was completely correct, and that P.A. has no clue....and they still don't. Phenomfaz is absolutely correct. I can post a "real" technical chart with the wave count for Apple for anyone wanting to invest.
You don't want to be in Apple or in tech 2013, and should be defensive in the stock market going into 2013, and definitely by the end of the 1st quarter!
35. taskermatic (Posts: 2; Member since: 30 Nov 2012)
So your willing to stake your reputation on that? I see apple shares rebounding by at 10%+ from todays price in the next 6 months. Meet you back here for your explanation when I'm proved right mr consultant!!
37. QWIKSTRIKE (Posts: 854; Member since: 09 Mar 2010)
I was correct Mr. big mouth but I have not heard from you I have led Elliot wave classes in a real trading group on Ihub....Investors Hub for the lame BTW Just Google me on there or Twitter.
Apple did just as I said period....my rep in the groups that I go to, and have lead will vouch for my credibility. You can ask me about "ANY" stock and I will tell you its technical fate and be 100%.....I bet my rep on it!
38. QWIKSTRIKE (Posts: 854; Member since: 09 Mar 2010)
Where are all the would be dip buyers. lol
26. Nadr1212 (Posts: 741; Member since: 22 Sep 2012)
Wish this was as interesting as the other news PA brought to us
3. toiletcleaner (Posts: 184; Member since: 10 Oct 2012)
lol. is not the time to buy. is time to sell. is time to buy Blackberry stocks. at 14$, once Blackberry 10 get out. stocks will jump maybe at 25-40$
4. wendygarett (unregistered)
When the analyst say you should buy... It means you should sell... That the rules lol :)
12. Commentator (Posts: 2385; Member since: 16 Aug 2011)
Yeah, listen to the commenters on PhoneArena, they're much more well-versed in financial planning than everyone whose actual job it is.
17. JC557 (Posts: 1025; Member since: 07 Dec 2011)
Sorry but in my experience a lot of these analysts are quite off the mark. I've made a nice chunk of change playing the stock market so I know what I'm doing. Last time I listened to an adviser or analyst I ended up losing money.
33. QWIKSTRIKE (Posts: 854; Member since: 09 Mar 2010)
If you had a clue you would not make such a lame statement. I bet you don't know jack about how the stock market works, but you offer your .02 cents like it's golden. I have lead investor discussions, and can chart any stock that you post with a chart and be extremely accurate. Anyone that checks can tell you the last 3 P.A. articles about Apple I have been spot on in my calls!
You on the other hand should pay close attention, or you will get burned listening to the pump and dump analyst. Better yet go investigate wave 5 tops in the stock market!
34. QWIKSTRIKE (Posts: 854; Member since: 09 Mar 2010)
WendyGarett you are smarter than you lead on to be, and you are absolutely correct. Talk to any fellow investors and they all will say this.
This has nothing to do with love or hate for Apple. In fact the Apple lovers will foolishly buy out of admiration and lack of knowledge of how the stock trades and get burned. Check my last 3 post on Apple and you will see that I was right every time.
The last article some one said that it was time to dip buy and I told him if he did he would get burned. Apple was in the 590's-600's then when I predicted a probable 525 or lower. I said it better hold 517.00 the last low and it breached before bouncing back. Had it failed 505-517.00 485.00 would have been the next true support area.
As a correction to P.A. the charts say it went as low as 505.00 o.k!
5. PAPINYC (Posts: 2272; Member since: 30 Jul 2011)
I've taken the time to read all the numbers and stats' and iPass; Apple stock will be worthless in two years.
7. thelegend6657 (unregistered)
8. PAPINYC (Posts: 2272; Member since: 30 Jul 2011)
WendyGarrett, what's up with the foul lingo'? (we know that's you).
15. thelegend6657 (unregistered)
Whats wrong with you ? I am not wendy my name is Jonathan and today is my birthday .
21. PAPINYC (Posts: 2272; Member since: 30 Jul 2011)
Why that's just plain RUUUDE!!
BTW, Happy Cocksuckin' Birthday!
31. thelegend6657 (unregistered)
Thank you papinyc . Appreciate it
11. joey_sfb (Posts: 2876; Member since: 29 Mar 2012)
Tim cook has a lot to prove at its current selling price and so far he has screw things up by late OS update, buggy map launch, fire two of his executive that Jobs manage to use their true potential.
Number One issue, no innovative product for the last 18 months. iPad mini not counted as its an idea stolen from zillons 7" android devices especially the original galaxy tab 7, P1000 launch on Sep 2010, two years ahead of iPad mini.
13. TimTebow (Posts: 70; Member since: 14 Feb 2012)
Bought Nokia at $2.50 and already made 40% in a week.
Apple would have to go to $750 for that, good luck.
14. kindlefireowner (Posts: 344; Member since: 05 Dec 2011)
The replies above show just how ignorant android lover's are. You buy stocks to make money. Not because you like the product. I made money on Phillip Morris stock, but I nevered smoked. Wow. You android lover's are dumb.
16. Slammer (Posts: 999; Member since: 03 Jun 2010)
In order to make any significant return on stocks, you would have to purchase a good amount of shares with assured great increases. At Apple's current price, an individual would already need to have a significant amount of cash to invest and even then, Apple's stock would have to more than double to compensate the investment unless it was bought when offered several years ago.
Apple is currently vulnerable and I do not trust the analyst's opinion.
23. lubba (Posts: 1310; Member since: 17 Jan 2011)
Stock is not meant for the everyday person. Its for rich types who feed off poor idiotic folks who buy Apple for the sake of Apple.
24. kindlefireowner (Posts: 344; Member since: 05 Dec 2011)
Like I said, Android Lover's are dumb.
25. MC1123 (Posts: 1238; Member since: 12 Nov 2012)
are they going to be like nokia and RIM now?
you know what they say, sometimes you're on top...but sometimes you need to go down!
atleast both RIM and Nokia is rising again...
28. roscuthiii (Posts: 1788; Member since: 18 Jul 2010)
So... how much is CITI vested in AAPL? I seem to recall another article on PA recently where CITI was cheerleading for Apple.
29. roscuthiii (Posts: 1788; Member since: 18 Jul 2010)
Correction... I believe that was Morgan Stanley.