CITI: Now is the time to buy Apple stock

CITI: Now is the time to buy Apple stock
Apple stock has fallen a lot since its $700+ peak around September. At a certain period of time it was down to $525, the lowest it’s been since early this year. 

And if you bought stock at that low price, you don’t need to worry - CITI analysts expect Apple to grow quoting the nascent and growing tablet market, and the expected continuous growth in smartphones.

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.

However, admittedly, there are some risks as with all stocks and tech companies in general. Low and mid-range smartphones are growing fast in both sales and specifications.

Here is CITI’s analysis, it might turn out useful if you are considering investing in Apple:



1. megaSUNNY

Posts: 88; Member since: Jun 26, 2012

may be in future it would be time to buy whole apple

6. PhenomFaz

Posts: 1236; Member since: Sep 26, 2012

I'd buy whole Apple to make Apple Pies! I highly doubt its the right time to buy Apple 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: Mar 09, 2012

like you can buy the stocks of any other company..

22. PhenomFaz

Posts: 1236; Member since: Sep 26, 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 :)


Posts: 1459; Member since: Mar 09, 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: Nov 30, 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!!


Posts: 1459; Member since: Mar 09, 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 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!


Posts: 1459; Member since: Mar 09, 2010

Where are all the would be dip buyers. lol

26. Nadr1212

Posts: 741; Member since: Sep 22, 2012

Wish this was as interesting as the other news PA brought to us

30. PhenomFaz

Posts: 1236; Member since: Sep 26, 2012

what other news? did i miss something?

2. _Bone_

Posts: 2155; Member since: Oct 29, 2012

no thx

3. toiletcleaner

Posts: 224; Member since: Oct 10, 2012

lol. is not the time to buy. is time to sell. is time to buy Blackberry stocks. at 14$, once Blackberry 10 get out. stocks will jump maybe at 25-40$

36. taskermatic

Posts: 2; Member since: Nov 30, 2012

Your obviously living in a dream world!

4. wendygarett unregistered

When the analyst say you should buy... It means you should sell... That the rules lol :)

12. Commentator

Posts: 3722; Member since: Aug 16, 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: 1918; Member since: Dec 07, 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.


Posts: 1459; Member since: Mar 09, 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!


Posts: 1459; Member since: Mar 09, 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!


Posts: 2315; Member since: Jul 30, 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



Posts: 2315; Member since: Jul 30, 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 . Stupid cocksucker


Posts: 2315; Member since: Jul 30, 2011

Why that's just plain RUUUDE!! BTW, Happy Cocksuckin' Birthday!

31. thelegend6657 unregistered

Thank you papinyc . Appreciate it

9. ddxmms1

Posts: 13; Member since: Oct 29, 2012

or never !

10. StreetNerd

Posts: 870; Member since: Dec 08, 2010

this is buls**t article lol

11. joey_sfb

Posts: 6794; Member since: Mar 29, 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: Feb 14, 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: 504; Member since: Dec 05, 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: 1515; Member since: Jun 03, 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. John B.

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