Quote from asap:
I am adding at these levels, this is a 14PE stock growing earnings at 20-30% p.a., with a huge IP portfolio and exceptional customer loyalty. it is a relatively safe bet, given the risk to reward payout laid down at the current FMV.
in addition, AAPL missed earnings expectations last quarter, which is influencing investors negatively prior the quarter announcement. it looks like it might shoot to over $700 next week, when the iPad mini and earnings are announced, while the downside shouldn't be substantial given the stock fundamentals.
my 2c
