Since 2007, AAPL has held the same trendline as support (on log scale).
In that same time period, AAPL has fallen 30-50% 6 times, and the LT support line has been tested 3 times.
We are now ~40% above that trendline today.
BUT APPLE IS SUCH A STRONG COMPANY?!
Yeah, okay, but last time it was trading above a PE of 20x was back around 2007-2010. Clearly the valuation is reflecting the "SUCH A STRONG COMPANY" ****sentiment**** rather than a rational investor sentiment. Why has AAPL been spared from the 50% downturn that most other tech stocks have faced?
If we were to take a >30% correction, we would get back down to the 20x PE value (on current financials), and frankly, we're about due for the first AAPL correction in a few years.
I've made money on AAPL over the years. It's a great LT hold... I just think now is a prudent time to take some cash off the table and to prepare for the next buying spree, likely closer to the ~120 range where we had such support last year.
In that same time period, AAPL has fallen 30-50% 6 times, and the LT support line has been tested 3 times.
We are now ~40% above that trendline today.
BUT APPLE IS SUCH A STRONG COMPANY?!
Yeah, okay, but last time it was trading above a PE of 20x was back around 2007-2010. Clearly the valuation is reflecting the "SUCH A STRONG COMPANY" ****sentiment**** rather than a rational investor sentiment. Why has AAPL been spared from the 50% downturn that most other tech stocks have faced?
If we were to take a >30% correction, we would get back down to the 20x PE value (on current financials), and frankly, we're about due for the first AAPL correction in a few years.
I've made money on AAPL over the years. It's a great LT hold... I just think now is a prudent time to take some cash off the table and to prepare for the next buying spree, likely closer to the ~120 range where we had such support last year.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.