Apple Stock Looks Tasty at $120

Tags: Economy, AAPL, Apple, Recession, AAPL
23 Feb 2:38am
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Apple (AAPL) is a consumer related stock and with the tightening consumer credit and a recessionary environment consumer stocks tend not to do well. Having said that, AAPL's stock price seems to reflect this negativity. So while at $120, I recommend buying, it would not surprise me if the stock went down to $110 or even $100. That is why I recommend you buy half now and then put in a buy order at or below $110 for the rest. In 2-3 years, the stock should double your investment.

-- Faisal Laljee
Full Disclosure: I do not own AAPL but my position can change anytime without notice.

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flaljee

StocksandBlogs.com provides stock tips, equity research and markets commentary. This blog gives you money making investment ideas that can be applied to your financial portfolio, whether you are a long-term investor or looking for a quick trade. From Wall Street to Walmart, Investing to Intel and Commodities to Coffee, you will find it all here. My name is Faisal Laljee and you can email me anytime. To check how my stock picks have panned out, check out my performance using Performance Tracker. Disclaimer: The stock picks and trades listed on this blog are for educational purpose only. You should do your own research before making a trade. This blog, its affiliates, partners or authors are not responsible or liable for any losses you might sustain from the opinions stated.