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Monday, September 29, 2008

AAPL - Apple Computer a Buy

Well, I never thought i'd see the day when Apple Computer was down 16% after being down so much the prior week. The stock market is so out of wack, nobody knows really whats going on. Why did the firms downgrading Apple wait so long to downgrade? At $110, Apple's Market Cap is $97 Billion when they have $20.77 Billion in cash just sitting in the bank. I can't remember the last time i've seen AAPL so cheap. Apple's products are in high demand and are mainly bought by higher end people.

So what did I do? I sold my Bidu at a minor loss at the chance to buy Apple under $110....less risk.....great upside.

Christmas come early! Thanks Santa Claus!

The Bailout plan is going to be voted on this afternoon....its going to be a close vote!