Monday, May 21, 2007 at 08:03 AM | Posted by kazouz
Apple’s stock went on a wild ride last week as false rumors hit the web that Apple’s iPhone might be delayed until October and Mac OS X 10.5 Leopard might have to wait until January.
Sure the dip was sudden and for some a good buying opportunity, but most hardly noticed the sudden drop because it happened so quickly.
What if the rumors were true? Would Apple’s stock value continue to plummet? I don’t think so. I believe that Apple is still undervalued. Many analysts have suggested the same and estimated Apple’s target price at around $145.
As I have said, I own AAPL and have for years. I think it’s a great long-term stock and quick market gains and losses only affect short-term buyers.