Investor in the Wilderness - Latest Comments in How Low Will Apple Go?

Re: How Low Will Apple Go?

zach_bass — Thu, 16 Oct 2008 17:09:20 -0000

I'm with you marcos!

Re: How Low Will Apple Go?

MacJeff — Thu, 16 Oct 2008 17:00:36 -0000

Hi Hardhead
I don't agree with you. I think the technical anlysis by Zach (specialy this one) gives a proper inside look and I think it's very plausible. Even in a panic environment there are certain kind of 'rules' and market-behaviours to expect.

Zach points that out very clearly.

And yes... APPL around 100 makes me cry too but... it's reality at this moment.

Re: How Low Will Apple Go?

marcos — Thu, 16 Oct 2008 14:30:20 -0000

I believe that the people of America and the children and such, and Iraq and I believe uh, uh, uh, the hysterical maybe number is 69. Ok. I believe at 69 I am all in but at 74 I uh uh, maybe and such half in.

Re: How Low Will Apple Go?

Hardhead — Thu, 16 Oct 2008 12:16:05 -0000

Trying to do technical analysis in this PANIC environment is worthless.

But I enjoy your site as I continue to cry!

HH

Re: How Low Will Apple Go?

Bloggeries — Thu, 16 Oct 2008 10:54:53 -0000

I really enjoyed this. It's easy to see a rally assume everything is great and try and get in. This is just the beginning and if history teaches us anything... Market hit real bottom in 1932 I believe when depression started in 1929... Also many most definitely lost their shirts buying when they thought it was bottom and watching their money vanish as it approached it.

Another wise person told me "it's not wise to catch falling knives; chances are you'll get cut". Time to wait this out. Patience is a virtue isn't it?!

P.S I'm liking the if it hits 80... Go for the gusto. Nothing worse than thinking you got a good deal to wake up to realize you're losing your shirt.

Re: How Low Will Apple Go?

zach_bass — Thu, 16 Oct 2008 10:44:04 -0000

I simply used a historical low as the lowest support level that I could imagine. It was plotted in July of 2006. It seems rather draconian and unfathomable. So I reassessed based on other historical price support and took into account Apple's cash position. No complex mathematics, just a SWAG based on my intuition. S.W.A.G. is an acronym for Scientific Wild Ass Guess.

Re: How Low Will Apple Go?

chris — Thu, 16 Oct 2008 08:46:55 -0000

Zach you didnt consider Apples balance sheet prior to suggesting a bottom of 50?? Seems like you should have considered that first.... especially before you go and make your suggestions public?????