For longer-term investors, it doesn't make sense to jump in until the downtrend in AAPL is broken. That'll take a move above $500 at this point in time.
Buying Apple isn't an easy move to make right now, and it won't be an easy move when the stock turns over either. As former Putnam investment strategist Walter Deemer once said, "When the time comes to buy, you won't want to."
The common consensus on Wall Street is that Apple is broken -- that it sucks. But that's only half right. The stock sucks, but the company looks excellent right now. That's going to create a big buying opportunity for buyers willing to separate the company from its stock in 2013.-- Written by Jonas Elmerraji in Baltimore.
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