Gene Marcial on Apple: Don't Mind The Sour Grapes

Posted by: Arik Hesseldahl on August 01, 2008

BusinessWeek’s investing columnist Gene Marcial discusses about Apple in the latest issue of the magazine and in the video at the left. His main point is that investors usually overreact one way or the other whenever something is going on with the company. And that’s what they did recently during the widely-reported rumors about the state of Steve Jobs’ health as well as to the news that Apple has reduced its forecast on profit margins into the next fiscal year.

Analysts Matthew Kather and Charles Wolf both say not to worry: To them the recent pullback looks like a buying opportunity.

TrackBack URL for this entry: http://blogs.businessweek.com/mt/mt-tb.cgi/

Reader Comments

Lawrence Krupp

August 1, 2008 08:10 PM

There's lots of money to be made with Apple stock. The formula is easy. The smart ones simply wait for the stupid ones to sell. With Apple moving five points a day sometimes a lot of smart ones are making a lot of money.

Constable Odo

August 3, 2008 01:04 AM

Why is it that Apple investors are such chicken-livered meatheads? Either that or they must all be day traders to keep the stock fluctuating on every unconfirmed rumor. I hope Apple stock goes up higher and dumps all those two-bit losers and send them to play with companies that are really losers.

About

A blog on the daily doings of Apple and the many companies in its orbit, with insight and analysis by two longtime Apple-watchers BusinessWeek Senior Writer Peter Burrows and BusinessWeek.com Senior Technology Writer Arik Hesseldahl.

RSS Feed: Byte of the Apple

Leave us a voice message. Learn more.