Analyst: Apple Will Pop Soon

  Google+  Twitter | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

While there may not be a lot of love around Apple (NASDAQ:AAPL) stock these days, investment expert Cody Willard thinks the stock is a “potential popper in the near- and mid-term.” Willard wrote for MarketWatch that while the ongoing fall in Apple — the stock has dropped more than a third of its value since it reached a closing high of $702.10 in September — was substantial, it wasn’t worrisome.

Is Apple now a once-in-a-decade buying opportunity? Click here to get your 24-page Ultimate Cheat Sheet to Apple’s Stock now!

Screen Shot 2013-02-20 at 8.02.48 PM

“I’ve mentioned before that I’ve seen pullbacks in Apple that lasted longer and went deeper than even the current 30 percent drawdown from Apple’s all-time high,” he wrote. “I’ve been following Apple over the years since I owned it from $7 in March 2003.”

Willard said he was planning to add Apple common stock to his portfolio soon and may even add call options in the stock if it showed signs of moving back toward the $500-mark. Apple call options have been “been very, very good to me and my investors and subscribers,” Willard said…

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business