Apple: When to buy the world's hottest stock
Aggressive traders wanting to play the downside could consider put options or shorting the stock until it gets down to the $460-ish ranges where there is likely to be aggressive buying support
Shares of Apple Inc. (NASDAQ: AAPL, Stock Forum) are taking a breather, leaving many investors wondering if they've made an iBoo-Boo.
The hottest stock on the Nasdaq has fallen more than 4.6% as I write this since hitting a new intraday high of $526.29 on February 15, 2012.
Does that mean it's time to sell?
Perhaps, but first you should ask yourself why.
If you're a long-term investor, there's a lot to look forward to. Apple is much more than a brand; it's a lifestyle. People tattoo the company's iconic brand on their rear ends for crying out loud.
Always the innovator, Apple has barely scratched the surface with regard to new devices and has hardly tapped into ways to use them.
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