Post by
PowerTrader346 on Nov 26, 2024 7:19am
$AAPL and the Tech Sell-Off: Time to Get Greedy?
Alright, I’ve been watching the $AAPL price action closely over the last few weeks, and I’m starting to feel like the recent sell-off might be a bit overdone. Tech has been under pressure with all the macro noise, but Apple? Apple has one of the most solid balance sheets in the game and cash flow that keeps growing year after year. They just keep innovating, so I’m not worried about them in the long term.That said, I’m also seeing a lot of bears throwing around predictions of a much deeper correction in the markets, and that could drag Apple down even further. If we break below $170 again, we could see it test $160, and that would be a juicy buy-in point for anyone with a long-term view.The key thing here is that Apple isn’t just an iPhone maker anymore – they’re a service juggernaut. Apple Music, iCloud, and all their software subscriptions are becoming a bigger and bigger piece of the pie. That means, even if hardware sales slow down a bit, Apple’s recurring revenue model can still keep them churning out profits.That said, don’t forget to keep an eye on $BOLT too. I’m hearing some whispers that it could be primed for a big move. I’m definitely thinking about adding it to my watchlist if it breaks above a certain level. If we get a nice pullback on $AAPL, I might even grab some $BOLT if it’s showing strength. It’s a bit of a wildcard, but sometimes those can really pay off.I’m sitting tight on $AAPL for now, but watching both closely. Anyone else thinking of diversifying with $BOLT or sticking solely with Apple?