I don’t offer investment advice, but Andy Zaky does — and those who listen to him have done pretty well:
History has repeatedly taught us that the best time to buy Apple
is when the bearish sentiment in the stock has reached the
pinnacle of extreme pessimism. When every guest on CNBC is calling
for the imminent demise of Apple, when every headline is making a
case for why Apple has peaked, and when the stock continues to
slide by over a 2% a day right in the face of a market rally,
that’s when you know it’s time to buy.
The last two times we publicly advised investors to buy Apple was
on Thursday, May 17, 2012 when Apple was at $530 a share and on
Friday, June 17, 2011 when Apple was at $320 a share. In both
cases, Apple bottomed out on the following trading session and
then went on a 30%+ rally. We have only ever published five public
buy recommendations on Apple and each one was published within a
few days of Apple’s final bottom. We have never missed a long-term
price-target on Apple.