Is Apple a Buy After This Huge Surge?

Today, Fool.com's Austin Smith and Chris Bledsoe look at whether Apple is a buy today after clocking an impressive 7.2% pop. 

While many are left scratching their head at the outsized gain, Austin and Chris attribute it to built-up optimism and strengthening fundamentals that got swept under the rug of fiscal-cliff uncertainty. While everyone was worried about what lawmakers would do, Apple quietly slipped into "too-crazy-cheap-to-ignore" territory, and all it took was one big day to unlock the bulls.

There is absolutely no argument that Apple is at the center of technology's largest revolution ever, and that longtime shareholders have been handsomely rewarded with more than 1,000% gains. However, there is a debate raging as to whether Apple remains a buy. The Motley Fool's senior technology analyst and managing bureau chief, Eric Bleeker, is prepared to fill you in on both reasons to buy and reasons to sell Apple, and what opportunities are left for the company (and more importantly, your portfolio) going forward. To get instant access to his latest thinking on Apple, simply click here now.


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  • Report this Comment On November 21, 2012, at 12:57 AM, wealthychef wrote:

    How was this an outsized gain? It followed right on the heels of a huge drop. Seems to me it's just people coming back to their senses.

  • Report this Comment On November 21, 2012, at 8:12 AM, TMFBWItime wrote:

    @wealthychef

    I agree. This does seem to be the market coming to its senses, but considering they added about $35 billion to their market cap in a single day, which is larger than half of the companies listed on the S&P 500, I'd consider it a pretty outsized gain.

    Thanks for the comment. Fool on!

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