Apple Inc. (AAPL): Goodbye…See Ya In The Fall

Waiting for a decisive entry point

I believed that the most recent earnings announcement would have been a decisive time to buy Apple Inc. (NASDAQ:AAPL) shares, as the stock usually has big moves in either direction. If Apple presented or even hinted at that next great disruptive innovation in the post-Jobs era, the stock would have exploded to the upside and would have created a bottom as well as a momentum buying opportunity.

If Apple Inc. (NASDAQ:AAPL) missed badly on revenue or iPhone sales, and had no plans for its large cash hoard, then the stock would have sold off sharply, creating that capitulation moment flushing out weak stock owners. This also would have been a great point to begin accumulating shares.

Instead, the stock closed basically unchanged after earnings, a stalemate between the bulls and the bears.

I will be waiting until the fall, after Apple’s October earnings announcement, as a possible entry point for the long term. Tim Cook stated in the call that new products will be coming in the fall of 2013 and throughout 2014, so I can wait to see what Apple Inc. (NASDAQ:AAPL) will deliver.

The article Goodbye Apple; See You in the Fall originally appeared on Fool.com.

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