AmTech downgrades Apple stock rating

"Considering all these factors, Wu notes that Apple stock value could slide to between $135 and $140, a point at which it would be much safer to invest in the company."

Yeah, "could" if we anal-ysts can manipulate the stock price AGAIN (and AGAIN and AGAIN) and cash in on the inevitable upswing AGAIN (and AGAIN and AGAIN and AGAIN)!

They just want to push the price down so they can fetch some Apple stocks at a good price before the expected excellent Apple earnings report, and the expected high growth later this year.

I always get a great laugh how you get these reports from some guy (such as firm analyst Shaw Wu) who predicts things. Who is Wu? Just some guy. I could get a prediction from Bob who works at an autoshop and it would have about the same weight. Sorry but I have NO time for these so called analysts, who make predictions, and then when they're wrong, you never hear of them again. Nuff said.

Who is Wu? Just some guy. I could get a prediction from Bob who works at an autoshop and it would have about the same weight.

I doubt it. It's Wu's job to analyze and forecast these things. You may not think they have any weight, but be sure he wouldn't be keeping his job if he was constantly wrong at his job.

But I guess you'd feel the same way about taking your car to Wu to get an estimate as your auto mechanic, right? I mean, since education and experience don't mean anything.

And why is Wu wrong? Just because he says everyone shouldn't be buying Apple stock like there's no tomorrow (which, if he did, he'd either be praised by the faithful for being the only one who 'gets it', or derided for trying to push the stock price up so he can sell high).

Sorry but I have NO time for these so called analysts, who make predictions, and then when they're wrong, you never hear of them again. Nuff said.

Sorry, but we've been hearing from Shaw Wu for years, so I'm not exactly sure what you mean by never hearing from them again. And if he is right, you'd just blast him for directing the market in the way he wants it to go, not saying he's correct.

and since you all are so smart, could you tell us neanderthals where Wu has it wrong? Is it that the iPhone won't be selling like gangbusters in the second half? Or that it isn't actually trading at 32x expected profits for the year?

AmTech and Shaw Wu have been covering Apple for quite some time. During past few years, he has (correctly) anticipated AAPL's rapid climb, with consistent recommendations for strong buy. While he was one of more bullish analysts, even he wasn't able to predict such rapid rise to $200. One more thing; even during the steep decline of January, he still had a decent 1-year target of about $160 (where we're at right now). This guy is completely right. As much as it will hurt me, I am convinced that we'll see some $130s again before we get back to $190s and $200.

It's nice to see so many fellow AAPL stock holders here, though...