What's your take on AAPL?

I'd wait.

In the meantime, you should use that money to short the AUD (autralian $) to play the Chinese slowdown.

Also buy Japan stocks. They are cheap and alot of money is coming back to Japan's stock market due to the low yields worldwide.

With Apple you're probably good to hold it up to $400.

could be worse off - considering it's the list of top hf holdings...

but i wouldn't hold long term - like asatar said.

I do not hold it at this point, I am merely considering buying it.

yeah but are you thinking of buying it for long term or just as a swing trade.

Medium term, a few months hoping to close it at ~400.

well, yeah. that's what asatar was saying.

so was I.

but I think if you wait there will be better prospects.

for example, something like TEVA or CSCO

Imo, and from talking to tech geeks (tech analysts are really not tech geeks, and more finance people than tech people--not as important for predicting trends in AAPL products, which create huge swings in AAPL stock), AAPL stock will do well. This is because what steve jobs touches turns into gold--and steve jobs worked directly on the projects coming out for the next few years. The stock is down right now from uncertainty and the death of steve jobs, but sales should still do well as products should still be as attractive to consumers as if steve jobs were still CEO. People understimate how important Jobs was and how much he personally influenced most of AAPL's products. Buy now, wait till earnings and unit sales do well, and sell after a couple of years. Without jobs, AAPL products WILL eventually not be as good as they are now.

aapl is down because the entire market is down.

his death was already priced in before he died.

it's simple - if you think the entire market will drop - then don't buy. If you think market will recover - then buy something else cuz you'll make more money.