Apple's Stock a Great Buy?

I think so. Apple's stock price on the NASDAQ fell from 53.5 at Thursday's close to 28.1875 at yesterday's open to 25.75 at yesterday's close, a 52 per cent nose dive in 24 hours, as Apple stock became the eighth most traded stock according to CNet. On what basis? A smaller than expected Q4 profit and a comment by Apple's CFO that Cube sales were lower than expected? Hey, Apple's still going to show a profit of about $110 million before investment returns. That is lower than the target of $165 million but it's still a significant quarterly profit. Why are sales softer than expected? I certainly don't know for sure but PC sales in general have been softer and virtually everybody that I know who did not order a Cube or Power Mac in July or early August has been waiting for the ATI Radeon graphics card to be available. It just now is. In addition, the $799 iMac just began shipping in quantities. The Q1 results will be more telling, of course.