Long term buy, yes of course, as you said it may retract to $165 before the next buy. What is happening is that its stock continues to trend toward $190 or may cross $200 is a bit ridiculous despite the steep drop in revenue lately. But what's ridiculous for some is a buy for others :)!
Apple: Those Who Harp On iPhone Sales Miss The Point
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Are you talking about TSLA or another stock?