After its first quarterly miss in thirteen years, the financial press is humming with negative sentiment toward Apple Inc. (Nasdaq:AAPL).

To hear them say it, the stock is a pure falling knife.

Now, second-quarter earnings out of Cupertino were less than inspiring, and the miss was a bit wider than anticipated. Global economic growth concerns are looming large, too, given that Apple pulls in 67% of its revenue from outside the United States.

All told, Apple is off about 26% in the past 12 months, and 13% since Apple’s earnings miss. But the same experts who are trading Apple down to $92 now were so bullish on the stock they traded it up above $130.

What’s more, there’s nothing shocking about Apple’s filings. Wall Street’s chattering classes are reacting as though they’ve been caught off guard, but no one seriously thought that the massive boom in iPhone 6 sales was going to be a “permanent phenomenon.”

So this is just the typical closing of the barn door after the horses have taken off. Remember, these are the same “minds” who never saw the financial crisis coming and who only recently got around to downgrading Exxon Mobil Corp. (NYSE: XOM) after oil’s rebound.

Naturally, this is the perfect time to carefully consider what the experts have to say… and then do the exact opposite.

Here’s how to play Apple for the most gains right now…

The “Pack” Is Running Away from Huge Upside

Apple’s media detractors are of a single mind: When times are good, they’re Apple fans, and when times are lean, they’re fierce detractors, but that see-sawing opinion is a sign of amateurism. It reflects a shallow understanding of the fundamentals underlying these shares, and besides, that kind of opinion just isn’t helpful to investors.

Here’s the critical context the anti-Apple set is missing…

Print Friendly, PDF & Email