Lehman Brothers has cut their Apple Computer price target to $73 from $80 and UBS has cut their Apple Computer price target to $95 from $100, according to reports from MarketWatch.
MacDailyNews Take: $73 or $95? Not too much of a difference there, huh? What’s 22 bucks per share plus or minus between friends? Wonder which firm’s analysts are right?
Advertisements:
• Apple’s brand new iPod Hi-Fi speaker system. Home stereo. Reinvented. Available now for $349 with free shipping.
• Apple’s new Mac mini. Intel Core, up to 4 times faster. Starting at just $599. Free shipping.
• MacBook Pro. The first Mac notebook built upon Intel Core Duo with iLife ’06, Front Row and built-in iSight. Starting at $1999. Free shipping.
• iMac. Twice as amazing — Intel Core Duo, iLife ’06, Front Row media experience, Apple Remote, built-in iSight. Starting at $1299. Free shipping.
• iPod Radio Remote. Listen to FM radio on your iPod and control everything with a convenient wired remote. Just $49.
• iPod. 15,000 songs. 25,000 photos. 150 hours of video. The new iPod. 30GB and 60GB models start at just $299. Free shipping.
• Connect iPod to your television set with the iPod AV Cable. Just $19.
the price target reductions must be the result of the “Microsoft buying Apple” rumors.
” width=”19″ height=”19″ alt=”wink” style=”border:0;” />
Good, let it drop. I had to sell my shares earlier this year but plan to purchase them back in a month or so after I sell one of my properties. Can we get it down to say $50 by then?
No surprise here. How much is a tunes download company worth? Steve knows. Since he’s the spiritual leader around here, it’s amazing there are any buyers at all.(In case you weren’t watching – he’s selling off as fast as the SEC will allow – it’s called surrendering your computer company and counting on the world being full of head-knockers.)
The price is going down now.
They’re bear-raiding again.
For those who don’t know, bear-raiding is as follows:-
*Buy a whole lot of shares when the price is low.
*Sell them when trading is light and force the price down.
*Buy even more for the same sum you got when you sold.
*Sell them when trading is light and force the price down even further.
And so on. You make a profit every time. You just need a large amount of capital.
The greedy bastards wont leave AAPL in peace.
Must be because nothing new came out for the 30th anniversary.
This is about the movie studios putting together their digital download service. I know for a fact that Wall Street and AAPL were expecting to get them on board with itune movies. I am not sure what will become of the “true” video ipod, but don’t expect to see any movies on itunes until the studios get that their model is going to fail.
Hey, Truth Hurts . . .
How’s your Microshaft stock doing?**
If THAT company is your model for how stockholders should be treated, I’ve got a bridge in Brooklyn to sell ya’!
___________________
** It is only NOW approaching its price from a year ago. It isn’t QUITE back to where it was two years ago. And it’s still $7.50 down from where it was 5 years ago! What a PHENOMENAL track record THAT is from the big gorilla on the block! (Apologies all around to Mr. Ballmer.)
Hey – where´s the $105 they all promised and MDN was beating the drum about???
Apple has problems that we are not privy too.
———–
Charko: “Buy a whole lot of shares when the price is low.”
Please define “low”.
So if i BUY the stock when it is low and the price keeps dropping and sell when trading is “light” (whenever that is), Charko says I make a profit.
Tip to Charko, the price has to go higher than what one bought it for to make a profit. Oh yeah, don´t forget commission costs buying and selling, plus taxes.
So you been making big bucks on your “bear raiding”???
Stockboy, don’t be so damned smug.
Charko innocently left out the “short sell” part of the “bear raid” definition. Everything else he wrote was right on.
Say, aren’t you the guy who got a lesson in bear-raiding last week from “Board Room”? Yeah, I thought so.
Stockboy was also told last week that analysts’ forecasts are for YEAR END prices, not TODAY’s.
He’s a very slow learner.
Wonder which firm’s analysts are right?
The most consistently accurate analysts (re: Apple) are: Deutsche Bank, Morgan Stanley, Piper Jaffray and UBS Warburg.
The average of their estimates is $97.00.
It’s working out fine for me..
I’m just selling the covered call that’s about $5 out of the money every month, and using the premium to buy more shares.
I was able to close my April $70 calls that I sold last month at $2 for thirty cents this morning. When the earnings call happens, I’ll have 150 more shares than I did last time, and no calls I have to cover.
-jcr
Yeah, prohecy and Gordon Gekko aren´t you the ones pumping its going over $100 every since it has dropped like a rock?
Still dropping.
All you stock experts and your it´s a “bear raid”….LOL. Oh, “bear raid” makes it okay that the stock has dropped.
How about people bailing out of the stock and investing elsewhere because they don´t want to lose more money or see that there is no more upside??? Bear raid! Bear Raid! BEAR RAID!
LOL.
Losers always have a way to blame it on any and everything else but the obvious.
How many of you stock wizards are buying now that Apple is down over another $1 so far today???
Too risky for me and my wallet.
Stockboy,
read my post again.
I don’t do it.
I’ve got no capital.
That was the definition (as far as I can remember it) that I got from the Wall Street Journal.
There was also a post here in MDN recently, which was quoting a financial journalist who wrote that AAPL has been the ‘victim’ of bear raiding for the last few weeks.
But on re-reading my post it isn’t very clear, I admit.
I think it goes like this:
If you have enough shares (and you need a lot) and you sell them when the market is quiet (i.e. the volume is low) you can push the price down.
You then buy a much larger amount at the new low price and then sell when they go back up.
You need to be confident, of course, that the shares are going to go back up.
AAPL usually does – at least in last few years.
So it’s a good target for bear raiders.
Stockboy,
I forgot to mention that I bought AAPL shares for 10000,- € over a year ago.
So I’m a very small fish.
Still, they’re worth over 20000,- € now.
And I believe they’ll double again within the next 18 to 20 months.
UBS really thinks apple stock will hit $95?
It’s working out fine for me..
I’m just selling the covered call that’s about $5 out of the money every month, and using the premium to buy more shares.
I was able to close my April $70 calls that I sold last month at $2 for thirty cents this morning. When the earnings call happens, I’ll have 150 more shares than I did last time, and no calls I have to cover.
-jcr
If only I had recognized that great opportunity before it almost completely passed (I think it may when the earnings are announced next week on Thursday). I sold a few covered calls but not early enough to buy as much as you have.
Now the key is if appl can test its recent low successfully ($57) and stay above that price after testing it. If it does hit $57 and go back up on high volume, folks that was the buying opportunity. If it goes up on low volume, get ready for another drop unless Apple announces earnings for the quarter better than the highest estimate of .50 cents per share for the quarter and give strong indication of earnings growth for the rest of the year. If they beat the 50 cent number and give an upbeat rest of the year report, then IMHO the stock will be in the 70s again. If they do not, then the stock might hang into the low 50s.
That’s my 2 cents, and that will be all I will have made on appl if it does drop to the low 50s.
Stockboy . . .
You probably feel better now that you’ve slapped your verbal dick on the table with Gekko and Prophecy, but you can put it back in your pants now. The BIG meat is in town.
I own–right now–5,600 shares of AAPL, average purchase price of $10.40 over 5 years. Granted, that’s only 100% net growth PER YEAR in that period, given today’s price of $60.50. Three months ago that growth was 140+% PER YEAR, of course, and PERHAPS I should have sold then. (That hindsight thing keeps getting in the way.)
On the other hand, if I had put that same capital in Microsoft in the same time period, I would have LOST an average of 4.5% PER YEAR on my investment!
WHO’S THE LOSER, LOSER?
Stock Owner (Not “Boy”)…..
Blah, blah,blah….am I impressed that you bought stock years and years ago and held it. Wow- cool, Good for you.
But if you are such a stock wizard genius you would have sold at $85 plus then reinvested at these lower prices. Heck, you already lost 40% off your investment.
And what does your comment about Microsoft have to do with your investing in Apple stock?
And what does your stock buying history have to do with the “bear raid” that the other stock wizards are whining about? Or you just want to brag about the “bare raid” swinging in your jockey shorts? Stock Owner, Sorry I am not of the gay persuasion and do not want to see you exhibit your private organ. Anybody else want to see Stock Owners “BIG meat”?
2 Questions To Mr Stock Owner ((Not “Boy”):
5,600 shares of Apple at the high of $86.40 = $483,840.
Question 1:
If you are so rich (I assume you have other investments of equal magnitude), what are you doing here hanging out at the this mac chat forum with us college students and high school widget heads? I would be hanging out with babes.
———
5,600 shares of Apple at the today price of Apple stock of $61.20 = $342,720. You´ve lost over $140,000.
Question 2: Are you really, really, really pissed that you didn´t sell? I would be.
No stocks, no money Sam…
I sat back also and watched AAPL climb to $86 and didn’t sell (sorry now, of course, that I didn’t) — I would have doubled my money at $90. If I had a crystal ball then I guess I’d be financially set as well. If the “analysts” all really knew what they were talking about, they’d be retired and rich.
My point is, all of us that have held onto our AAPL stock of course wish it will continue to climb (or wish we had sold now that it’s dropped) — that’s the nature of the market and equity investing.
However I’m still ahead with my investment over the last 14 months but I plan to hold on — I’m bullish on AAPL’s future over the next 12-18 months.
The easiest thing to do in the stock game is buy; the hardest thing is to know when to sell.
Day-traders = PROFESSIONAL GAMBLERS