“Apple Computer Inc. (AAPL) shares rose $1.57, or more than 2%, to end the day at $74.20 and lead the tech sector on a day of gains,” Rex Crum reports for MarketWatch.
“Apple rose one day after the company revamped its line of iPods and showed off a forthcoming digital-media hub product [“iTV”] at an event in San Francisco,” Crum reports.
Full article here.
Related articles:
Forbes: Apple could take chunk of sales from the $24 billion home video business – September 13, 2006
Credit Suisse ups Apple Q4 earnings view on stronger-than-expected MacBook sales – September 11, 2006
UBS hikes Apple price target to $92, maintains ‘buy’ rating – September 07, 2006
Remember what happened to Microsloth’s stock the day after Bill Gates gave HIS keynote address earlier this summer? Didn’t it go down a dollar or two?
Way to go British journalists. You killed the stock…..LOL all the way to the bank.
Oh, StoooooooooooooockBooooooooooooooy!
Is THIS most recent run-up of AAPL part of your vaunted predictions as well?
Not since the demise of the Flat-Earthers has someone been SO EMBARRASSINGLY WRONG about something so obviously right!
RIP, Stockboy. The financial world has done rolled on without ya’!
Ahhh, as said previously (by another poster), the analysts are starting to understand. Institutional money moves the market, not individual investors.
I echo Vinita Boy’s call for stockboy. Bwahahahahahahahahahaaaaa!!! He dare not show his face here since the stock was down to about $50 and he told us that it was going lower.
I just reviewed the charts for 1 day, 5 day, 3 month, 6 month, 1 year, 2 years, 5 years and the life of the company. All look beautiful! My entry points have made me a lot of money!!!!
Jimbo – your entry point is only one part of the equation. You don’t make any money until you sell.
I might’ve missed this in other posts, but does anyone know what happend to Lions Gate? I thought they were supposed to be putting movies on iTunes.
Thank you Jimbo von Muhammed and Vinita Boy (the one and same person) for again bringing up my wonderfully wise prediction that I made in Jan – Feb 2006 that Apple would trade in a range no higher than $65-$70. Then depending whatever news transpired after that time period Apple would break out of that range; higher or lower I did not predict. My prediction was for the 6 months after Jan-Feb 2006 (when Jimbo was predicting $110,$120 and higher). It did take a month or so longer than I thought to edge out of the trading range.
The next news that moves Apple stock will be:
– Sales of iPods
– Steve´s health
– Microsoft news
And Jimbo, if you were so smart you would have sold when the stock was high and bought on the dips…dumb and dumber Jimbo.
It´s easy to buy stock, it takes real cajones to know when to sell.
Hey, StockBoy . . .
I challenged you a couple of days ago to swap the names of our brokers so we could compare portfolios (via a neutral third party) to see which of us has 1) made more in the market in the past 20 years and, more specifically, 2) made more trading and investing in AAPL.
You never responded! Why? Do you actually HAVE an active portfolio with a recognized firm trading on American stock exchanges? If you DO, let’s get it on, Big Mouth. I will wager any amount you wish UP FRONT that Jimbo and I will make you look like the fool and pauper you are when it comes to this equity. (Once again, smartass, you’d better be prepared to top 5,600 shares, average purchase price $10.50 to play this game.)
So, what’s it going to be, StockBoy? Cojones shriveling?
And–for anyone else brand new to the MDN site–this blowhard never, ever made the kind of “predictions” about AAPL that he’s touting now. NEVER, and we all know it. He (and someone named “SELL SELL SELL”) proclaimed that Apple was heading into the toilet, and only a few disreputable brokerage houses were keeping it above the low 40’s.
You are either a lying sack of crap, StockBoy, or Alzheimer is your middle name. Which is it, “PoorBoy”?
Gonna’ take me up on my challenge? My broker and lawyer are standing by!
Let’s play a game Stockboy. Starting today, right here, right now. What’s your prediction about AAPL for the rest of the year? It’s $74.20 at present. What should we all do from now on? If you were so very right in the past, surely you can call the future just as easily. Got my checkbook all ready to go. What do you say?
For the record, Vinita Boy and I are separate people. For the second record, I’d go on that challenge with VB as well. “Me” points out that I don’t make money until I sell. I’ve sold quite a few times and made hefty profits. Of course, divesting and investing should go hand in hand. Believe me, they have.
Go back to stocking the shelves, stock boy. Your backtracking on your predictions is just too funny!
Bill Gates has made more money in the stock market than Jimbo and Vinita combined times 10. So there! Bill Gates is smarter than you both. Balmer is smarter too.
British journalists are anti apple (I’m a Brit) and it pisses me off. However the Independent had a pretty cool review of the ‘showtime’. I see this as the foundation of the full wave of total apple dominance in everyones personal media experience . . . . the phone will come, the video iPod is just a sniff away . . . the stock will zoom, it’s simple.
I’m the fool who bought in big at the 52-week high.
I sold my house and put everything in to apple early this year. I was hoping that the product Steve introduced as iTV would be announced and ready to ship before Christmas, complete with HDTV resolution and HDTV episodes via iTMS.
Don’t get me wrong, I still think Apple is moving in that direction.
But I still have $6.00 per share to go before we return to my buy-in price, and when you times that by the number of shares I’m sitting on, that’s a lot of dough. And that’s not counting what I’m spending now on rent, which has been adding up for 8 months now…
C’mon, stock move! C’mon, Apple! Baby needs shoes!
V-Boy: “I challenged you a couple of days ago to swap the names of our brokers so we could compare portfolios (via a neutral third party)”
Well, gee, that is real childish. What does it prove?
“Do you actually HAVE an active portfolio with a recognized firm trading on American stock exchanges?”
And if he doesn´t so what? The guy or girl (whomeever stockboy is) just said that Apple would not go higher than $65-$70 for around 6 months.
You need a stock account to make a prediction?????? ROTFL
I don´t have a stock account and I predict Apple stock will go higher, then lower, then higher, then lower.
ROTFL
“My broker and lawyer are standing by!”
V-Boy your shorts are on just a little too tight. Take off thealuminum hat and go for awalk with Jimbo v.W.
Since Jimbo Von Muhammed and Vinita Boy like to brag so much about their genius stock picking abilities, I would suggest that you both tell us what they think the price of Apple stock will be in 3 months,
6 months
and 1 year.
Can you do it Stock wizards? (Why do I expect lots of excuses and vague generalities?)
——
And to Dayne Rauscher who said:
“Got my checkbook all ready to go. What do you say?”
My advice: buy Spiders – SPDRs. Wiser investment with your money rather than sticking it in one stock.
Wallace, I was raised in the western US where real men who boasted of their prowess, whether on the gridiron or in the bedroom, put up or shut up. Those who have been taught to seek balance, conciliation, and harmony at all costs rarely make it in business or market strategy.
Jimbo and I have been asking StockBoy to be a man, even here in Cyberspace, and PUT UP OR SHUT UP. ‘Way too many of us here (and elsewhere in the real world) are nothing but hot air; that’s good for dying hair and floating balloons, not building one’s portfolio.
As for your supercilious aside about my wearing an aluminum hat, Wallace, you could not be more mistaken. It’s a Champrau d’Amour, and (believe me), you couldn’t afford it.
I’ll be more than happy to give you my prediction for AAPL in the next 3-6 months. My prediction is that it will be higher than my highest entry point. My low point was in the teens prior to a split. My high was mid-July at about $55. Yeah, that’s a generality, but the truth is that I expect to make more between now and 3-6 months. I don’t aim for an exact figure unless I’m planning to sell or buy, but I’d go with a good $10 margin between now and then if I had to guess. Let’s aim for at least $85 by the end of March, if we don’t split again. Hey, I could be wrong, but then again, unless I’m REALLY wrong (like Stockboy back in mid-year predicting lower than $50) then I’ll still be doing well.
Back to generalities: I expect that the new iPods will be good for the stock short term, the iTV will bring us good news Q1 and Q2 of 07, and the new Mac models and the release of Leopard will be good for us during the entire 07 year. A year from now, I’d be really surprised if we aren’t at $90 pre-split.
Stockboy, wanna make any more predictions?
BTW, I do want to emphasize that Vinita Boy and JvW were not the instigators of this little war of words. It was Stockboy that came into these forums over the past year and taunted and talked shit. We are just rubbing his little nose in it like a bad puppy.
Jimbo and Vanita – LOL. Just what I thought.
No specifics just blah,blah,blah generalities, obfuscation.
Lot of hot air.
C´mon let´s see some specifics——-
The stock price of Apple will be on:
December 15, 2006: $
March 15, 2007: $
September 15, 2007: $
You guys are the stock picking braggards, telling us all over and over and over how smart and rich you are because of your buying of stocks at just the right moment. C´mon educate us. Let´s see your predictions.
LOL.
Yawn. Until I am ready to take some profit, I don’t worry about the stock price. To me, the big news will be Apple’s products, plans and reports of growth and profits. I expect the next quarterly report in October to show what I think has been building up, switching to the Mac in the consumer sector.
I’m an old guy and should soon be cashing in investments, but I will let AAPL ride for a few more years before I sell any. My AAPL stock is worth between 12 and 13 times what I paid for it. I believe it is still on a roll. Don’t jump off the AAPL Bus just yet.
Uh, SB (that’s backwards BS by the way), I did give some numbers. Let’s see you supply some, dickweed.
From a trader’s perspective, yesterday’s expected breakout of AAPL simply didn’t happen.
The stock closed yesterday at $74.20, which only marginally clears the $73.80 resistance level (May 8, 2006 high), and somewhat higher than the $73.00 resistance level from February 23, 2006.
Yesterday’s volume (40.93 million shares) was 35% higher than the six-month average daily volume of 30.13 million shares.
The daily RSI(5) oscillator is at 81.83 (between 0 and 100), and the daily RSI(14) is at 70.17, indicating the stock has entered overbought territory.
The daily MACD(12,26) indicator isn’t reaching new highs as the stock reaches a high. Such negative MACD divergences typically are bearish, indicating a downward slope for the stock in the intermediate term (days and weeks) ahead.
There are no short-term catalysts that might launch the stock. The next earnings report isn’t until October 18th, after market close, and the next major Apple event isn’t until MacWorld Expo in January 2007.
Having said all that, in the immediate term (1-5 trading days), the stock may very well move up somewhat, since there is no significant resistance above 74.20. There is some minor resistance in the 75 to 75.5 area, which may slow things down enough to exhaust the current rally.
Overall, a trader would not enter a long position in AAPL at the current levels, at least not until the stock shows that it can remain above, on a closing basis, the $73.80 resistance level and has consolidated sufficiently for the RSI, the %D and %K stochastic, and the MACD indicators emerge from overbought conditions.
Disclaimer: Trading stocks is not the same as investing stocks. A trader is interested in technical analysis, short-term movements, and stock momentum. An investor is interested in fundamental analysis, long-term trends, corporate governance, and growth prospects.
Stockboy, to sum up what Jimbo von Whateverhisnameis predicts:
December 15, 2006: “My prediction is that it will be higher than my highest entry point.” (I think that´s what he said.)
March 15, 2007: “Let’s aim for at least $85 by the end of March”
September 15, 2007: “A year from now, I’d be really surprised if we aren’t at $90 pre-split.”
=====Meself, I must say Jimbo is not too optimistic on apples stock.
Meself predicts $90 by March 2007(barring a major terrorist attack or bad news regarding Steve and his health and stock problems); split at around $100 by April/May 2007.
Then after the split around $75 in September 2007($150 unsplit), moving slowly up to $90 ($180 unsplit) by March 2007.
=====No word on Vinita Boy´s stock predictions.
=====
My prediction is that there are a bunch as**oles trying to look smart. The important thing to remember is Apple is going in the right direction.