“Citing yesterday’s sharp pullback in share price, Citigroup on Wednesday upgraded shares of Apple from Hold to Buy and suggested that investors take advantage of present weakness to build their positions in the company,” Katie Marsal reports for AppleInsider.
“‘We see worst-case near-term downside to $115, but view the probability of a pull back to these levels as low,’ lead analyst Rich Gardner wrote in a research note,” Marsal reports. “‘With upside to $160, we would increase positions at current levels and simply use any near-term weakness to buy more shares.’
Marsal reports, “Gardner noted that Apple shares declined some 6.8 percent or almost $10 Tuesday following rumblings of iPod and iPhone production cuts in Asia, but said the Street shouldn’t have been alarmed by such cuts.”
Full article, including Apple’s “strength in Macs” and next Tuesday’s Mac-related media event, here.
DREAMS DO COMME TRUE
backing up the truck!!!!!
YES
love it
Just sold 100 shares at a 1514% ROI. Hoping AAPL dips in the low 100’s to buy again!
Don’t look for AAPL to get much below $125 this summer. I’m also taking advantage of this buying opportunity while everyone is on vacation and not watching the market. New product announcements next week (not iPhone or iPod) will turn heads and will again cause APPL to rise.
In order to get AAPL back to setting daily records, here’s what’s got to happen…
iPhone – $199
AT&T offer – $149 discount for 2 year contract
Net cost of iPhone – $50
Then, Steve will hit his targets. But not at these prices. Sorry.
@Solution
That’s no solution. Everything is working just fine right now.
@ Solution
1. You have no idea what Steve’s targets are.
2. You have no idea how many iPhone have sold.
And you’re a delusional idiot.
…and you ignore the fact that AT&T already pays Apple a bounty for every contract and Apple also isn’t having a problem selling the phones for what they’re worth.
Get a clue. Look at the mobile market in the rest of the world. We have crappy phones in the US because of this Cheap As Free subsidy game the carriers play. It’s bad for people who can’t do math.
@ChrissyOne
Everything I know is what I read around here… not everyone can be as smart as you but, hey, don’t hold back the inside info… let us all in. What do you take us for, a bunch of mindless Mac freekos? Huh?
git em’ Chrissy!
“Everything I know is what I read around here… “
Well there’s your problem. This needs no further comment.
Gee ‘solution’, with smart analysis like that I reckon you’ll be getting a call from Jobs any minute to take up a position as chief strategy officer and right hand to SJ.
Keep up the good work.
You say that iPhone is too expensive and should be $199, well you say that because you want it and can’t afford it, same thing with let’s say BMW, I want it to cost less because it’s nice and I can’t afford to pay 80k.
All nice things cost a lot, because they pack a lot of expensive stuff
MDN magic word : “down”
I like all these so called experts that have to troll on here to ‘break the bad news’ to us and save us from ourselves.
People like “Solution” need to go get a job and stop trolling Mac boards.
I do not pretend to know the short term trends, which are driven largly by Wall Street crooks, such as hedge funds. I just buy and hold for the long term. It has worked for me.
You want good news? APPL has moved above 134.50 from a low this morning 127.77 this morning. However, smart is buying and holding! MDN Magic Word = green.
Do these guys actually get paid to say “hold” when the price goes up and “buy” when the price goes down? Duh???
Charlie, it’s AAPL.
And was that the 7% “Solution”?
@ NSFY
Water, Sugar & Salt. Stops weakness after diarrhoea!:-)