“But even as Apple continues to climb to all-time highs, some analysts see reason to point even higher. On Monday, for example, Canaccord analyst Mike Walkley raised his price target for Apple by $10, to $366,” Moritz reports. “Still, as bright as Apple’s prospects may seem against other gadget makers, it doesn’t have the richest valuation among its tech peers.”
Moritz reports, “As one long-time Apple investor said regarding Apple’s $300 stock price: ‘I don’t know what to do. It’s hard to sell Apple when it’s the only stock I have that’s going up.'”
Full article here.
And of course, my stop loss kicked in and sold me out. It dropped 5% oh so briefly, and now it’s $8 higher than that sell point. How many times can this happen?
And of course, my stop loss kicked in and sold me out. It dropped 5% oh so briefly, and now it’s $8 higher than that sell point. How many times can this happen?
@ breeze
So true about Sony. I’ve been a customer since that first Walkman and I’ve seen the quality go from samurai sword to Ginsu knife. I’ve long ago stopped buying anything from them. My next TV will probably be a Samsung, barring an Apple alternative (not really expecting that). When my Sony surround sound blew up, that was the last straw.
@ breeze
So true about Sony. I’ve been a customer since that first Walkman and I’ve seen the quality go from samurai sword to Ginsu knife. I’ve long ago stopped buying anything from them. My next TV will probably be a Samsung, barring an Apple alternative (not really expecting that). When my Sony surround sound blew up, that was the last straw.
@ Uncle Al
I’m convinced that financial advisors tell you to set stops just so they can have their trader trolls shake you out from time to time. I quit setting them on AAPL for just that reason.
@ Uncle Al
I’m convinced that financial advisors tell you to set stops just so they can have their trader trolls shake you out from time to time. I quit setting them on AAPL for just that reason.
@ ChrissyOne, as is happening right now.
@ ChrissyOne, as is happening right now.
The stock won’t go up to 300 quite yet. It is end of quarter and the funds and brokers are cashing in on the recent build up.
Hopefully the new bottom for the stock will be ~280. 300 is a psychological barrier. Remember what happened when aapl first hit 200?
The stock won’t go up to 300 quite yet. It is end of quarter and the funds and brokers are cashing in on the recent build up.
Hopefully the new bottom for the stock will be ~280. 300 is a psychological barrier. Remember what happened when aapl first hit 200?
C1:
So true about setting stop losses…nothing like conviction is there…?
C1:
So true about setting stop losses…nothing like conviction is there…?
Apple is undervalued, and probably so for one main reason; Steve Jobs. Steve Jobs is the MAIN reason for Apple’s return to prominence, without Steve is there still an Apple? Of course there will be but there are some investors who worry what the state of Apple will look like once Steve Jobs is gone. We’ve actually seen that story and it wasn’t a pretty one.
No one can deny Jobs’ effect on Apple and with his health concerns the next time he leaves Apple will probably be for good. What will happen this time? Is there a competent successor in place that will continue with Steve’s vision or do we have “the sales guy” waiting in the wings to take over. We all know how that story goes. A little insight into possible succession plans could quell some investors reservations and help put the stock price where it belongs. Apple will never be a $1000 a share stock if Steve Jobs passes away before that happens. It may never make it to $500, and you can mark my word on that.
The Sony analogy is a good one because that is what I can see happening to Apple once Steve is gone.
Apple is undervalued, and probably so for one main reason; Steve Jobs. Steve Jobs is the MAIN reason for Apple’s return to prominence, without Steve is there still an Apple? Of course there will be but there are some investors who worry what the state of Apple will look like once Steve Jobs is gone. We’ve actually seen that story and it wasn’t a pretty one.
No one can deny Jobs’ effect on Apple and with his health concerns the next time he leaves Apple will probably be for good. What will happen this time? Is there a competent successor in place that will continue with Steve’s vision or do we have “the sales guy” waiting in the wings to take over. We all know how that story goes. A little insight into possible succession plans could quell some investors reservations and help put the stock price where it belongs. Apple will never be a $1000 a share stock if Steve Jobs passes away before that happens. It may never make it to $500, and you can mark my word on that.
The Sony analogy is a good one because that is what I can see happening to Apple once Steve is gone.
ob1spyker:
You forgetbthe main component that does not die: DNA.
The entire Apple team is true to it’s DNA. Sony has no DNA.
ob1spyker:
You forgetbthe main component that does not die: DNA.
The entire Apple team is true to it’s DNA. Sony has no DNA.
@ breeze
Apple would have to go down a long way for me to actually lose money. Actually, their cash hoard alone covers my buy price a few times over, so I prefer not to worry about it, let traders play their reindeer games, and go long.
$300 is going to be a huge psychological barrier and traders are going to hump it for all it’s worth. Expect some major fluctuations before we go charging through. And above all – Don’t Panic.
@ breeze
Apple would have to go down a long way for me to actually lose money. Actually, their cash hoard alone covers my buy price a few times over, so I prefer not to worry about it, let traders play their reindeer games, and go long.
$300 is going to be a huge psychological barrier and traders are going to hump it for all it’s worth. Expect some major fluctuations before we go charging through. And above all – Don’t Panic.
C1:
Damn straight – Definitely.
Steady as she goes, been on this ship since she set out.
C1:
Damn straight – Definitely.
Steady as she goes, been on this ship since she set out.
Apple DNA is pedigree.
Apple DNA is pedigree.
Scott Moritz is Mr. iFlop himself. Damn, how I hate those Apple mini-crashes. They make me almost poop in my pants. Apple got hit harder than most of the tech stocks today. Let’s hope it recovers and runs up to $300 by early next week.
Scott Moritz is Mr. iFlop himself. Damn, how I hate those Apple mini-crashes. They make me almost poop in my pants. Apple got hit harder than most of the tech stocks today. Let’s hope it recovers and runs up to $300 by early next week.
Sony had plenty of DNA. Nintendo still does. Apple’s value won’t go up until there’s some stability and proof that it can function without Jobs at the helm.