Apple shares soar to all-time high for 5th consecutive day ahead of earnings report

Apple Online Store“Apple Inc. shares soared to an all-time high Friday for the fifth consecutive day as investors gear up for big earnings next week from the maker of the iPhone, iPod and iPad,” The Associated Press reports.

“Cupertino, Calif.-based Apple’s stock surpassed $300 for the first time this week. Investors already had a good feeling about Apple’s latest mega-hit product, the iPad, which analysts expect will add $3 billion in revenue to the fiscal quarter that ended in September,” AP reports. “On Thursday, Apple announced that Verizon Wireless and AT&T Inc. will start selling the iPad directly to customers.”

AP reports, “Apple is set to report results for its fiscal fourth quarter Monday.”

Full article here.

[Thanks to MacDailyNews Reader “iWill” for the heads up.]

50 Comments

  1. Apple’s value rose 11 Billion dollars since yesterday, meaning Wall Street loves the fact that Apple is expanding in the marketplace.

    The fact that Verizon and AT&T will be able to make iPad package deals for their enterprise customers means one thing:

    CHA-CHING!

  2. Apple’s value rose 11 Billion dollars since yesterday, meaning Wall Street loves the fact that Apple is expanding in the marketplace.

    The fact that Verizon and AT&T will be able to make iPad package deals for their enterprise customers means one thing:

    CHA-CHING!

  3. ” The fact that Verizon and AT&T will be able to make iPad package deals for their enterprise customers” might also turn the economy around some… Coroprate IT spending has been frozen forna number of years now, iPad has garnered serious respect and recognition in the corporate world as a worthy PC alternative…
    Spendingbon the iPad will be easy since there are no alternatives and the corporate world needs a tech upgrade. Next, the halo effect follows.

  4. ” The fact that Verizon and AT&T will be able to make iPad package deals for their enterprise customers” might also turn the economy around some… Coroprate IT spending has been frozen forna number of years now, iPad has garnered serious respect and recognition in the corporate world as a worthy PC alternative…
    Spendingbon the iPad will be easy since there are no alternatives and the corporate world needs a tech upgrade. Next, the halo effect follows.

  5. Don’t get me wrong. I’m cheering the good news. What worries me is that Wall $treet is setting up the little guy for a body slam after the earnings call. It’s not that the earnings won’t fantastic; they will. But watch for the bastiches on the $treet to use their institutional leverage to plunge the stock’s valuations if the PROJECTIONS fall below the nose bleed-level expectations they ANALysts will put put on the stock.

    At the same time, don’t be surprised if the institutional short sellers and hedge funds dive in to slam the stock’s price. You might see tepid reports from ANALysts and hedge funds prompting a temporary backlash against Apple stock. Why? Because they will take their profits today or on Monday, push the stock’s valuation down below $300, and then buy in when the little guys panic and bail out, allowing the stock’s price to again rise in a couple of months.

    It’s a manipulation game we’ve seen time and time again. And you, the little guy, are the bait. They want you to buy in now, and just as you do, the big guys will sell to take profits. Once they’ve cleaned main street out, Wall $treet will jump in again.

    My advice: if you’re invested in Apple, stay put and let this silly behavior run its course. Stocks eventually track their earnings, so as long as the earnings are strong, the price will move up again, albeit a bit more slowly than it should.

    There was once a day when Apple shares could be had for but $8. Then, analysts did not care a whit about Apple, and for the little guy, a ton of money could be made. Today, Apple is the darling of Wall $treet, and every twitch of Steve Jobs’ nose is closely watched. Apple is still a buy in my book, but to succeed, we’ll need patience. It’s something that good investors have inside.

  6. Don’t get me wrong. I’m cheering the good news. What worries me is that Wall $treet is setting up the little guy for a body slam after the earnings call. It’s not that the earnings won’t fantastic; they will. But watch for the bastiches on the $treet to use their institutional leverage to plunge the stock’s valuations if the PROJECTIONS fall below the nose bleed-level expectations they ANALysts will put put on the stock.

    At the same time, don’t be surprised if the institutional short sellers and hedge funds dive in to slam the stock’s price. You might see tepid reports from ANALysts and hedge funds prompting a temporary backlash against Apple stock. Why? Because they will take their profits today or on Monday, push the stock’s valuation down below $300, and then buy in when the little guys panic and bail out, allowing the stock’s price to again rise in a couple of months.

    It’s a manipulation game we’ve seen time and time again. And you, the little guy, are the bait. They want you to buy in now, and just as you do, the big guys will sell to take profits. Once they’ve cleaned main street out, Wall $treet will jump in again.

    My advice: if you’re invested in Apple, stay put and let this silly behavior run its course. Stocks eventually track their earnings, so as long as the earnings are strong, the price will move up again, albeit a bit more slowly than it should.

    There was once a day when Apple shares could be had for but $8. Then, analysts did not care a whit about Apple, and for the little guy, a ton of money could be made. Today, Apple is the darling of Wall $treet, and every twitch of Steve Jobs’ nose is closely watched. Apple is still a buy in my book, but to succeed, we’ll need patience. It’s something that good investors have inside.

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