Apple [AAPL] “stock hit an all-time record high close of $422.40 Friday, a few points shy of the record intraday high it reached on Oct. 17,” Philip Elmer-DeWitt reports for Fortune.
If you can keep a good stock down then you are able to load up for the ride back up. It’s like a slingshot — the harder you pull, the more propulsion you generate. – Jason Schwarz’ Apple: Seven Reasons Shorts Love It.
P.E.D. reports, “I’m not quite as cynical as Schwarz, but I’ve noticed that Apple does tend to bottom out mid-way through the quarter — almost as if someone were preparing to load up on the stock at the lowest-possible price — and then run up in advance of a quarterly earnings report that almost never fails to beat the Street’s expectations.”
Read more in the full article here.
MacDailyNews Note: Apple’s all-time intraday high stands at $426.70, set on October 17, 2011. Apple’s 52-week low is $310.50.
Apple’s market value currently stands at $392.58 billion.
The top five U.S. publicly-traded companies, based on market value:
1. Exxon Mobil (XOM) – $408.00B
2. Apple (AAPL) – $392.58B
3. Microsoft (MSFT) – $236.42B
4. IBM (IBM) – $215.14B
5. Google (GOOG) – $210.53BSelected companies’ current market values:
• Wal-Mart (WMT) – $202.06B
• GE (GE) – $196.89B
• Intel (INTC) – $128.57B
• Amazon (AMZN) – $83.04B
• Cisco (CSCO) – $101.34B
• Disney (DIS) – $71.70B
• Hewlett-Packard (HPQ) – $52.38B
• Dell (DELL) – $27.56B
• Nokia (NOK) – $19.44B
• Sony (SNE) – $17.50B
• Yahoo! (YHOO) – $19.24B
• Adobe (ADBE) – $14.12B
• Motorola Mobility (MMI) – $11.52B
• Research In Motion (RIMM) – $7.91B
• Sirius XM (SIRI) – $7.50B
• Advanced Micro Devices (AMD) – $3.78B
• RealNetworks (RNWK) – $0.25BAAPL quote via NASDAQ here.
Related articles:
Apple shares hit new all-time intraday high – October 17, 2011
Apple shares hit new all-time closing high – October 14, 2011
Apple shares hit new all-time intraday, closing highs – September 20, 2011
Apple shares hit new all-time intraday, closing highs – September 19, 2011
Reloaded at $394 and $407 and that was less than a month ago …..
If stock runs up to $445, which it will, the trade will pay for wives new BMW ….. She is excited and watching stock and count-up to $445 …..
Her option if she wants to hold the shares longer and get a little something extra to go with ….
Ansel.
Bought my first option ever on 12/16 @8.49.
Priced today @ 28.40. 232% gain in 3 weeks. Yehaw.
Profit nearly 20,000. Total AAPL profit in 3 weeks $69,256.
I think heading to AAPL @ 450-470 in next 2 weeks. Barring no external market issues.
how many contracts at that 8:49 strike?
yeah?
It’s up $20 and he says +$20,000, so i’m going to take a crazy wild stab and guess 10 contracts.
Oh I see now, you were making fun of the way he wrote it.
Please ignore my inappropriate sarcasm. 🙂
Sorry, but an earlier reply didn’t take. The Count is right, I bought 10. But also still have over 1100 shares outright.
BIG, BIG SMILE.
Stoopid. Posted earlier reply below.
It’s not the usual up and down.
AAPL is currently motivated by COD forces that include “burn in” at certain levels. In other words, when AAPL hits a new high that is sufficiently higher than it’s YTD average, it’s unstable. It needs to burn in at that new level. The more time it spends at the higher level, the more investors accept it as a new baseline and are willing to push it even higher.
That’s what’s now happening. Having established a PLUM weight of $402 a share, AAPL is more likely to punch above its weight.
For god’s sake, for the benefit of those of us who have little experience of the stock market, please talk bloody English! Your continued use of obscure acronyms make you come across as a pretentious idiot!
Lord, what fools these mortals be!
=:~)
They’re making bookoos of moolah.
First the disclaimer: I’m a long AAPL owner (since 1999), and I get that stock prices can and do affect a lot of real people out there. However, if someone is so serious about the AAPL side of Apple rather than the mundane tech affairs, well, I would expect them to prowl some more dedicated investment sites run by professionals. On a personal level, I view Apple as a innovation leader on multiple fronts (i.e. not just in tech or in business) and so, after awhile, the daily (or even seasonal) ups and downs of stocks don’t matter so as the overall success of the dizzying Inc. on a moving puck. The stocks seem like races of some surreal squiggly lines playing catchup.
The stock obsessed punditry and the incessant coverage, both in line and against certain manipulators, seem less trivial if not often a bad joke. In other words, much as I like MDN (not to mention a few other excellent sources like PED’s), most of these almost daily stock coverages induce but yawns from many of us who care more for Apple the multi-innovator than the AAPL.
From this context, I feel, squiggles’ posts rock out by exposing the absurdity and silliness of these obsessive (now routine and soon in 3D) AAPL coverages. I could be wrong about his/her intentions, but the way I see it, I’m a fan.
Chas: sorry for the acronyms. Occupational hazard I suppose. Half the time I’m not even aware that I’m using them! I’ll try and be clearer in the future.
Squiggles is just trying to confuse people when he uses the PLUM weight rather than the FIG ratio, which provides a better indicator of future growth.
Isn’t future growth dependent upon the straight line VIAGR graph?
‘Isn’t future growth dependent upon the straight line VIAGR graph?’
That’s a fallacy, at best you’ll get an upwardly trending curve. 😉
You guys are absolutely hilarious. Keep it UP.
Squigg . . . .
As long as you’re at it with your acronyms, let’s get something straight in the rest of your English:
“it’s” = “it is” (” . . . it’s unstable . . . .)
“its” = possessive pronoun (“. . . higher than [its] YTD average . . .)
And now ON WITH THE BEFUDDLEMENT OF TECH TALK!
Randian: Oh dear! I should know better! Thanks for correction. 🙂
When I use CORN my stocks go in the HOLE. Factoring in TOE and JAM we get a nice curve ratio to our GOBL d GOOP.
Chas Squiggles makes up those so-called acronyms they are part of his joke. Some of them are pretty funny if you follow him.
Thank you MDN!
I can almost feel the tension of Apple shareholders getting antsy about Apple running up to $460 or some crazy high number despite the fact that Apple never runs up like that. This stock stumbles and stutters like an ancient Fiat 500 using cheap gasoline. This stock is no Lambo Murcielago or Bugg Veyron. Apple stock is just as likely to stall out while going downhill with a tailwind. I know that most of you say you have confidence in Apple but there’s always that little voice calling out in your head saying, “What the hell is going to go wrong this quarter?” Yeah, what sales numbers are going to missed and by how much will Wall Street and hedge fund managers be disappointed.
Maybe you guys should just listen to your churning stomachs and sell your shares while the going is good. No matter how well Apple does, someone will always point out the missed opportunities, the lowered next quarter guidance, the millions of iPad sales stolen by the Kindle Fire or even further losses of sales in the iPod department. Apple is designed to disappoint on earnings, so don’t get your hopes up too high. The Apple bulls don’t buy Apple stock, they only like to play with theoretical numbers and no risk of their own. If they’re wrong, they’ll either give some crazy excuse or just disappear for a while in order to work up some other cockamamie Apple share price theory.
Just remember the favorite saying, “Wall Street just doesn’t understand Apple.” and be grateful if Apple shares don’t drop back below $400 after selling a bazillion iPhones and iPads. Happy New Year, except for maybe Apple bulls.
♪ ♫ ♩ ♬ “I’m a Troll, fol de rol, I’m a Troll, fol de rol…♪ ♫ ♩ ♬
Oh, and one more thing:
AAPL is now 14.24 times larger than DELL! Sell the company, Mikey; I hear RIM needs a good subsidiary.
Not only that, but Apple has more *cash on hand* than the combined values of Dell, Nokia, Sony, and Yahoo.
Perhaps it’s because ARM (ARM.L) is traded on the London Exchange but I think the list of comparative stocks should have included it. The stock is doing extremely well as you might imagine. Currently their Market Cap $8.22B — higher than RIM and more than double AMD.
As more and more companies jump on the mobile wagon, ARM can’t help but increase in value. While Intel (INTC) is seeing their market hit by the success of ARM in the mobile sector their strategy might not save the day. Recent financial downgrades have reflected a prospect of PC manufacturers moving 10-15% of their product bases away from Intel and to ARM.
The stock price is not for the average Joe Investor sitting in the $600/share region similar to Google.
Dell maybe worth 25 billion in Zimbabwe money.
Apple stock has been following the standard trend for the stock. A new baseline is established and then the stock rockets up creating a new baseline. For example:
June – Baseline – 320, New High – August – 400
Sept – Baseline – 360, New High – October – 420
Nov – Baseline – 380, New High – 420 and rising
Given that the stock will likely be pumped up prior to the quarterly results release it could go to 450+.
Ive got Exxon at $413.9 billion. I don’t know where this price here was found.
And yes, I’m long Apple, and have been since mid 2004.
Just 10 🙁 (course that is hindsight- should have got more). But, wanted to test my theory. (so far correct, will know better in 2 weeks)
Sly, laddie.
Not if investors have a big stake in it