“Apple’s stock price currently hovers in the low $520s, a far cry from the days of AAPL closing just over $700,” Mark Reschke writes for T-GAAP.
“Where Apple’s stock price may be headed is up for huge debate, and if you want to believe AAPL is moving to $800, then believe this,” Reschke writes. “If you want to believe Apple is in a free-fall, go here.”
“There seems to be an abundance of Kool-Aid for everyone of any persuasion,” Reschke writes. “Underneath all of the pop culture of stock predictions lies a fundamental question: Did investors ever believe in Apple, or was it only Steve Jobs that they saw someone worth investing in?”
Read more in the full article here.