“We are now three weeks into my prediction that Apple (AAPL) shares will reach $140 by the end of May,” Richard Saintvilus writes for Seeking Alpha.
“If it were not for the Fed and other stupid things going on in the market, which have nothing to do with Apple, AAPL stock would be at $138 by now,” Saintvilus writes. “Obviously it will take a miracle [for AAPL to reach $140 by the end of May]… But whether the stock reaches $140 by the end of May is besides the point. It’s a matter of ‘when,’ not ‘if.”
“$140 can still be taken out quick. Why? Mutual funds that foolishly bailed on AAPL, attempting to beat Apple longs to the punch by selling before the ‘stock’s demise,’ have realized their mistake,” Saintvilus writes. “These funds are now underweight the shares and are eager to get back in. ”
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