What do you think of Apple (AAPL) now?
the news of the new iPhone 3G is everywhere. the stock is starting to climb. where do you think it'll go / end up?
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989 points
rvilmur answered one year ago …
AAPL still has a great future. It has little real competition because of its superior operating system for its computers and an ability to innovate other products ahead of their competitors. But that said it is still possible for AAPL stock to drop or stagnate. It all depends on the fear and greed of the investors. My target for this year is 250. If a bubble mania happens, it could double that.
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2183 points
ChaosNantuko answered one year ago …
Based on my TA rules, i'd say...
If it breaks above 190, i'd say its a buy.
If, after that, it tests 200 and fails, then i'd definitely sell asap.
If it goes down under 170, i'd short, with a close limit order to cover around 175.
One other thing to consider from a TA perspective is that the market was down a bit today, but apple showed some strong strength. This may be enough to put it over those critical 190 and 200 marks. I'd still wait for it though.
From a fundamental perspective, I like apple. It seems to be growing at a fast rate, and I'd estimate earnings growth of around 40% annually. Even considering the slowing earnings growth, I'm thinking it will get around 25% return annually for the next couple years.
2082 points
alanj answered one year ago …
It is still trading within a neutral trading range. Too early to tell which direction it is headed. It's a little early but, it might be forming a triangle formation. If it is, then it is likely to break to the upside. You should wait until you see a diffinite trend. If it starts trending up, buy when it dips to the area of the 50 day moving average ( or the lower trendline) and starts back up. If it starts trending down, short when it approaches the 50 moving average (or the upper trendline) and starts back down.
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307 points
CG answered one year ago …
Overvalued gadget company, doomed to tank hard and fast along with the general markets in my opinion.
I'll be shorting if it rallies close to $200, and probably covering over $205. I doubt it'll even rally as high as my shorting range though.
Only reason I didn't short recently is that I've been carrying massive short/put positions but have covered/closed some of those today so I'm ready to re-load on anything that's still high-flying such as AAPL.
