95% of the analysts were expecting it to outperform, most people assume it was the other way around because the media (looking at you cnbc) only echoed the analyst that doubted.
CrAAPLe beats earnings estimates by 94%, and closes down $20-plus per share three days post-earnings. Gonna be some severe beatings given in those Asian sweatshops over those kind of numbers.
IMO I think it hits 700. It's a 16.08% move from here. Would you care to elaborate on why you don't see 700?
more reason to hate Apple, they are tax dodgers. http://www.nytimes.com/2012/04/29/b...gy-aims-at-low-tax-states-and-nations.html?hp See a pattern here? Milk customers, slave labor, tax dodge.
I'm more of a Trend Trader, believing all Fundamentals, Technicals and Emotions are reflected in the Current Price, Support & Resistance Levels & Trend Direction. So I don't get too specific about where a stock price will be next week or in 8 months, though I must choose Strike Prices when making bets of course. Currently my January Strikes range between 570-660, which I think are "reasonable guesses" based on the Chart. I'll add more positions as things develop over the coming months. But if AAPL is at 500 on December 1st, I'll have to "go with the flow" and make the necessary changes, etc. Anyway, as to Fundamentals, I'm sure you guys have seen all these numbers already (they vary a bit from site to site), but here's a recap: AAPL: 2012 Fiscal Year Average Quarterly EPS: Dec 2011: $13.87 Mar 2012: $12.30 Jun 2012: $10.39 (estimate) Sep 2012: $10.45 (estimate) 2012 Total EPS: $47.01 Trailing PE Ratio: 14.69 (x $47.01 = $690.58) 2012 Ave Price Target Estimates: $725-$741 High Target: $910 Low Target: $270!!!