Since analysts at popular investing firms are selling the public a $900-$1000 AAPL dream, I thought I would venture out and state my price target. AAPL will tumble to or realign with low-mid $300s. Coincidentally, a price that is to be realized if YTD(2.5months) gain is taken away.
This is about as idiotic as you shorting goog. What you fail to realize is that this would be a ridiculously low multiple to cash, not book. You're talking about it going back to 2x cash value, and that'll never happen. You're also claiming Apple should be selling at less than 6x forward pe. <b><i><u> Do you understand how fucking stupid that is?</b></i></u> Apple's at 12x forward pe, market's at 13 pe, so you want to sit here and tell me Apple shouldn't be at 20x? How naive. If you wake up in the morning to pump your short, I can understand why you'd bet against them. But if you even took a peek at a balance sheet you'd realize how much of a moron you'd have to be to believe that. Now, please tell me the last time there was ever a stock that'd sell for 2x cash and 6x forward pe, then do some research and backtest all of them with positive EPS. If you don't find the returns are enormous you don't know what you're doing or what you're talking about here. Idioitic, very simply.
Against the Trend guesses like this are a waste of time, and very expensive if you place your bets on them. Look at the charts to help you make high probability trades. They tell you where Fund Managers are putting their money (for a variety of fundamental and technical reasons). The multi-millions of dollars they buy and sell with is what makes stock prices go up and down. Ride on their coattails and make some $.
This is one of the best Uptrends you're ever gonna see. Don't bet against it. You may as well light your cigars with $20 bills...
And you wake up in the morning to pump your longs? Idiotic? Let the market decide, fool. That's what it is there for. The audacity... Moronic, very simply.
You're stupid. I'm not the one claiming Apple's going to sell for 6x next year's earnings. If you believe that, you're idiotic. There's nothing moronic on my side but having to comment on your stupidity. You've replied with nothing substanative as it relates to valuing Apple, instead choosing to rely on ignorance, and that is the very definition of stupidity. GSC is a loon, and so is anybody else who thinks Apple's going to $350.
Wow, hypocrisy is at 100% on Fridays? Why don't you go count your higher highs, and your higher lows while finding supports for your resistance. There is no bigger idiot than one who trades numbers. Whether it is derived from price or a balance sheet. If you want to be a fundamentalist, go preach at a college. Better pay and you can argue how things SHOULD turn out. Just saw your addition to the reply. You see, I am not an adviser. I don't need to collect/survive on fees from clients because of lacking capacity to fulfill those trades myself. Meaning?...I do not need a sales pitch and have no one to convince as opposed to the promotion I addressed in my initial post. As much as I love discussing the composition of idiocy with an idiot, markets are about to open. P.S. FYI, I am bearish on OIL, GOOG, AAPL and bullish on EURO vs. DOLLAR. P.S.S. Some words that I missed: Moron, Stupid.
'Avery ' What were his parents thinking ??? http://cjonline.com/news/legislature/2010-11-04/chase_hits_speeds_of_118_mph March 14, 2012 Why did ET admin / mods open two of my unread private messages ? Anyone got the guts to own up ?
We are overbought. I'm looking for a short on NQ and long SQQQ. That doesn't mean I don't know Apple's a safe bet to $700.