AAPL: How high will it go?

[techweenie]

At the moment, AAPL is weathering the day pretty well. This is a classic example of 'sell on the rumor buy on the news.'

I think the company is positioned well if they go through with the rumored low cost iPhone and super TV. The phone will sell well as the market model moves from subsidized phone prices to owned phones and plan shopping. The TV -- potentially a 4K TV -- will not need to sell in large numbers as it will be aimed at the 98th percentile. But Apple can then bring the (presumed interface and selection) features down to lower priced sets.

[enzo1]

a lot of talk over what this WWDC logo means...

[enzo1]

[techweenie]

Originally Posted by enzo1

a lot of talk over what this WWDC logo means...

Long time speculation about iPads coming in various colors like iPods. Yawn.

[enzo1]

Ah, I thought iTv with applications....I like mine better Tech, HAHA

[techweenie]

Originally Posted by enzo1

Ah, I thought iTv with applications....I like mine better Tech, HAHA

I like yours better, too!

[RWebb]

Originally Posted by enzo1

Apple is moving into the cloud (which is where Amazon gets a lot of its revenue) - but then so is everyone else...

[McLovin]

Because I strategically did NOT buy a few weeks ago at $380, AAPL has risen nicely, up to $461.

[RWebb]

thx for helping me make a nice profit

[techweenie]

iTunes is selling its 50 billionth app any day now.

[biosurfer1]

About to drop below $400...any guesses on how low it will go??

[widgeon13]

It was below $400 earlier in the week.

[motion]

I keep buying more when its this low, but it never seems to gather any momentum above $450 or so. I am sad.

[widgeon13]

Seems no matter what they do it goes lower. I think if it got back to $450 I'd be gone. It's strange that some days the market is up and AAPL is down, other days it's just the opposite.

[techweenie]

From Apple's earnings call:

"Now, as we move ahead into the June quarter, I’d like to review our outlook, which includes the types of forward-looking information that Nancy referred to at the beginning of the call. We expect revenues to be between $33.5 billion and $35.5 billion compared to $35 billion in the year ago quarter. We expect gross margin to be between 36% and 37% reflecting approximately $90 million related to stock-based compensation expense. We expect OpEx to be between $3.85 billion and $3.95 billion including about $500 million related to stock-based compensation. We expect OI&E to be about $300 million and we expect the tax rate to be about 26%."

And an observation from a random commenter on money.cnn:

"I'd like to add one more thing, as to why Apple continues to be sold-off, even as the general market settles and ocassionally moves up.

The question is, who exactly is doing all the selling?

When the whole market sells off, obviously Apple gets hit along with everything else.

But.. one would think that Apple's massive stock buy-back would be able to counter the downward pressure better than it has.

Generally, Apple's stock price moves on news. Either Apple related news, or general market news.

I believe Apple is suffering from an orchestrated take-down by the HFT algos, during a seasonably slow Apple news-cycle.

How else do we explain Apple stock going down when the market goes down AND when the market goes up, with no new bad Apple news?

Apple is being held hostage by the HFTs."

----------------------------
Dow up 13.X% YTD AAPL down 20% YTD

Definitely an odd situation. thinking about buying...

[BlueSkyJaunte]

Originally Posted by techweenie

"Apple is being held hostage by the HFTs."

Who knew Harbor Freight Tools had such clout?

Seriously, though, what a marvelous way to placed the blame for your pet company's performance: Blame other shareholders.

I still contend that AAPL has grown past the point of having any "mojo". Every large tech company in existence has hit a ceiling, and apparently the AAPL brass is just unwilling to admit this.

It doesn't matter what MSFT, INTC, CSCO, DELL, IBM, etc. come up (or out) with. Their stocks are dead.

[RWebb]

just looked at some analyst info yesterday and they predict $1,040 to $1,400+ in 3-5 years - yes, I bought some at $400

[Vintage Racer]

Originally Posted by RWebb

just looked at some analyst info yesterday and they predict $1,040 to $1,400+ in 3-5 years...

Does he receive fees for doing banking work for Apple?

[Reg]

The analysts can be all over the map. Verizon is possibly coming into Canada and two of the big players stock dropped almost 10%. Buy on the sell is what I did. Only the long term will tell if it paid off for me.

[motion]

Originally Posted by BlueSkyJaunte

It doesn't matter what MSFT, INTC, CSCO, DELL, IBM, etc. come up (or out) with. Their stocks are dead.

Sorry, but you can hardly compare Microsoft and IBM with Apple.