Unfortunately for us, the next stop for AAPL will be $400.

What is the rational for that? Just wondering.

...or maybe $225, if they go through with the rumored stock split.

an article I read on the technical trend line for AAPL over the last year or so. Says that once it breaks $440, it will go to $400.

"Tech giant Apple (NASDAQ:AAPL) has been knocked around for about 160 days or so since peaking just above $700. Since then, the shares have given up more than $250 per share for a decline of about 37%, but is that enough?

Interestingly enough, the charts are telling us “no”. Just as perfectly as the stock followed support trends on the way up, the shares are now just as sensitive to overhead resistance from the same technical trendlines on the way down. Unfortunately for the AAPL bulls, those trendlines (as well as a few other technical tricks) are forecasting that the next move for AAPL should be to the $400 level, racking up another 10% decline for this former Belle of the Bulls.

At the time of this writing, AAPL was breaking through the $440 level, a significant technical price according to the charts. This break lower is happening after an unsuccessful attempt to break back above the shares’ declining 20-day moving average. The declining trendline’s approach of the $440 level puts the shares between the technical rock and hard place, forecasting a significantly high probability that the shares will break into another layer of selling in the near-term future."

I am sorry to have doomed you all by purchasing some of this stock.

With Steve "The One" Jobs gone and no hints of any disruptive tech in the wings, they're just like any other big tech company. They have more opportunities to fail than they do to succeed.

How's MSFT stock doing these days? INTC? CSCO? All three are absolute giants in their respective industries / market segments. Their profit margins are phenomenal. Yet their stocks have been languishing for years.

A company has to produce "game-changing" tech that fires up the consumer base on a regular basis in order to see the irrational exuberance that AAPL has seen in the past decade.

I'm just hoping for just one more run of irrational exuberance for AAPL, to let me get out.

$430 today

Can you hear me sobbing all the way from here?

wonder if I should buy it back now?

Apple headed to $270?

Let's revisit Ed Zabitsky's $270 per share Apple price target - Apple 2.0 -Fortune Tech

**deleted**

check out the p/e's

or without the stock split.

Sure, if something happens to the $260 in cash Apple is holding for every outstanding share.

LOL

You mean $42 per share, right?

AAPL Key Statistics | Apple Inc. Stock - Yahoo! Finance

SmileWavy

That really depends on how you want to define "cash." Yahoo's number represents the physical cash they have. But a lot of people would add short term investments & net receivables to that number, because they are essentially cash. From quick head math that puts you at roughly 66 Billion in cash, which I think should be around $160 per share in "cash."

Sorry, got that completely backwards. It's around $260 ex- cash.

Still feel its a buy at anything under $550. Other than iPods, their key product lines are thriving.

A good read . . . LA Times - How Apple invites facile analysis

"What we can say, however, is that the sentiment and stock action related to Apple offer a perfect study in how conjecture and misunderstanding can trump actual knowledge when it comes to evaluating a company."

Ian

AAPL dropped into the $300s today.

Hands over ears!

Nanananananananananana!:D

I don't want to hear about this.

ok, I bought it back

That's pretty funny, but it does highlight a serious problem.

Apple was a huge innovator with the iPod and iPhone, and I guess the iPad.

But the problem is it seems they really weren't able to get much intellectual property protection for those innovations. Since it seems there are now many competitors that look and function in basically the same way. And for much less money (case in point is the Nexus 7 that I bought for $199, that works great).

I'm supposing Jobs was a driving force in these innovations.

But really, those are played out now, and do almost nothing to help Apple continue to grow (and stock price is raised by growth).

So does Apple, post-Jobs, have it in it to innovate the "next big things?"

I don't know. But at this time, there doesn't seem to be much indication that it does.

I thought it was funny, but like a lot of humor, is factually baseless. Steve left a 5 year product roadmap.

Interesting to go back and re-read the first couple of pages of this thread.

I remember the first time I saw the iPhone 5 and held it in my hand. I had this gut feeling to logon to my etrade account and sell all Apple stock right then. Then the mini-iPad - same feeling. Completely underwhelmed with both. Sure enough, the stock price started its rapid decline right afterwards. Nothing new, nothing fresh in either, and nothing even rumored to be coming down the pike....

No kidding... that's what I get for listening to so-called analysts. I'm done with the stock market. Never was very lucky with gambling.

It is more complicated than that. There are a couple of engineers left at Apple. They are still the dominate player in several different areas.

The value players will come as soon as the growth guys and fan boys are flushed out of the stock.

Apple has $40B in cash. Their profit margin is 25%. Their dividend yield is 2.7% (one percent more than the 10-Year). The ttm P/E is 9. The P/E estimate 8 (that could go up). Most of their fan boys owe more on their credit cards than Apple owes in total corporate debt.

Very true. The analyst "experts" still advocate buying Microsoft in all the financial mags and websites. Microsoft has been a $28 stock for over a decade and this been going on throughout.

Read all of this in multiple articles this week. Problem is, no one reads this stuff. They sell on emotion and lack of cutting-edge product pipeline.

Someone better tell Cook where Steve left that roadmap, soon!

I disagree. I didn't listen to you on Apple, only because I didn't want to spend that much per share on a stock. However, you made me a fair amount of money when you suggested buying Facebook when it dropped to $19 a share and I sold it a few months ago at $32. I also took your advice regarding investing in micro lending institutions. My overall return on them has been a steady 12%. So thanks!SmileWavy

quoted for emphasis

When does adding a few features and fixing a few others mean you have innovated and created a whole new product?

Every time Apple comes out with a new product, I think people are less and less impressed with the fact that it is either the same iPhone with added/fixed features or some sort of mini version of one of their other products.

Not exactly. I bought Mr. Softie several years ago for closer to $22. I've enjoyed a fair return when including dividends.

I'd rather hit singles and doubles with an occasional home run.

I disagree. The general public doesn't read this stuff. But they usually get killed and blame someone else.

A serious investor spends a lot of time understanding what the **** is going on.

Good to hear you made a few bucks :) I sold mine at $26. You have great timing!

My microlending is also returning 12%. Not too bad at all.