AAPL: How high will it go?

[motion]

McLovin, just when I've nearly forgotten that I own AAPL, you keep resurrecting this damn thread, and I have to repeat the whole cycle of therapy and meds all over again.

[KFC911]

Originally Posted by motion

McLovin, just when I've nearly forgotten that I own AAPL, you keep resurrecting this damn thread, and I have to repeat the whole cycle of therapy and meds all over again.

Stockdoc here: Take two RIMMs and call me in the morning .

ps: I keed...don't need to listen to ANYTHING I say...just a feeble attempt at humor.

[McLovin]

Wow, AAPL at 483 this morning.

My plan a few weeks ago was to buy a final tranche if it hit 490.

Now I think I'm going to hold off for 460.

[techweenie]

IMO, anything under $550 is a deal unless you are trying to get in and out in the short term.

[motion]

Seems like a very good deal now, but I would hold off for the bottom. Its still sliding. No sense getting in now.

[techweenie]

Maybe, but in the past, I've lost a fair amount of money trying to hit the very top or the very bottom of a trend...

[coldstart]

Edited.

[KFC911]

Originally Posted by coldstart

Good year for stocks except for Apple.

RIM (RIMM) and Best Buy (BBY) are way up. BBY has gone from 11.57 to 14.70, an increase of 27%. I wish I had bought more.

Just to keep things in perspective...it's been a good "year" for AAPL too...still up approx. 25% from one year ago.

[widgeon13]

Down 33 pts now in aftermarket trading, looks like a buying opportunity for somebody.

[krichard]

down $50 now.... and who says the market isn't irrational. They set a quarterly revenue record of $54B, set a quarterly profit record of $13B, they have no long term debt and now have $137B in cash. What a disappointing quarter and with their typically low-balled forecast for Q2 no wonder everyone is dumping them .

Guess it's time to load up even more than I already have over the last few weeks.

[widgeon13]

It's just crazy.

[biosurfer1]

"disappointing"? maybe not... but supportive of the stock price, not really.

[widebody911]

Originally Posted by krichard

down $50 now.... and who says the market isn't irrational. They set a quarterly revenue record of $54B, set a quarterly profit record of $13B, they have no long term debt and now have $137B in cash. What a disappointing quarter and with their typically low-balled forecast for Q2 no wonder everyone is dumping them .

'Splain to me again how the stock market isn't simply institutionalized gambling?

[motion]

I think what we are seeing here is a no-faith call on Tim Cook. Perhaps thinking Apple could continue on as a star without Steve Jobs was wishful thinking. I know that I have always had the thought in the back of my mind that Apple will never be the same again. That insane magic, passion and vision is probably now missing from the company.

[McLovin]

There's blood in the water. Tomorrow is gonna be UGLY.

Hold me, motion.

[krichard]

Originally Posted by motion

I think what we are seeing here is a no-faith call on Tim Cook. Perhaps thinking Apple could continue on as a star without Steve Jobs was wishful thinking. I know that I have always had the thought in the back of my mind that Apple will never be the same again. That insane magic, passion and vision is probably now missing from the company.

It's really hard to have faith with those numbers and dismal outlook. I mean they will likely fold in the next year or two....

Realistically, they'd be better off with a really bad quarter or two followed by a big turn around. That would boost the stock and make everyone happy.

[lendaddy]

Originally Posted by McLovin

There's blood in the water. Tomorrow is gonna be UGLY.

Hold me, motion.

Because that is what logical/rational folks would expect...it will go the other way. It's really not much different than sports gambling in that regard, fade the public

[KFC911]

The "correction" was not gambling, nor an indictment of Tim Cook or Apple imo. Apple was a "bubble" that began it's irrational expansion last year around this timeframe. Still a great company to own, but the "exhuberant party" is over. The large company/system/number effect in play from here on out...YMMV.

[Vintage Racer]

I'll cover my short today.

[motion]

I need a drink, or 6.