Apple looks good!

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  • riverbabe
    Senior Member
    • May 2005
    • 3373

    Originally posted by Duniyo View Post
    Apple is a good company, no will dispute that; however, it has been stuck in a range for a long time. Apple is over 500 today but in two weeks it will most likely be 490-480. Usual Apple movement - good for traders; bad for investors.
    I got out at 498 (and $10K+) yesterday. Can't seem to hold 500. Waiting for 480 again. But, because I got out, it'll probably hit 550.

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    • Phoenix7
      Senior Member
      • Nov 2011
      • 3663

      River I say $700 over time ......as Christmas approaches and Apple rolls out their new Tablet ..........Looooooook Out the sheep will flood in to the Apple stores hungry for their latest product! I don't have an Apple product except an I-Pod , but go to any Starbucks ,,,,,,people all round pull out those sleek "Prestigious" Apple computers, while sipping on their 5 Dollar Lattes!
      Now Dunkin Donuts is another story . I feel their coffee is better than Starbucks, but what you see their are older people scratching off lottery tickets, and younger folks wearing their caps on backwards with Tattoos on their necks, and not a Apple computer in sight LOL!

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      • Phoenix7
        Senior Member
        • Nov 2011
        • 3663

        APPLE GOING TO "DOUBLE" FROM HERE!
        Folks one pundit on the web says the following "With a market cap of $450 BILLION Apple has an earnings per share (EPS) growth rate over the past 3 years of 52%, meaning roughly profits could DOUBLE in about 18 months. If the stock simply simply traded at its current Price/Earnings P/E multiple of 12, which is a 20% discount from the overall market , that alone could justify a 100% gain for the stock , getting you to $980 per share. But if the P/E matched the market's rate of 15, Apple could trade even higher , perhaps as high as $1,175 per share!"

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        • Duniyo
          Senior Member
          • Oct 2010
          • 199

          Originally posted by riverbabe View Post
          I got out at 498 (and $10K+) yesterday. Can't seem to hold 500. Waiting for 480 again. But, because I got out, it'll probably hit 550.
          Riverbabe, let me know the next stock you're selling

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