Could go to $700 by the end of the year because of uneducated investors just throwing money at a stock because they like the name. Apple is way over valued in my opinion. Best of luck if you buy the stock.
Apple
- Thread starter kneifl
- Start date
You're right, anything could happen. I got back in right around where you did Vinnie - made me sick to have to do so after being tied in at 495. However, to address some of the comments in the thread. Let's look at AAPL and some of the other internet giants:
GOOG - undervalued but still has shown some good gains the past few years. They need to specialize in a few different things rather than trying to conquer everything. Think advertising, search, and mobile. Sometimes less is more. Probably the safest play out of the bunch. When I think of Google, I think of a safe company people should want to be a part of.
AMZN - Was in this for a while, made some damn good money but my main reason I felt uncomfortable with it was it's price to earnings ratio and how overvalued I thought the stock was. They are an excellent innovative company, but they are overvalued. They're better than Walmart in my opinion, and they're going to be the online retailer of the future so they should focus on that and lower prices. Again, they should stick to books and retail.
AAPL - undervalued stock that has had it's ups and downs, mainly ups. They deserve a higher price due to how innovative they are and how they consistently sell more of their products. It has moved significantly the past few years. I never was in it around the time Jobs died, but I was concerned about it. Jobs was a man with a vision, and no one can tell me he didn't have a supreme vision with that company. It's still going strong without him. I think Johnny Ives being on the creative side of things and an analytical mind like Tim Cook will bring this stock to $1000 before the end of 2013 assuming we don't have an economic collapse. They're doing everything right with their products right now.
Just my two cents so take it for what it's worth.
kneifl
Stock price 10 years ago: $15
Return on investment over 10 years 4420%
Or for every $1000 you invested in 2002 you now have $42000.
Apple is basically a 6-team parlay that hit.
It's unreal.
After today's pathetic jobs report, this is a sure bet that Benji comes out with something next Thursday. On top of that if Germany votes to go along with the European Central Banks bailout program on Wednesday we will take out the old highs of 2007. Load up your brokerage accounts and make sure your 401k's have plenty of exposure to stock funds. This is going to be one hell of a ride.
I agree, a great time to be in stocks. I think after the election things will calm down a bit but for the rest of this year I'm riding it out.
kneifl
Yep....I'm margined out. All in. Going to let this bull run. Stocks are great but be sure to put some oil, gold, and silver in your portfolio. Going to see that 800 on AAPL soon kneifl.
AAPL 684.50 :0074
Having a Great Year here too ! :0071
now I need apple to buyout idcc to put me in overdrive :00hour
Well as I stated the Germans would go along with Mario Draghi's plan and Benji came through BIG today. With that said sit back and enjoy the ride. I can't for the life of me think of why this market wont rally into the first quarter of 2013. S&P 500 1570 by year end. Hopefully you guys picked up some gold and silver last week and bought some oil stocks. AAPL should easily take out 800 now.
Here comes 700 :00hour :00hour :00hour
Wouldn't be surprised to see 750 by the end of year!!
:0074 :0074 :0074
kneifl
Wouldn't be surprised to see 750 by the end of year!!
:0074 :0074 :0074
kneifl
Take a closer look if the Iphone 5 sales don't start to go as expected because it represents a big chunk of their profits and it has received bad feedback. It will still sell a lot but might hold the stock still or pull it down a little until they fix their Iphone product which will most likely be until next year if they ever do.
As a side note I really think Nokia has something going on with their new phones and with the current price of the stock it should make a good gamble. If they are not a hit we might just say goodbye to Nokia forever.
As a side note I really think Nokia has something going on with their new phones and with the current price of the stock it should make a good gamble. If they are not a hit we might just say goodbye to Nokia forever.
