If you are a trader, I can't help you. If you are an investor, like me, I might wait a bit until it comes back a bit to say $31. Its had an incredible run and looks overbought. The stock will continue to consolidate while the market figures out how to estimate future dividends. INHO, Apollo has the potential to a pay steady dividend over the next several years out of their management fee income (somewhere between 2-3% at current prices) and lumpy special dividends from period dividends they get from their portfolio companies and realizations on harvesting investments (another 3-4%).
I own this stock and have been recently have been adding shares and selling calls to get my purchase basis down to the levels indicated above.
Sentiment: Strong Buy
My only comment is "Thanks" to you both for posting. I was beginning to think that I was alone here. Haven't owned APO long enough to learn its trading patterns, but it has treated me exceptionally well since late June and has a beautiful looking up channel chart pattern. It does seem to run in streaks though, so the covered calls look like a pretty good idea. I think it's Credit Suisse who has a current target of $45 or $46 and it seems that they keep raising it. Good luck!
All that I can say to that is to react accordingly and sell your shares (if you own any), especially since it is currently trading above that target. You have been one of the few posters I have seen on this board and it seems to me that every one of your posts have been negative. If you are long I truly can't understand your negativism. It does, however make perfectly good sense if you are short.
Ghondula, why shoot the messenger? If you look at the Yahoo analysts page you'll see the median target is 35. It's not being negative to call out the high and median targets. You need to lighten up.
I have no problem with that one single post, but since I have purchased this stock on June 25th of last year, ehpb1 has been consistently posting negative messages. From my purchase price of $22.53 plus 2 dividends totaling $2.08, I have a total return of over 67% in just over 6 months. It's very difficult for me to understand how anyone can continue to be negative with that kind of performance, especially with the stock at its all time high. I'm sorry, but if you're not happy, this is the perfect time to exit without any possibility of a loss.
Thank you , i am not a trader, just looking to get my family better then CD rates and whatever help I can get.