148 close on Monday, 124 close at the end of the week. I'm long the stock but short term things remain bleak. The trend is clearly down and the hedgies remain in control. The next pop will come when a deal w/ China Mobile is announced followed by news on the "updates" to the iPod and/or Mac lineup.
Jsambor, you're clearly dillusional. This isn't RIMM we're talking about. You won't see AAPL maintain anything below 150 in the next few years.
If oil stays it's downward course and no other devistating earnings news / economic news comes out and the market has a good day, I would hope that this will open around the 162.8 - 163 and close in the 166 - 167 range. That would be a great day.
it will open where it it opens and close where it opens which is where it closed friday. a reasonable person would think a good pop on monday given the 10 pt drop on on the rumor + the addition of the housing bill + the approval of siri and xm. ....but this is not a reasonable market. I've lowered my expectations.
I have always vowed never to get into the price guessing game.
However, the # is VERY closely tied to how the financials do on Monday.
There are currently 2 school of thought, with home owner's rescue plan, financials will do well on Monday. With 2 banks closing, 300 billion when everyone is talking about 1 trillion write down will not do diddly to the underlying issues at hand.
I am temporarily with more optimistic camp for coming week at least.
AAPL will touch $175 within short term, from then on, it is up to the market sentiment.
My guess will be:
$164.50 open due to the market optimism, then by 10AM, it will probably hit around $166 or so.
From then on, it will be up to the market.
If there is a sell off, then AAPL will end the day at $157 or so.
IF there is a real strong push to the upside on DOW and NAS, then AAPL will see $168 or MAYBE even $170 but I highly doubt that it will push up to $170, more like $168.
I am rather vague in this regard, but hey, who knows, anything can happen. However, I am in the optimistic side for now. Happy thought is always good.
Going forward, I am DOOM and GLOOMY on financials though, WM will go down (you can NOT have quarterly loss LARGER than your stock price and survive)!! WB will be most likely next and there will be a firesale on LEH (you can not keep selling your money generating assets and survive the ratings cut when you are already facing ratings cut).
$150 close. The mkt is going to sell the sell news. And Jobs is health is still an issue for AAPL's future. He wouldn't be still trying to cover it up from shareholders if it wasn't. He reminds of Roger Clements going on 60 mintues by trying to dodge the issue by talking to one reporter form the NYtimes. Its BS.
That' stupid. Apple will be continuously growing like it is now. No metter Jobs live or die. New ideas are coming from their R&D people not from Jobs. So, as long as their R&D and technical people are excellent (which they are) Apple will be growing. So, stop blaming Job's health. And dont you stupid know he is declared fine.
And Bill Gates resigned, so what??? Microsoft closed, drowned?? Wake up guys.
Jobs to live, good economic news, and confirmation that the new 3g phone MUCH bigger than expected. I waited two hours in line today in SF and there were 200 people in line beginning at 6:00 for an 8:00 AM opening.
Emeryville sold out by 1:00 and they received over 200 phones.
Phone is awesome, btw. A real game changer and awesome upgrade.