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  • thomasthecat69 thomasthecat69 Jul 26, 2008 9:48 PM Flag

    What is going to be opening price and closing price on Apple.

    $166.25 and closing at $172. Dow should be up a couple hundred points easily on "perceived" floor being put under FNM, FRE, and mortgages in general. News on Steve Jobs, sell out of Apple stores and full restocking over weekend should spike this stock with the tide up. If there were 10 million new shorted shares, there will likely be some covering causing adtl buying pressure. Last, if the funds that sold on fear of Jobs health decide to get back in, that will cause significant demand. Last again, might be some upgrades on Monday with increased price targets.

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    • I like your opening and closing guesses.
      <<$166.25 and closing at $172>>

      Based on your first sentence:
      <<Dow should be up a couple hundred points easily on "perceived" floor being put under FNM, FRE, and mortgages in general.>>

      If you really believe all your other points, you should a few points for each of them... :)

      I don't know how much the stock can climb on Monday, but I wouldn't be surprised to see AAPL at $190 by Friday. If you look a the weekly chart it just seems a real possibility.

      From there all talks about cup&handle and reverse H&S will begin... if good news about the iPhone continue and China gets added, the stock should break $200 by the end of August.

 
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