"The Fed and his Wall Street slaves are trying to keep it propped up against the weight of a lot of economic problems that in my view are deeper or worse than we are lead to believe. "
High Unemployment needs to get fixed, and the deficit needs to be under control before this economy can grow any further. Real GDP growth!
As for your questions.
P/E Ratio has leveled of in the last 2 years:
It hasn't gone above 22x or so since early 2008.
So it would have to take some pretty big news to carry this stock past $320 (it's current level). I don't see that happening. Even if they sell a million more iPad's than they expected in the Xmas rush, that will likely only be able to push this stock up to $330 at the most..
On the other side, why I see more downside potential than up, is because there are a lot of finnancials that are going to be eager to make their bottom lines look good, I think that will be a potential catalyst for an apple sell off. I also think that RIMM is going to have a great quarter and could also spawn some shifting of assets by major firms.
yoy revenue growth for AAPL was around 70% for RIM it has been 67%, yet AAPL stock price is up 65% and RIMM's is down 5%.
I just think in this market AAPL Stock is out growing AAPL the company.
"I can also see the stock not growing much above the $320 until at least january as well. "
Why do you see that..?
"Right now for at least the next month there is more downside potential than up, and I would be a buyer if this stock ever dips to $250 again which it might early next year."
Please I am interested in your view on this point too?
You have some good points and possible scenarios that could be right on. Also we have a lot of market head winds to deal with. The Fed and his Wall Street slaves are trying to keep it propped up against the weight of a lot of economic problems that in my view are deeper or worse than we are lead to believe.
It is a very widely held stock.
I can also see the stock not growing much above the $320 until at least january as well.
Right now for at least the next month there is more downside potential than up, and I would be a buyer if this stock ever dips to $250 again which it might early next year.
Then again it could go to $400 after earnings in January as well, but I think the percentages of that happening are lower, just because there is already too much market capitalization in AAPL.
Short story: I wouldn't buy AAPL until it drops back below $300... if it doesn't... oh well. I am still going with RIMM anyway. They are entering a market place they have never been before: "The Laptop/Tablet Market"
Well, the SmartPhone market looked that way 3 years ago with RIMM at the top of the castle.
Now that apple has erroded that market share.. and taken the lead on Tablet's, perhaps the roles will be reversed and RIMM, HP, Samsung et al will catch up to Apple in regards to tablets...
I think the biggest issue people will have with Apple in the coming months and years is that their software is slow and inadequate.
RIMM should be able to grab a sizable market share from Apple next year.
Sure there are analysts that say "They will only Sell a Million" or Ones that say they will sell "8 Million."
The trend for RIMM is currently exceeding expectations as of last quarter...
I don't think Apple will be the king of the castle in the tablet market for very long.
Plus this will likely impede their Laptop sales... It's just basically trading a percentage of one skew for another....
Whereas RIMM has never been involved in something like this before. RIMM = Way Better value.