I might as well be the first to make the BOLD prediction.
Too far. Too fast. One MASSIVE BUBBLE has been blown once again by Fraud St. with easy money. Time to sell like insiders. Target $250.
You do realize how much of a moron you are right? PE is only at 15.5 right now. You expect it to drop to less than 10 (not counting the 80/shr of cash on hand)? Based on what? Their increased margins? Maybe its the 140% eps growth this quarter, possibly the 95% EPS growth last quarter? Please fill us in.
Never heard of a stock being called a massive bubble when its PE is below 16 and its peg ratio is virtually nothing.
Let's see 15.5/140 gives us a peg of..... oh yes, .11. Hey it only has .89 to go before it reaches fair value. Man this is such a bubble stock! haha...idiot.
Bad guidance. Inventory, over-capacity and rising costs going to surprise AAPL just like what happened to Cisco. Sell now while the euphoria is high and frenzy continues.
Remember who downgraded Cisco at $70 years ago? NFLX at $290? GS at $194.40? :)
BFG has spoken.