Apple selling off like i predicted into the close. Down 15 more points in the next hour and 10 overnight (or more)
Will be at 510 by tomorrow nite and 490 by Friday nite.
Next week look for more rumours and more CNBC bashing etc. Down to 400-425 by the end of next week. Apple will have a multiple of 7 like Dell. That would put it at $ 308 which is my new price target. I think we get earnings in closer to $ 11-12 for this quarter and that will help drive the price down to a lower multiple. We could get further selling after earnings and bad guidance my Apple. I see a intra year low of 190 next year as earnings keep missing.
Funny how are emails are similar... anyway thanks for all your great posts. I made 12 million dollars using your adivice and impeccable timing. You are a true geinus. Hey did you know Apple is searching for top engineers in Israel? Interesting.