Here are the reasons why AAPL will keep going up.
1.it is oversold.
2.Ex dividend is Feb 7th,
3.They may increase dividends or buy back stock at this low price to increase shareholder value
4.Shorts are afraid of a short squeeze coming.
Apple iOS devices just killed Dell. They went private and will continue their fall away from the public eyes on Wall Street.
So, Dell is Apple iRoadKill.
So, HP PC were Apple iRoadKill (they are back but on life support).
So, RIMM is drowning hoping someone will buy their assets.
They keep telling everyone that the future isn't Apple. But, reality is, in the end, "There can be only one!" and that is Apple!
Goldman put it on their undervalued list. An NYU Finance guy said it is worth at least $600 a share. There are also rumors about AAPL launching a radio service to compete with Pandora/Spotify out there once again.
The stock is oversold at this point and laughably cheap. Investors are pricing it as if there will be 0 growth and compressed margins in the future, which is simply a pipe dream.
I think we have found a bottom at the $440 level. We have tested it three times now and bounced back hard each time. It will take China Mobile or some other news to push AAPL back to $500, but I think the gap to $480 can be filled within the next month.
SHORTS ARE IN A BLIND PANIC, TRYING TO COVER THEIR SHORTS AT 440 OR LOWER.... WE'RE LEAVING ON A JET PLANE.. DON'T KNOW IF WE WILL BE BACK TO 450 AGAIN....look at that beautiful trajectory up, up, up... looks like a missile launch. We can hope it runs like this for several days, at least, but it probably wont... I expect it to top out in the low 460's, at least for now.