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Apple Inc. Message Board

  • ericy0719 ericy0719 Apr 24, 2013 7:32 PM Flag

    450 seems so remote now.

    It was there less than a months ago, but now that number seems as high as Mountain Everest. In the short term, I can't think of anything that can drive it back there. It's kind of funny that the market rallied hard in anticipation of the cash distribution announcement (435 - 480). Now when the plan finally comes, the market seems not to give a flying F about it. And many talk heads are saying the decision is unwise, stupid, a signal of the end of growth, blah blah blah. Those manipulative sobs conveniently ignore the fact that products have life cycles and it's natural to have slower growth when existing products mature. Another argument those clowns like to make is Apple won't innovate anymore. Well, last night Cook said there will be new product categories and new services, albeit we have to wait a little longer to know what they are. Anyway, for now the stock is probably dead money until September or October. Before then it may get some strong headwinds from the broad market, but it really shouldn't revisit the 52-week low as the cash plan is supposed to have put a floor in the price.

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