We all know there is some week when Apple will gap up $30 on news. This is why Apple jumps at the open every Monday, as investors who bailed Friday afternoon, try to get back in for the week.
I believe AAPL opens at $465 Monday (it's high last week), and Friday's EOD pin is $475.
The Fast Money guys said it was going to $500, though they didn't put a time on it. Adami agreed, but said first Apple had to trade down to $450. Last week's low was $450. So it's time to go higher.
will the stock be further supported by the auto dividend re-invest trigger that so many investors use? $3 divvy payout on Friday(?) amounts to $2.8 Billions....how much willautomatically go into stock purchases? Will those auto buys be triggered next Monday..... after the dividend payouts?
Apple is a money-making machine. The company posted a net profit of $9.5 billion for its fiscal 2013 second quarter. Revenue increased 11 percent to $43.6 billion, compared to $39.2 billion a year earlier. This kind of success has allowed Apple to grow its cash pile to historic levels