All the loose money that pumps up empty stocks like Facebook, Tesla, Twitter. That money is now gonna plow into Apple because this China deal is such a game changer. Its as if they have doubled their market overnight. I expect another 30 points in by Friday.
After consolidating into Thanksgiving, AAPL stock went up 55 points in 8 trading days. With this latest consolidation, I am also expecting an increase of about the same amount as it just broke out of a bull flag formation.
If Tim Cook preannounces Q1 results, then I fully expect AAPL to trade around $600 in the next week or so.
I doubt by friday. The market makers have priced in a move this week of 9 dollars. I think we get to 480 or a little above. Besides this is a short week. I hope you're right though, I have 150 jan 600s.
I'm with you on the 700 PT but you are dead wrong about Tesla.....Test drive a Tesla and do 45 min. of research and I assure you will see the uncanny parallels with "early Apple." I'm not going to waste my time pumping Tesla because I'm actually trying to accumulate more shares. Just remember this post in 3 years!
While it appears Tesla is well engineered and well made, it lacks the ability to grab market share. Ford, GM, Chrysler, Toyota, Honda aren't too worried. The biggest market is for cars priced in the $20K to $35K range. Hybrids are still the better option as well. I'm considering shorting Tesla.